Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

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 5,500 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 a lithium joint venture with SQM Australia Pty Ltd (SQM) in the Pilbara, which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.

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Post by gatewaon Dec 27, 2020 10:08pm

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Post# 32186283

Explain this Doc

Just part of the many News releases under the Company on yahoo finance.

Beatons Creek:

Testing in Sydney was conducted on 2.8 t of crushed (-50 mm) and screened Beatons Creek bulk sample material sieved to two size fractions: +6/-18mm and +18/-50mm.
Analyses conducted as part of this test work generated a calculated head grade of 4.20 gpt Au for the sample.
Testing was conducted at near expected production rates for this material, with the +18/-50mm size fraction tested at 51 tph and +6/-18mm size fraction tested at 23 tph. An impressive 94% of gold was recovered in 43% of the mass of the +18/-50 mm fraction and 82% of gold was recovered in 37% of the mass of the +6/-18 mm fraction.