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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 Aug 17, 2023 5:41pm
194 Views
Post# 35593843

RE:RE:RE:RE: Could Novo Resources be De Grey 2.0?

RE:RE:RE:RE: Could Novo Resources be De Grey 2.0?Ha yes, I couldn't agree more about their exploration strategy to date. There was s lot of allusion about them looking for conglomerate in the wider package for a long time but no evidence that they ever did. And that was only for the fantasy  conglomerate gold, not real gold or other minerals. It is just what you call dumb luck that they pegged out land on the basis of conglomerate being present when in fact it is mostly Archean granite, where some of it might have fractionated into lithium bearing pegmatite. But certainly it will be exploration by real explorers in adjacent tennaments that progress this space, not Novo. 
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