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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 May 25, 2023 1:05pm
100 Views
Post# 35464114

RE:RE:Novo Resources: Further Standout Becher Gold Results

RE:RE:Novo Resources: Further Standout Becher Gold ResultsWe already know its not s second "DeGrey goldcamp", so 6 months more drilling wont change that. We are not seeing 60-100m wide intercepts that were discovered at Hemi nor 20-40m intercepts found at Towerannna! Thats no surprise of course, Becher is a different mineralisation type ( read the discaimer on every Novo news release) and Novo's drilling has only confirmed what was already known about the deposits in the area, narrow low grade intercepts. Remember Novo have a history of continuing to  pour big money into low grade deposits that everyone else recognises as uneconomic, its their modus operandi. With Hennigh effectively gone the party trick element is gone too, no sorters or deposits as far as the eye can see.
ITS ALL OVER!

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