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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 Perambulatoron Mar 06, 2023 2:41pm
174 Views
Post# 35321948

RE:Yep, futher drilling results

RE:Yep, futher drilling resultsYes, more ultra low grade intercepts. Best new results are 4m @.0.99 and 5m @0.49 g/tonne.

Yet another ultra low grade deposit that Novo will try to pass off as potentially economic. Hikarious!

.Novo have two options as I see it-

1) Report intercepts as g/ m3 using the Moronarty method as the numbers are bigger and will fool the typical Novo follower.

2) Cart the ore to a climate controlled shed in Sydney and run the low grade ore through a tomra sorter again and again until a good numbers are obtained. It might not be nuggety ore but who would notice if a few  of those nuggets Hennig purchased from prospectors in the Karatha pub found there way in there...
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