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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 GildedWillie1on Feb 23, 2023 6:01am
139 Views
Post# 35300032

RE:RE:Comparison with DeGrey

RE:RE:Comparison with DeGreyHey VP. It's unknown if there are the right intrusives in Becher, but certainly that's what Novo is now sensibly looking for. There was historically some mugget gold in the area, that at some stage had to errode from intrusive lodes, so there's a chance that the  source rocks are still there somewhere and Novo might find them. Just like Deg are searching to the north of there on the old Van Maris leases that Novo acquired but Deg have the rights to the bedrock for exploration. 
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