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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 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.


TSX:NVO - Post by User

Comment by WisGuy1on May 03, 2021 6:43pm
114 Views
Post# 33120208

RE:@tradeahead

RE:@tradeahead@Tradeahead @fabrix72. It is impossible to know the head grade of BC at this point. You seem to think that the gold content in mined BC material is a constant. It is not, and not by a long shot, it will vary constantly from area to area. Why do you think grade control is required for a quantitative mining plan?. Because everything is the same? No. And the first areas are as said the lowest grade areas by design. Consequently it will take some time yet, before it can be determined. If I were CEO I would not care to venture a guess before sufficient data is available, it would in fact be my responsibility to not make such uneducated guesses, but wait until I had sufficient facts available, which does require a much larger sample size that currently available. Your allegation is in fact absurd. And no, I do not work for the company. I own a bit of it. If you check public data you will find out, that I am correct as to which areas were mined initially (old tailings, then later the area below new tailings site). If you check Crescat the other day, you will see an image QH displays with one low grade area mined, which will soon enter into a new phase, where a higher grade area is to be mined, where previous artisinal mining took place. 
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