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First Bulk Samples Are In From Comet Well
https://provenandprobable.com/novo-resources-reports-first-bulk-sample-from-comet-well/
$NSRPF Another Must-Read T.H.H. article/review
Comprehensive site review.
Well written and a MUST READ !
http://www.thehedgelesshorseman.com/novo-resources/novo-resources-quick-look-beatons-creek/
DISCLOSURE : .. I own 1000-s of shares of NOVO Resources
Until2017
$NSRPF BRIEF UPDATE, full news link below.
http://www.novoresources.com/news-media/news/
http://www.novoresources.com/news-media/news/display/index.php?content_id=300
EXCERPT from LINK directly above :
¨Over the next few months, Novo plans to open up multiple trench sites along approximately 2 km of strike at Comet Well and anticipates collecting up to 60 +5-tonne bulk samples. As discussed in its news release dated February 6, 2018, Novo has secured a test plant from SGS Minerals, Perth, capable of processing 5-15 tonne samples containing coarse, nuggety gold like that found at Karratha. Bulk samples are being sealed in crates and shipped to the test plant facility over the coming weeks. All work conducted at Comet Well and at the SGS plant is fully scrutinized by third party technicians. First results are expected the latter half of April.¨
¨First results are expected the latter half of April.¨
Above from the link:
http://www.novoresources.com/news-media/news/display/index.php?content_id=300
Until2017
Just published a great interview with Dr. Hennigh!
Video, Audio, Transcript:
https://provenandprobable.com/novo-resources-project-updates-processing-plant-sampling/
Does anyone have any intel on Quinton Hennigh's other project MONT? See here Hennigh on the search for the next penasquito
$NSRPF Risk/Reward Favorable For Novo Bulls
https://ceo.ca/@goldfinger/riskreward-favorable-for-novo-bulls
After suffering for the last two months with a massive head & shoulders top pattern looming over their heads, shareholders of Novo Resources suddenly have a similar, albeit smaller, head & shoulders pattern underneath their feet:
<<< Chart at link >>>
Chart patterns morph and evolve. Charts also experience transitions from one 'controlling' pattern to new controlling patterns. The impressive H&S top which was constructed between August and December triggered at the end of 2017 as price broke down below C$4.00 - Novo shares proceeded to drip nearly 40% lower over a roughly one month period following the December 21st neckline breach.
Since bottoming at C$2.45 on January 24th NVO has spent the last month wedging higher and bumping up against the C$3.80-C$4.00 resistance layer. A multi-week head & shoulders bottom pattern has been constructed during the last two months with Relative Strength (RSI) and Money Flow (MFI) rising to the highest levels since November.
Heading into next week Novo has its most bullish chart setup since last August, and we all know what happened then. With RSI breaking above the median line, pointing higher, and close to the 'sweet spot' (between 55 and 60) we have a potentially explosive recipe if price can break-out above the C$4.00 neckline. In fact, an upside breakout from the head & shoulders bottom would target a move higher to fill the open gap from late-December all the way up at C$5.51.
From my vantage point the risk/reward is attractive from Friday's closing price of C$3.65; with ~50% upside vs. ~20% of downside (one can place a stop loss below important support/resistance at C$3.00) the odds are currently favorable for NVO bulls heading into what could be a monumental market moving NR with the latest bulk sample results from its Comet Well project (which could be released as early as Monday).
A good read to get up to speed on the Novo story from @HHorseman - Pilbara: De Grey, Novo, and More Horseman Theories
Disclosure: Author is long NVO shares at the time of publishing and may buy or sell at any time without notice.
DISCLAIMER: The work included in this article is based on current events, technical charts, and the author’s opinions. It may contain errors, and you shouldn’t make any investment decision based solely on what you read here. This publication contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The views expressed in this publication and on the EnergyandGold website do not necessarily reflect the views of Energy and Gold Publishing LTD, publisher of EnergyandGold.com. This publication is provided for informational and entertainment purposes only and is not a recommendation to buy or sell any security. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on www.SEDAR.com for important risk disclosures. It’s your money and your responsibility.
