A new high grade gold zone discovery for Novo
More good news continues to come out of Novo Resources. We interviewed President and CEO Quinton Hennigh on the weekend show (click here and listen to segment 5) to discuss a couple recent news releases focused on the Tuscarora property in Nevada.
Today Novo released news on a new gold zone at the Talga Talga Gold Project. While the news is focused on rock chip samples there were some good grades that warrant follow up. The exciting aspect of this potential discovery is that the area has not been drilled in the past. Also the proximity to the Company’s other properties in the Pilbara region in Western Australia. We will be keeping an eye on Novo as there are a couple potential great drivers to the stock.
Could be sell the news. Could be the algo hits on the miners in general coupled with sell the news. Profit taking thrown in. Or maybe the MMs cousin wanted a good buy. Who knows.
Wonder why NSRPF plunged this morning on the news? Any geologists out there who can explain?