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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Novo Resources Corp > High Grading

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Comment by JRafflesUKon Jan 03, 2021 7:04am

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Post# 32210978

RE:RE:RE:RE:High Grading

Novo’s sampling and drilling programs have established that gold-bearing units show a substantial increase in gold grade in proximity to faults that cut the Hardey formation.

See aerial photo of fractures in exposed conglomerate on Pacton’s property (link below) – 17km from Beatons Creek

https://www.pactongold.com/projects/australia/nullagine-beatons-creek/

Extract from link:-
The Beatons Creek gold project consists of extensive gold-bearing Hardey formation conglomerates that outcrop on the eastern edge of a Fortescue Group plateau that accumulated in the Nullagine sub-basin. Pacton’s Impact 5 tenement is located approximately 17 km northwest of Novo’s Beatons Creek project and lies on the western edge of the Hardey formation plateau.
Novo Resources Corp’s gold project is located immediately west of the town of Nullagine. Immediately east of Nullagine lies the historic Mosquito Creek gold district represented by orogenic gold deposits in older Archean rocks. Novo has been prospecting, sampling and drilling its Beaton’s Creek project for several years, including a 1,000 m deep reconnaissance hole collared in the Kylena basalt which overlies the Hardey formation and the basal Fortescue Mount Roe basalt. Novo’s sampling and drilling programs have established that gold-bearing units show a substantial increase in gold grade in proximity to faults that cut the Hardey formation.

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Two micro-cap stocks with strong fundamentals