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Until2017
$NSRPF I found this on 321Gold.com re:NOVO
http://www.thehedgelesshorseman.com/novo-resources/de-grey-novo-horseman-theories/
First paragraph follows :
The somewhat recent discovery made by Novo of a 30-35m thick section of conglomerates beneath the Mount Roe Basalt at Comet Well, including a new circa 15m thick lower conglomerate sequence that contained “buckshot” and weathered pyrite made me think about De Grey’s discovery north-east of Purdy’s Reward/Comet Well. The thing that stood out with their conglomerate discoveries some months ago was that some were much thicker than what Novo was seeing at Purdy’s Reward. “Jarret Well” was approximately 50m thick and Steel Well was even thicker at 80m, and I remember Quinton stating that De Grey did in fact have the same type of conglomerates that Novo were finding 80km+ away.
Please read the whole article on the THH site, OK ?
Until2017
$NSRPF Bob Moriarty recent post on Novo
http://www.321gold.com/editorials/moriarty/moriarty022118.html
Novo is on Sale for a Little While
Bob Moriarty
Archives
Feb 21, 2018
Novo shares are going to be on the sales rack from now until March 8th with about 3 million warrants at $.85 expiring then. It's perfectly normal for warrant holders to sell shares in order to exercise the warrants. For the past three weeks about 300,000 to 400,000 shares per day have traded on average. Selling warrant holders don't need to sell one share for each warrant held since the share price is about four times higher than the exercise price but with the lower liquidity of Novo recently any selling will tend to depress prices artificially. That overhang disappears on the 8th of March.
Quinton Hennigh of Novo released more assay results and an update on Comet Well and Purdy's Reward on February 14th. It was pretty bland but it did have an important chart in it that answered a lot of questions for me.
A lot of experts and non-experts have visited Karratha and seen both Comet Well and Purdy's Reward. Reactions vary a lot. When I was there with Brent Cook in July the price had just started rocketing higher. Brent Cook got his readers in cheap and when prices got carried away in October and November was wise enough to get his people out at a nice profit. His latest comments indicated a concern with mining as an open pit and what the strip ratio might be.
John Kaiser came in acting as if he had been in the yardarms when Captain Cook first sighted Australia in 1770 and played an important part in the discovery. After his visit he recommended his readers buy the stock saying he believed it could be a 20 billion ounce deposit. Now given that the world has only produced maybe 6 billion ounces, he was getting a little carried away. He corrected that later in the year suggesting that he wasn't sure that Vits grade and Vits thickness at surface would be economic. Now given that they are mining almost 4 km deep in South Africa, home of the Vits, that comment by Kaiser was pretty shocking. Not quite as shocking as the 20 billion ounces comment but still right up there.
I think I got it. I have been a giant supporter of Novo and Quinton Hennigh for yonks. I have believed since my first visit in 2009 that Quinton's precipitation theory was valid and Western Australia had the potential for another Witwatersrand type deposit.
In an early piece this summer I predicted that the bulk of the gold would be at the lower portion of the conglomerate sequence. That turned out to be true. But the real question was, what kind of mining thickness would you have? Brent Cook had a perfectly valid concern about strip ratio but I have never believed this had a big open pit potential. The big potential is in the conglomerate under the basal cover. Novo has almost 10,000 square km of ground, much of it under cover and it will require underground mining hopefully using mechanized mining equipment.
With the latest results, Novo attached a number of pictures and one important chart. The chart shows a drawing of the lower conglomerate sequence at the dolerite contact. Novo has put in all of the assays to date so a reader can visually see where the gold is. I like it a lot.
( Strata graphic in original NOT POSTED here. )
Many moons ago I said that this was an unconventional deposit and had to be approached in an unconventional way. Virtually all of the gold to date consists of large nuggets. That creates a monster problem because of the nugget effect. The larger the gold, the harder it is to measure. While both Quinton and Brent Cook believe that somewhere there will be finer gold that is easier to measure I'm not so sure I care. Gold is gold, big or small. If you have a ton of large nuggets, which works for me and clearly Karratha has a lot of gold. Everyone agrees on that.
While the punters want to see that 40-50-60 g/t gold as I do, they are missing the potential of the 1-2 g/t material above and below the high-grade sequence. With $1350 or so gold today a gram is still worth about $43. With any mining, you have to consider mining width and dilution. If you have $40-$80 material for half a meter above and below $2000 material you have a mining sequence that works.
