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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 Jan 19, 2022 9:35pm
219 Views
Post# 34335766

@HurricaneRick

@HurricaneRick
 
While I detect a bit of hyperbole in your comment, I don't believe any of the following qualify as miracles or anything short therein, but will certainly be instrumental in a sustained recovery of NVO’s share price over the next several months:
Results from Phase II Mechanical Sorting Trials (50 bulk samples from Comet Well, Purdy’s, Egina, Talga Talga). Preliminary results expected in late Jan 2022 or early Feb 2022 with final results anticipated in May 2022. If the results are similar to the Phase 1, that success and potential should be reflected in the share price.
Improved grades and updated resource estimate from mining the fresh at Beaton’s Creek with feasibility study anticipated in Q2 2022;
Improved grades from BC from the higher grade “M1 and M2” conglomerate reefs at Grant’s Hill.
Results from aggressive 15,000 meter drill program at the Parnell-Vulture trend at Nullagine currently underway. Results are overdue (expected in Dec 2021). "We feel very confident we’re onto a very sizable bedrock gold system that can be advanced pretty quickly and brought into the production stream at Nullagine." – QH Dec 2021. 
Genie - Results from the 2nd “more aggressive” drill program (underway as of late Oct 2021). QH on Genie as of Dec 2021: “Very nice oxide results and we've now done a lot more drilling. We have a lot of results coming back. I think people will open their eyes and see that we have yet another high-quality near-production system right there only 3 km from the mill.”
Results from “a half dozen other targets across the Nullagine goldfield that are all going to see drilling over the next few months.” – QH Dec 2021.
Egina bedrock – Hemi-style sanukatoid targets. Drilling of basement projects anticipated in March/April 2022.
Results from Malmsbury’s 2,000 meter drill program currently underway with results expected in Q1 2022.
The price of gold.
After the last Nullagine update, the bar has been set much lower with guidance of 27-33k oz in the first half of 2022. If results meet or exceed those estimates, which can be attainable if/when the company starts mining the higher grade fresh and M1 and M2 conglomerate reefs at BC, then the share price should react accordingly.
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