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Novo Resources Corp NSRPF


Primary Symbol: T.NVO

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 6,700 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 lithium joint ventures with both Liatam and 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 Perambulatoron Mar 26, 2023 7:54pm
500 Views
Post# 35361570

Hilarious...Bellary Dome Exploration.

Hilarious...Bellary Dome Exploration.Im not always right but I was about Novo pursuing its next project. I predicted all the mining companies in the Pilbara would be lining up to sell there junk projects to cashed up Novo...anything that looked like it could be a Hennigh promotion. And here is Bellary Dome...Novo couldnt find anything on their own ground despite spending millions with there team crawling through minedat data looking for old mines on their tenements they could sell as the next best thing...nothing but kangaroo pasture. So they bought Bellary Dome.<br /> <br /> A bit of history...at the height of the conglomerate hype back in 2018 Bellary Dome was held by Marindi Metals under a % deal with the tenement owners. When it was known that prpectors had found conglomerate gold nuggets in the area and Sprott found out, Geoge Mehri, the Pilbaras gold exploration expert geologist, was made available to Marindi to conduct exploration. Unfortunately George didnt find anything new....conglomerate gold had been trenched and assayed decades ago and as it the case throughout the Pilbara, pockets of concentrated ore were found in drainiage channels which were great for prospectors but thats it...no where near economic. Marindi tried to sell off the dome to Pacton Gold...they had accumulated huge areas in the Pilbara, but none had any known conglomerate gold outcrops...Bellary Dome woukd give them some badly needed conglomerate gold so they would look like a legitimate player in the conglomerate scam started by Novo. Sprott was providing up front cash for the deal, but he pulled out when he relised the tenement owners were demanding such a high free carried % from any gold mining. Pacton were not in a position to offer any up frontu cash so the deal fell through.  Now Novo are "exploring".  This has exited the dumb Novo Holders on CEO forums, and maybee some clueless newbys will buy shares given the recentt gold price action.....
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