Novo has realized that with nuggety gold, you have to have large samples to determine a representative grade. The diamond core drilling was useless for grade; it only reflects structure of the conglomerates as I said it would. The large diameter drilling didn't work because the gold is too dense to blow out of the hole. The best way to measure the gold is simply to mine it. And while they can call the large bulk samples, it's really just small mining.
The company has arranged access with SGS in Perth to use their test plant to process 5 ton samples as compared to the 300 kg samples they have been testing. They believe the larger samples will more closely represent the real grade of the material. I agree.
With each press release, investors have more information to make an intelligent decision about determining if they should buy or sell. I love Novo and Quinton Hennigh and I firmly believe the company is on track. They have serious money in the bank and are under no particular financial pressure. Quinton has assembled a brilliant team in Western Australia and progress is being made daily.
I still own the shares that I paid for at $.25 in the first PP many moons ago. I wish I had been wise enough to sell a bunch and move the money into Kirkland Lake at the top in October/November. KLG is a similar bet on Karratha and the Pilbara Basin but less leveraged. In any case, Novo was cheap in July, expensive in November and back to cheap again. Any of the chat board commandos who have given up on the Novo story are going to get caught out at the airport when their ship comes in.
Novo is an advertiser. It is my largest share position and I couldn't possibly be any more biased than I am. It's a great story, still in progress and they do a good job of communicating the very real value in the company. You are responsible for your own due diligence.
Novo Resources
NVO-V $3.30 (Feb 20, 2018)
NSRPF $2.64 OTCQX 148 million shares
Novo Resources website
###
Bob Moriarty
President: 321gold
Archives
Until2017
$NSRPF Novo Commences Work at Comet Well and Updates Results From Purdy’s Reward
http://www.novoresources.com/news-media/news/display/index.php?content_id=297
Novo Commences Work at Comet Well and Updates Results From Purdy’s Reward
VANCOUVER, British Columbia, Feb. 14, 2018 (GLOBE NEWSWIRE) --
Novo Resources Corp. (“Novo” or the “Company”) (TSX-V:NVO) (OTCQX:NSRPF) is pleased to announce its 2018 exploration program at its Karratha gold project has begun. Diamond drilling and trenching have recently been initiated at Comet Well. At Purdy’s Reward, additional bulk sample results have returned allowing for planning of follow up work in this area. Comet Well, a farm-in and joint venture Novo has with two Pilbara-based prospectors, and Purdy’s Reward, a farm-in and joint venture Novo has with ASX-listed Artemis Resources Limited, are both part of Novo’s greater Karratha gold project located in the Pilbara region of Western Australia.
Exploration Program at Comet Well
Scout diamond core drilling recently commenced along a 2.5 km long, 500 m wide, northeast-trending corridor extending from areas drilled last year at Purdy’s Reward to an intensely prospected area called the Powerline showing on the Comet Well tenements (Figure 1). This drill program is designed to evaluate the position, thickness and dip of gold-bearing conglomerates that subcrop along the length of this corridor.
Novo plans to drill vertical scout holes along this corridor on a 200 m grid, and more tightly spaced holes in areas where trenching will occur in order to better understand subsurface geology before bulk sampling commences. Bulk sampling will be the means by which Novo anticipates evaluating gold grades of the targeted conglomerates. Initial drilling encompasses approximately 60 holes and is expected to be completed over about three months.
The first few diamond core holes at the Powerline showing have revealed thick intercepts of conglomerate. Holes collared in the Mt Roe basalt, the cap rock to the conglomerate sequence, have encountered 30 to 35 meter intercepts of conglomerate before entering the dolerite footwall at the base. Given the dip appears to be quite shallow, less than 10 degrees, these intervals are probably close to true thicknesses. Interestingly, the uppermost beds of conglomerate encountered in these holes resemble those seen at Purdy’s Reward. The lowermost 15 m of conglomerate appears unique to the Powerline area. In places, boulder clasts in this lower unit are over 1 m across and are ubiquitously well rounded. Pyrite, both detrital and late, appears frequently.
