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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

Post by WisGuy1on Oct 21, 2021 11:23am
261 Views
Post# 34032732

@Tradeahead

@Tradeahead
This is a find of significance, because;
 
1) it is open in all directions
2) the average grade is higher than BC
3) because it is not, seemingly, a non-linear gold distribution, but rather another type of geology altogether
4) 3 km from NLP plant (Wrong historical mine working @IslandLogger! -unless my charts are defective)
5) Cost reducing relative to NVOs present resource
6) Grade increasing
7) Fully permitted
8) "Easy" to make a 43-101, if I am not mistaken, due to linear distribution
9) More structured to deal with than non-linear distributions
10) We are told we can await a blizzard of NRs with drill results, in the vicinity of the mine
11) A 43-101 expansion would increase NVOs value, and attract a new type of investor
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