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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 Jun 14, 2022 6:42pm
215 Views
Post# 34756593

@Tradeahead

@Tradeahead
@Tradeahead Okay, I have gone through the list of holes in the NR, and it could work! There are a lot of variations, but some sections are quite rich really, whereas other sections are best skipped. But actually, I am a little bit positively surprised about the grade averages a little bit of mental multiplication arrives at.
 
I do not have the cost structure of assessing these layers in fresh memory, but certainty parts of this would make really good money.
 
I think the drills results are a bit better than I had expected at first sight. It is possible that I should moderate my hard verdict on BC, at least until further investigated :0) 4 35 minutes ago

 
@Tradeahead Okay, I built a spreadsheet calculating the gram-meter intercepts from the NR, and I seem to be able to confirm enough spatial continuity to render this strongly profitable if mined selectively. Okay, I am no geologist- but....  
 
So setting up the spreadsheet to calculate gram-meters for all holes - then looking for spatial continuity in results, combined with what I think are clearly economic grades.
 
AND IT IS THERE DUDES!!!! ;-))) 
 
For example from adjacent holes 492 through 539 the following gram-meters.... Please note that there are NO HOLES in this sequence which are not quite profitable I should think. And as they occur next to one another, barring some variations in depth, mining costs should be quite reasonable. Certainly not a problem going 40 meters down, if you run through a sequence like this....
 
8.49 gram-meter
6.1
17.88
6.63
21.775
8.89
15.63
27.58
5.025
11.55
46.935
18.66
9.16
14.4
73.26
18.9
17.8
3.12
6.8
9.9
5.73
39.48
6.87
 
And this is just one sequence out of many.... there are many solid sequences with spatial continuity.
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