Novo’s first trench at the Powerline showing has exposed the lower conglomerate unit seen in core drilling. Metal detecting has readily identified numerous strikes within exposed bedrock. A video showing Novo staff detecting and marking the bottom of the first trench can be accessed at
Novo is carefully cleaning the bottom of trenches to expose the top of fresh rock in preparation for bulk sampling. As discussed in its news release dated February 6, 2018, Novo has contracted SGS Minerals, Perth, who has a fit for purpose circuit, capable of processing and analysing larger samples containing coarse, nuggety gold like that found at Karratha, in a time frame that would normally be expected from RC or diamond samples. Bulk samples will be sealed in crates and shipped to the test plant facility over the coming weeks.
Purdy’s Reward Update
Novo has received Au results for multiple bulk samples collected late last year from trenches at Purdy’s Reward (Please see Figure 5 for a tabulation of results and Figure 6 for location map showing trenches 1, 2 and Diamond Drill holes.). Bulk samples discussed here were some of the first samples taken from the project and each weigh approximately 300 kg, a size Novo has recently determined insufficient to evaluate grades of this nuggety gold system. Nonetheless, results from these initial bulk samples provide insight into the grade distribution within the conglomerate section at Purdy’s Reward. Observations include:
Concentrates from all samples yielded multiple flattened, “melon seed” nuggets attesting to the nuggety nature of the deposit (Please refer to Figure 4 in Novo’s news release dated December 21, 2017 for an image of such concentrate.).
The richest gold grades appear to be concentrated near the base of the conglomerate package immediately above the dolerite footwall. Grades of 87.8, 46.1, 10.6 and 15.7 gpt Au were obtained from samples of this material from trench 1 and 17.7 gpt Au from a sample from trench 2. (Please refer to Novo’s news releases dated August 8 and December 21, 2017).
Samples of footwall dolerite yielded significant gold, perhaps reflecting penetration of nuggets into this unit from above. Bulk samples of this material yielded grades of 4.1, 0.4 and 0.03 gpt Au from trench 1, and 2.2 and 2.7 gpt Au from trenches 2 and 3. Clearly, the underlying rock is prospective in areas immediately below the basal conglomerate.
Conglomerate samples taken from areas above the base contain occasional nuggety gold. Grades of 1.3 and 0.2 gpt Au were obtained from two samples of this material from trench 1 and 1.3 gpt Au from a sample from trench 2. Novo views these results as indicative only since field observations indicate nuggets originate from upper conglomerates. Novo thinks samples of 5-15 tonnes will be necessary to better assess gold grades from these units.
At the end of 2017, Novo collected a few approximately 6-tonne samples from a few trenches at Purdy’s Reward. These samples were collected after the recognition of the extreme nuggety nature of mineralization and that most nuggets are concentrated near the base of the conglomerate sequence. In an effort to standardize bulk sampling protocols, Novo extracted each sample from flat panels of rock each 0.5 m thick and with a set footprint of 4 sq meters.
One of these bulk samples will be the first through the new SGS plant. Results of this are expected shortly after processing.
Novo is considering collecting additional samples in a similar manner at Purdy’s Reward and Comet Well pending return of these results.
“We are pleased to commence work again at Karratha,” commented Dr. Quinton Hennigh, Chairman and President of Novo Resources Corp.
“Last year, we cut our teeth on this unusual gold deposit and gained valuable knowledge in the process. The erratic spread in gold grades seen from early small volume bulk samples of circa 300 kg bulk of footwall dolerite and upper conglomerates from Purdy’s Reward confirms the nuggety nature of mineralization. Five to fifteen tonne bulk samples are clearly necessary to get a better handle on gold grades, and we are now in a position to collect these having recently secured a test plant at SGS, capable of processing such large volumes of material. Purdy’s Reward bulk samples will be the first through this new plant, and results are expected shortly. At Comet Well, we are quickly getting our scout diamond core holes and a few trenches in place to evaluate stratigraphy in preparation for bulk sampling. Over the coming months, we anticipate collecting numerous bulk samples at Comet Well and Purdy’s Reward to begin to assess grade and continuity of this deposit.”
