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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 6,700 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed lithium joint ventures with both Liatam and SQM in the Pilbara which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.


TSX:NVO - Post by User

Post by TXRogerson Oct 20, 2020 2:55am
369 Views
Post# 31746646

A Store of Value: This Guy knows his $hit (so does Customs)

A Store of Value: This Guy knows his $hit (so does Customs)
Police in southern India arrested an airline passenger from Dubai who concealed nearly a kilogram of gold in his body.  According to the National News Journal, airport intelligence officers spotted the man waddling through the airport and decided he looked suspicious. After executing a search, they soon found 972 grams of flattened gold coins inside the man's rectum.
 
The passenger arrived at Kerala's Kannur airport on a GoAir flight with 972 grams of the flattened precious metal that he had inserted into his body.  Officials at the Air Intelligence Unit extracted the gold from the man, the state agency aid on Tuesday.

[img]https://www.thenationalnews.com/image/policy:1.1093343:1602678070/na15-gold-butt.jpeg[/img]

Gold smuggling is a major issue for India. Authorities in the UAE and India separately launched an investigation into gold smuggling in July after customs officials in India thwarted an attempt to smuggle Dh7 million worth of gold from the UAE to Kerala.
 
Kerala customs officials seized more than a tonne of gold in raids last year.  The precious metal is smuggled in everything from electronics to chocolates.

[img]https://www.thenationalnews.com/image/policy:1.1068158:1598350272/na26-gold.jpg[/img]
 
The goods and services tax on gold in India is 18 per cent, making gold smuggling from the Middle East an attractive risk for some.
 
Professional gangs in India and the Middle East work with experts to mould gold so it can be concealed inside equipment or smuggled inside the bodies of passengers.  Offenders can face up to seven years in prison under the Indian Customs Act for illegally bringing in large quantities of contraband including gold.

All I can say, is that smuggling PMs into India appears to be a real "pain in the a$$".

Tx


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