RE:New Press Release - Novo Resources: Premier Gold Exploration in Western Australia, CEO Clips VideoInteresting that when Novo was made aware of the prospector grade but non commercial gold deposits at Purdys Reward/ Comet Well, they were able to snap up such a large landholding almost overnight. They simply filed for most of the tenements which were vacant although they did purchase some tenement known to have very low grade uneconomic deposits.
An astute person might ask why many of the tenements were vacant in the first place and why in 5 years of exploration with a seemingly limitless budget, nothing commercial has been found so far. Its not as if the ground has not been explored before, and by people who have spent a lifetime in this harsh environment.
Simple answer to those smart enough to ask the question....its.kangaroo pasture.