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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

Comment by BetontheFed1on Jun 03, 2021 4:25pm
106 Views
Post# 33321088

RE:Did anyone else notice

RE:Did anyone else noticeOutofEden,  yes not much about Egina or Comet/Wells/Purdy's area either.  Major shifts going on.  Looking back, MOY's oxide grades were slightly  less than 2 gpt.  Novo now controls the MOY website and it's hard to get info now.  Don't see why new discoveries would be any higher than that but who knows?  Current resources only support 6 more years of operations so I guess Novo's focus is to double the mine life.  What an effort that will be.  More drilling for sure plus those 5 ton bulk samples to get the new deposits up to inferred.  Plus native title and permits.  Not going to be quick.  Probably 2 years for new inferred resource reports.  Don't know how far along MOY was in drilling up new oxide deposits but the fact that they shifted to refractory ore indicates that not much great oxide was in the pipeline.  But maybe there's a few small oxide deposits that the can prove up in a year.  Let's hope (unless you've shorted Novo in which case you don't hope).They're allocating $12 fmillion for 7 months.  Not nearly enough IMO for all they say their going to do.  Come on Novo I need some more beer money sooner than that!
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