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Novo Resources Corp. (NSRPF)

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Last Post: 3/11/2014 2:45:40 PM - Followers: 7 - Board type: Free - Posts Today: 0

(From Their Website)

About Novo Resources Corp. ("Novo" or the "Company")

Novo's focus is to evaluate, acquire and explore gold properties. Novo has the right to earn a 70% interest in the approximately 1,800 square kilometer Pilbara Paleoplacer Gold Project (includes the Beatons Creek and Marble Bar paleoplacer gold projects) in Western Australia from the Creasy Group and a right to earn a 70% interest in the approximately 10 square kilometer Beatons Creek Tenements, also in Western Australia, from Millennium Minerals Ltd. Novo also holds non-controlling investments in other junior gold exploration companies including EurOmax Resources Ltd., Prosperity Goldfields Corporation, and Evolving Gold Corp.

The Company's present focus is its Beatons Creek and Marble Bar paleoplacer gold projects in Western Australia. The Beatons Creek Tenements cover extensive exposures of the Beatons Creek conglomerates, a series of Archaean age pyritic conglomerates hosting gold mineralization similar to that of the Witwatersrand Basin in the Republic of South Africa. Shallow gold reefs were first identified and mined in this area beginning in the late 1800's.

The thirty two properties within the Marble Bar paleoplacer gold project cover an area of approximately 1,251 square km in the Nullagine embayment and 554 square km in the Marble Bar subbasin underlain by 2.74 billion year old siliciclastic sedimentary and volcanic rocks belonging to the Fortescue Group, the basal part of the Hamersley Basin located in the Pilbara region of Western Australia. These rocks are similar in age and character to the Central Rand Group of the Witwatersrand Basin, Republic of South Africa, the single largest gold region on Earth. The Fortescue Group hosts multiple conglomerate horizons known to contain gold. Although these rocks were mined locally in the late part of the nineteenth century, little modern exploration has taken place in the region.

The Company has an experienced management team in place, which has extensive expertise in identifying properties that have the best potential to recommence and expand profitable mining from known and newly discovered mineral prospects.
 






 

 

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#28   Yowza! silver100 03/11/14 02:45:40 PM
#27   I am interested on a pullback into the $0.80's..... bigone 02/16/14 05:50:30 PM
#26   Kinda cute, Nov. was the bottom for NOVO.. Fa$tlane 01/15/14 09:15:26 PM
#25   up 30% this month Fa$tlane 01/15/14 09:14:37 PM
#24   Good article put out recently about novo: bayouboy 09/24/13 06:45:30 PM
#23   You are correct: watts_n_a_name 09/18/13 02:12:03 PM
#22   Yup, it's exciting as hell. moorewdaniel 09/17/13 02:09:29 PM
#21   WOW! NOVO RESOURCES WELCOMES NEWMONT MINING CORP. AS A silver100 09/16/13 03:01:42 PM
#20   I think this goes to show that they moorewdaniel 05/04/13 03:09:33 PM
#19   Another update form Bob: http://www.321gold.com/editorials/moriarty/moriarty0502 silver100 05/02/13 01:20:36 PM
#18   Thanks Daniel, rich2 02/24/13 11:41:53 PM
#17   Hi Rich! moorewdaniel 02/24/13 12:40:54 PM
#16   Daniel, rich2 02/23/13 05:56:02 PM
#15   Hi Rich, moorewdaniel 02/23/13 01:11:21 AM
#14   Thanks for the push to study some. Daniel rich2 02/22/13 10:30:51 PM
#13   First is always management and who's financing so gsfl 02/22/13 03:16:31 PM
#12   Hi Daniel, rich2 02/22/13 01:03:43 PM
#11   Hi Rich, moorewdaniel 02/21/13 08:16:39 PM
#10   What leads you believe that Novo has that rich2 02/20/13 10:07:44 PM
#9   Hi Guys, I hope you're well. moorewdaniel 02/04/13 07:38:10 PM
#8   The Piper Must Be Paid canucklehead80 11/21/12 04:20:10 AM
#7   More from Bob: silver100 10/31/12 12:45:40 PM
#6   http://321gold.com/sponsors/novo/02241-Novo%20Resourcs-reprint.pdf silver100 10/04/12 02:47:55 PM
#5   moriarty deals another ace: heavymetal 08/27/12 05:49:57 PM
#4   I'm in, deal the cards. heavymetal 08/22/12 10:28:57 AM
#3   I definitely share your excitement. I took bayouboy 08/18/12 09:24:45 AM
#2   Over the past two weeks I've made this gsfl 08/17/12 07:53:51 PM
#1   Welcome to the Novo board. bayouboy 08/15/12 11:28:29 AM
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