Quality Control and Quality Assurance:
Novo staff, under the supervision of Dr. Quinton Hennigh, Novo’s President and Chairman, collected bulk samples and drill samples announced in this news release. Bulk samples were submitted to Nagrom Metallurgical Laboratory in Perth, Australia. Sample preparation entailed crushing to 1mm and screening. The +1mm fraction was subjected to jigging, and the -1mm reported to a Knelson concentrator with the concentrate being tabled. Combined tabled and jig concentrates were screen fire assayed. Tails material was subjected to 50 x 1kg LeachWell assays. Concentrate assays and Leachwell assays were then mathematically combined to arrive at a reportable calculated head grade. Samples were scrutineered by independent consultants from RSC Mining and Mineral Exploration, Perth, whilst each sample was being collected and each sample arrived at the laboratory.
Dr. Quinton Hennigh, the Company’s, President and Chairman and a Qualified Person as defined by National Instrument 43-101, has approved the technical contents of this news release.
About Novo Resources Corp.
Novo’s focus is to explore and develop gold projects in the Pilbara region of Western Australia, and Novo has built up a significant land package covering approximately 12,000 sq km. Novo also controls a 100% interest in approximately 2 sq km covering much of the Tuscarora Au-Ag vein district, Nevada. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com.
On Behalf of the Board of Directors,
Novo Resources Corp.
“Quinton Hennigh”
Quinton Hennigh
President and Chairman
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
Here we have a REAL EXPLORATION Company run
by REAL MEN doing REAL & REPORTABLE WORK ! ! !
Until2017
golds up:
http://www.kitco.com/charts/livegold.html
frogs are singing.
$^)
like little golden frogs in a swamp on a hot summer night .
you can't see them, but you can hear them. Thousands of them.
gold nuggets under the metal detector.
$^)
Jayant Bhandari comments on Novo and Irving in this interview:
video, audio, and transcript
https://provenandprobable.com/jayant-bhandari-gold-gold-mining-companies/
$NSRPF Novo Secures Test Plant for Processing Bulk Samples
http://www.novoresources.com/news-media/news/display/index.php?content_id=296
FROM : .. http://www.novoresources.com/news-media/news/
Partial Excerpt : .. Novo Secures Test Plant for Processing Bulk Samples
VANCOUVER, British Columbia, Feb. 06, 2018 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX-V:NVO) (OTCQX:NSRPF) has entered into a commercial arrangement with SGS Minerals of Perth, Western Australia, to secure access to a test plant for the processing of 5 tonne bulk samples from its Karratha Gold Project. SGS is a leading service provider to the global mining and minerals industry. The Company’s previous news releases have described the nuggety nature of mineralisation at Purdy’s Reward and Comet Well. In gold systems containing a high nugget effect, the statistical impact of this means that a relatively large sample size is required to ensure the resultant assay grade is better representative of the surrounding material. In ongoing trenching works at the Company’s Karratha gold project, Novo will be excavating a series of 5 tonne bulk samples. Samples to date have mostly been in the range of around 300kg. Processing of these sample sizes through conventional laboratories has proven time consuming and costly and provides indicative grades only for each sample. As Novo comes to grips with analysing this unique style of gold mineralisation, the Company has been working to continually improve its sampling and analysis processes, hence the focus on investigating cost effective and timely alternative solutions to obtaining the grade of the bulk sample material. Faster turnaround times will be invaluable for the exploration team in the field, with a more rapid feedback loop significantly improving the understanding of gold concentrations relative to geological features.
= = = = = = = < End oF Excerpt > = = = = = = = =
And here is the point that I obviously wish to make :
(1) NOVO Will actually do the work
(2) NOVO Will actually report the result
Unlike other, fly by night, pretender "gold mines" .
Until2017
New update on Novo:
https://provenandprobable.com/novo-boosts-exploration-team/
something else to keep an eye on:
http://www.kitco.com/charts/livegold.html
$^)
$NSRPF I think your post is right on
. . . and it is likely what WILL happen, too !
Good post
Until2017
question:
what if the conglomerate layers could be cherry picked?
scrape and expose the top of the gold nugget area.
cherry pick out the the nuggets using metal detectors.
scrape down about a foot or two.
cherry pick again.
repeat again and again.
all the while placing aside the remains of the exposed layers to be re-examined after the first cherry picking. in case some cherries were
missed.
i hope i am not embarrassing myself by asking this question.
