Novo Resources ("Novo" or the "Company") (TSX.V:NVO - OTCQX:NSRPF - ASX:NVO) released upgraded drill results from Nunyerry North, at the Egina Gold Camp in Australia. These results were re-analyzed using a larger sample method which resulted in a number of intercepts reporting higher grade gold results.
Mike Spreadborough, Executive Co-Chairman of Novo joins me to discuss why the larger sample method upgraded some of the results. I ask if this changes any of the exploration plans at Nunyerry North as the Company moves to the next round of drilling. Approximately 4,000 meters of drilling is planned across the full 2km strike staring mid-year.
We also discuss the maiden drill plans at Karratha, where approximately 3,500meters will be drilled at 3 prospects starting in Q2. I have Mike provide more information on the 3 prospects and what the Company is looking for in this first round of drilling.
With cash of A$17.4million and an investment portfolio of A$39.3million the Company is funded for all the programs we discussed.
If you have any follow up questions for Mike please email me at Fleck@kereport.com.
Click here to read over all the recent Novo news.
Elemental Altus – Q1 2024 Financials, A Royalty Acquisition, And Royalty Partner Updates
Faraday Copper - Corporate Overview: Copper Creek Project, 4.2 Billion Lbs Copper Resource, Expansion Drilling This Year
Nick Hodge – Still Constructive On Copper, Gold, Silver, And Uranium Stocks, As The Recent Breakouts Are Consolidated
Jordan Roy-Byrne - Gold Vs Other Commodities Vs S&P, Which Stocks To Invest In
Fury Gold Mines - Éléonore South Drill Results, Future Exploration Plans For 2024
Lawrence Roulston - Mining Market Cycles, Copper Market Overview, Golden Triangle, MTB Metals Exploration Plans
Graphene Manufacturing Group - Answering Your Questions On Battery Development, THERMAL-XR, Graphene Production, Other Growth Avenues
Sean Brodrick – Despite Pullbacks In Oil, Uranium, Copper, Silver, and Gold – The Megatrends Are Still In Place
Matt Badiali - Uranium: Why Matt Is Back In The Bullish Camp
Targa Exploration - 2024 Exploration Program To Focus On The Opinaca Project
Midnight Sun Mining - $10Million Raised, New Cooperative Exploration Plan With First Quantum Mining Targeting Possible Near Term Production
Craig Hemke - Economic Data Recap, Stagflation, Gold & Silver Market Trends
Abitibi Metals - Recent Drill Results from B26 Deposit Intersects High Grade Copper
Weekend Show - Matt Geiger & Axel Merk - Gold, Silver, Copper, and Equity Trends
Dana Lyons – Trading The Recent Volatility In US Equities, Copper, Gold, And Silver
Marc Chandler - Rate Cuts to Election Results: Market Predictions
Thor Explorations – Update On Q1 Financials With An Exploration Update At Segilola and Douta
Peter Krauth – Pro Tips On Stacking Silver And Investing In Silver Stocks As They Break Out
Jeff Christian - Silver Volatility, Short Squeeze, And Price Forecasts
Surge Copper – Exploration And Development Update At The Copper-Moly-Silver-Gold Berg Project
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast