Novo Resources Corp T.NVO

Significant Results From Historical Drill Hole T.NVO

[Betteryear2]

VANCOUVER, British Columbia, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (ASX: NVO) (TSX: NVO) (OTCQX: NSRPF) is pleased to report significant assay results received from a relogging and infill sampling program completed across 11 previously under sampled, historic drill holes, located within priority target corridors at the Belltopper Gold Project (‘Belltopper’) in Victoria (Figure 1).


Significant Results From Historical Drill Hole Infill Assay (globenewswire.com)

[ValuePro]

Too bad this news comes on one of the few days this month during which the price of gold takes a dump.  Anyway, better days should be ahead as the summer doldrums in mining stocks end, the prices of precious metals rise, and pressures grow to lower interest rates. Watch the investor appetite for gold stocks boom with the coming bust in the overall stock market. 

[Perambulator]

But is this actually news? All they have done is confirm the drilling results from previous tenement holders who found that these scrappy results  proved that the veiny gold was so sparsleyd distributed that the deposit could not be mined economically no matter what the price of gold was. Thats Novo's specialty, re-exploring gold deposits known to be uneconomic, and pretending that the