$^)
$NSRPF NO 43-101 NECESSARY? Absolutely correct ! ! !
$NSRPF MANDATORY READ: Bob Moriarty Novo article
http://www.321gold.com/editorials/moriarty/moriarty011618.html
Whats happening and whats coming, too.
Until2017
43-101 ? we don't need no 43-101.
https://video.search.yahoo.com/yhs/search;_ylt=A0LEVvQRVFdaamsAZaEPxQt.;_ylu=X3oDMTByMjB0aG5zBGNvbG8DYmYxBHBvcwMxBHZ0aWQDBHNlYwNzYw--?p=treasureof+serria+madra&fr=yhs-iry-fullyhosted_011&hspart=iry&hsimp=yhs-fullyhosted_011#id=10&vid=307f7a7a87668bb794b62f70dda97d42&action=view
$^)
Here is a perspective on Novo from one of the most respected names in the natural resource space in video, mp3, and transcript:
Scroll to the 11:29 Mark: https://www.provenandprobable.com/jayant-bhandari-fanaticism-quality-names-arbitrage/
$NSRPF Excerpt from your post re:Novo
Excerpt from the link you posted :
Maurice Jackson:
Always an honor, sir. Bob, you’re one of the most coveted, respected names in the natural resource space, so it’s an honor to have you here sharing your insights. I would like to begin our conversation with Novo Resources, a company you and I both are shareholders in. Give us a little background on Novo Resources.
Bob Moriarty:
Well, let’s talk about what just last happened in the last couple of days. Novo released a press release, and they were talking about samples coming back from three of the trench samples. The really interesting thing is that one of them was 15 grams, one of them was 17 grams, and the other was actually above the pay zone, so it was 1.3 grams, and all of them were important for different reasons. Now, strange enough, the gold grade, overall is around 15 grams and the width identical to that of the Vits.
So, a 15-gram gold deposit, it’s certainly nothing to be ashamed of, if you got the lateral extent, and that absolutely appears to be the case. Markets go up, markets go down. You’ve read that in the book, and people say that when you’ve got a really great stock, it can only go up, and that’s just absolutely not the case. Rick Rule has said, “Every major discovery has at least one 50% decline,” and it’s, if you liked it at nine bucks, you have to love it at four bucks.
Maurice Jackson:
Bob, let me ask you this. Quality names usually have a sell-off this time of the year, from tax law selling. How much of a factor is the tax law selling, in this price movement?
Bob Moriarty:
None.
Maurice Jackson:
So this is strictly from the press release, basically?
Bob Moriarty:
Yeah, I think so. Yeah. The problem is, the first results were 67 grams, and that was so extraordinary, that anything less than that, everybody was disappointed, and said, “Okay, I don’t want to play anymore.” They’re forgetting that Witswatersrand produced two billions ounces of gold. Now, there are some specific issues with Western Australia. The gold is very nugget-y, which means it’s very difficult to manage it.
But, in this case, this gold that’s right at surface, they go down to 15,000 feet in South Africa, and that’s very expensive to do, and it’s very dangerous, and it’s very difficult. You can mine 15-gram material at surface, you’d make a lot of money.
Maurice Jackson:
Yeah, that’s certainly nothing to be ashamed about that, though. That, at the 15 grams, is quite commendable.
Bob Moriarty:
Sure.
Maurice Jackson:
When I saw the sell-off yesterday, I saw this as a great buying opportunity, and that’s exactly what I did, I bought more shares. Twofold question for you here. Are you buying Novo Resources at these prices? Why, or why not?
Bob Moriarty:
I’m not, but the reason I’m not is, because, I’ve got a very large position. It’s been my largest position for five years, and I don’t need to. Strange enough that somebody’s nervous about Novo. A really high potential, low risk stock would be to buy Kirkland Lake, because Kirkland Lake owns almost 30% of Novo, or has options on 30% of Novo.
<<<<<<< End oF Excerpt >>>>>>>
THE .LINK. :
https://www.provenandprobable.com/bob-moriarty-stop-look-listen/
Disclosure : I have increased my position during this recent selloff.
Until
Here is a new update on Novo in video, mp3, and transcript:
https://www.provenandprobable.com/bob-moriarty-stop-look-listen/
yes,
they must sell some gold and publish the details.
the money in the bank will clearly tell the story.
$^)
$NSRPF New NOVO News Thursday 12.21.2017
http://www.novoresources.com/news-media/news/display/index.php?content_id=291
First couple of pafagraphs :
Novo Provides Exploration Update From Purdy’s Reward
VANCOUVER, British Columbia, Dec. 21, 2017 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX-V:NVO) (OTCQX:NSRPF) is pleased to provide an update on exploration activities at Purdy’s Reward, a farm-in and joint venture Novo has with ASX-listed Artemis Resources Limited (“Artemis”) and part of Novo’s greater Karratha gold project, Western Australia. Recent events include:
o .. Completion of 3,294 meters of scout diamond drilling
. . . in 69 holes testing approximately 1,550 m strike along
. . . the targeted conglomerate sequence.
o .. Initial 3D modeling of lithologies.
o .. Study of in situ gold mineralization confirming Purdy’s
. . . Reward is a coarse gold system.
o .. Undertaking an assessment of appropriate sample size.
o .. Receipt of first bulk sample results including 15.7 gpt Au
. . . from a 304 kg sample of basal conglomerate from Trench
. . . 1 and 17.7 gpt Au from a 371 kg sample of basal conglom-
. . . erate from Trench 2.
<<< End oF Excerpt >>>
Go to this link to read the whole report :
http://www.novoresources.com/news-media/news/display/index.php?content_id=291
Until2017
$NSAV NOVO R. Down a dollar at 11:11 a.m.
NOVO Resources Down a dollar at 11:11 a.m.
HUH ? .. WTF ? ! ? !
Until2017
$NOVO Nuggets indicate $10.00 for the stock as soon as nuggets make it to market
I agree with you. .. After NOVO has sold its
first 20,000 ounces or so, the stock will get
to $10.00, or even more, easily.
The bulk sampling program will provide thous-
ands of ounces of gold to sell for capital.
Until2017
indicator minerals?
they are staring us in the face.
the nuggets are the indicator minerals.
$^)
i have been thinking; so "look out".
should novo and and artemis merge?
$^)
Great News for NOVO again!
https://www.provenandprobable.com/comet-well-tenements-granted/
$NSRPF Must read latest BULK SAMPLE assessment
One man's INFORMED opinion and analysis :
http://www.thehedgelesshorseman.com/novo-resources/novo-resources-bulk-sample-big-picture/
A good read, and convincing, IMO .
Until2017
Well said
Still and all, I would rather have an
ounce of gold stored in my larder than
ten pounds of make-believe BitCoins !
Wen push comes to shove, and we all
have to go off-grid, the truly vaporous
nature of the ephemeral fake BitCoins
will befinally revealed.
THERE AIN'T NUTHIN' THERE ! ! ! !
Until
how much gold could a bit-coin buy,
if a bit-coin could buy gold?
$^)
$NSRPF Excellent post thank you.
My call ( and others here made the same call )
that the bottom was in seems to be solid.
I bought another 1000 shares when I made the
call.
Full speed ahead. .. Let's see $10.00 in 2018 !
Until
Is Novo’s Pilbara Discovery a Paradigm Shift in Economic Geology?
Let me make a prediction. The Novo Discovery will be the lowest cost gold mine in the industry, by a massive margin. Maybe sub $100/oz! That’s what should be attracting people’s attention.
It is there, it’s going to be mined by someone, and the ultimate grade and origins for the time being are just White Noise.
http://www.straighttalkonmining.com/novos-pilbara-discovery-paradigm-shift-economic-geology/
$NSRPF If you own NOVO shares, this_is_a_MUST-READ
http://www.thehedgelesshorseman.com/novo-resources/lets-get-things-straight-regarding-novo-resources/
I found this on Bob Moriarty's 321Gold site
this morning. .. Thanks Bob,
Until2017
Wasn't that a beauty 5m gold nugget!!
$NSRPF Excellent post you made
Gave you a follow, not that all of your
posts aren't thoughtful & substantive
Example :
ttj,
You didn't mention that Kirkland Lake Gold, who had their geos on site, bought 18% of the Company. How come? Certainly, their geos know more than the message board posters that you refer to.
The gist of the post that you brought to the board is this:
$NSRPF Looks like the bottom was in
I bought my additional 500 shares at good
prices, buys of 300 shares and 200 shares.
I am not a big player, but I have 1000 shares
now, and I am sitting pretty and green too.
Until2017
"...3. At this point, the company is switching gears based on what they have done to confirm or disprove a thesis, which is concerning. Why would you need to do this in the first place?..."
I am a little too critical here. The sign of a good mind is to switch gears as quickly as possible, based on new findings, and of course, this company is very well cashed up, so they did that so very right, and kudos to management....
If I were them, I would call Robert Quartermain and his world class team at PVG and ask for some help, but what do I knkow.......
$NSRPF YOU ARE CORRECT -- don't_put_it_all_here
I bought 500 shares 18 months ago at a
really really good price .
Since I had been wishing Ida bought more,
I am buying 500 more during this nice dip.
In POINT 6 in your post, you said this :
for my friends here, I have been snooping around about this company for several months, just hearing chatter, and here are my thoughts. Personally, I am incapable of evaluating the first thing about geology or mining, so I have to listen to people who have expertise in that area.
To newcomers to this sector, or those who believe in gold deposits, my 2c:
1. I suspect over 99% of small companies that think they have something, end up not having an economic deposit, which means something a capitalist can put a mine on. There are hundreds of low grade "gold" mountains on earth, but they are not economic. In fact the 99 percent figure is accurate, actually it is conservative. gold deposits are rarer than hen's teeth. Like Alaska, it is s a hunk of earth but taken as is, the State of Alaska would not be something that you could convert into a money making gold resource. Some tiny fractions of it, perhaps, but they are few and far between.
So beware of gold fever.
2. I am somewhat dismayed at this post, since having a true deposit is a realization that comes over time, as a company drills the holes to confirm a thesis. So this guy, who seems like he follows the company, has raised a point that so far I cannot see any response to, but then again, I am not a geo guy, to put it mildly. http://www.stockhouse.com/companies/bullboard?symbol=v.nvo&postid=27043004
3. At this point, the company is switching gears based on what they have done to confirm or disprove a thesis, which is concerning. Why would you need to do this in the first place?
4. PVG, of which I am a proud owner, has a course deposit which is very rich, and I figured perhaps this company has another one, but that is unclear.
5. The experienced mining guys on the stockhouse PVG board have always said there is not enough evidence to put it mildly to justify the huge stock move in this company, but I figured, perhaps they are jealous so I let it go at that. Who knows but they at least pointed out the very speculative nature of this company's findings to date.
6. At some point, perhaps today, perhaps when it gets meaningfully lower, the company is a buy, but I would strenuously caution people here not to bet your entire wad on this company. I own two metals companies, as some may know, ivpaf and pvg, and both have tremendous sets of deposits, and the market still does not credit them at all, but still, they have the stuff there, no ifs ands or buts, and at some point, the market will be forced to recognise it.....I mention this only as this is where an investor can sink a sizeable sum, and not worry about getting financially crushed, and indeed, over time, being pretty much assured of a winning hand.......but this little explorer, and I like its capital structure enormously, btw, still has just some surface stuff, and the post above is concerning. You don't know what is there, based on work to date, or if it will ever be a deposit. So for those who haven't spent years in this sector, and do not know the true odds of a deposit, I am just trying to say, do not put a sizeable chunk into this one. I knokw Spott and Rule have given it the go code, but the above post I view as new information. my 2c.............not trying to be negative but I have spent some time trying to learn about this one..
I agree with your bottom call! If it isn't bottom It's pretty close IMO. Take a look at all the insiders that had been buying this!
https://m.canadianinsider.com/company?menu_tickersearch=NVO%20%7C%20Novo%20Resources
Tweeted today -
Nice haul for a weekends work at Comet Well -
https://twitter.com/ozwitsgold
Lucky@ozwitsgold is johnathonc. He staked 2 of the tenements at Comet Well that are part of the Novo JV.
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(From Their Website)
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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