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NOVO ENCOUNTERS HIGH GRADE AT BLUE SPEC

Cory
November 1, 2016

Novo Resources released some good drill intercepts at it’s 100% controlled Blue Spec gold project in Western Australia. Here are a couple of the key points in my eyes.

  • First assay results from the project (2 holes) with a total of 25,000 meters of drilling planned for Blue Spec and near by projects (20,000 meters of RC and 5,000 meters of diamond drilling). This is a good start with the grades reported.
  • Nice grades from both holes especially hole ‘004’ of 59.1gpt over 2.55 meters.
  • The grades in hole ‘004’ are of similar grades and thickness to nearby historic drilling. This is key to me because it give Quinton and the team the confidence to develop internal models (considering historic drill results) of the resource to continue their exploration.
  • A third drill has just arrived on site. We should continue to get news from the drilling throughout the end of the year which could help drive the stock.
  • Remember the Blue Spec project is just one property in a portfolio of project in Western Australia and one in Nevada that the Company holds a 100% or 70% interest in.

We will be having Quinton Hennigh on the weekend show to discuss the results. If you have any questions feel free to comment or email us at Fleck[at]kereport.com

For more information and to read the full news release click here.

Discussion
7 Comments
    Nov 01, 2016 01:55 PM

    Go Dr. Q go, I should have been a cheerleader but then I just can’t see me with pom-pom’s or doing a cartwheel! DT

    CFS
    Nov 01, 2016 01:27 PM

    Comparable to the US F-22 and F-35 fighter jet, a J-20 fighter was shown at Airshow China in southern city of Zhuhai.
    J-20’s swept over dignitaries, hundreds of spectators and industry executives gathered at the show’s opening ceremony.
    Bradley Perrett of Aviation Week: “It is clearly a big step forward in Chinese combat capability.”
    State-owned Commercial Aircraft Corporation of China (COMAC) estimates Chinese market will need 6,865 new aircraft worth $930 billion over the next 20 years.
    Boeing Co and Airbus Group matched the COMAC forecast: China would make up almost 1/5 of global demand, 40,000 planes over the next two decades.
    Analysts: Brief and relatively cautious J-20 routine answered few questions, pilots did not open weapon bay doors, or perform low-speed passes.

    CFS
    Nov 01, 2016 01:30 PM

    The Chengdu J-20 incorporates the latest stealth technology, borrowed from America.

    CFS
    Nov 01, 2016 01:36 PM

    Another nail in the petrodollar coffin:
    Ant, Alibaba Group Holding Ltd’s online finance arm, will offer its insurance and investment management products outside of China, senior vice president Douglas Feagin said at an event to mark a tie-up with Thai payment firm Ascend.
    The Thailand deal marks Ant’s first significant expansion effort into foreign payments in Asia since last year’s partnership with India’s PayTM, which raised over $500 million in a financing round, led by Alibaba in September.
    Ant’s payment platform, Alipay, has been battling with major local rival Tencent Holdings Ltd, whose Tenpay has also been making an overseas push by targeting thousands of retailers particularly around Asia.

    CFS
    Nov 01, 2016 01:40 PM

    The Obama administration announced a rule last week that threatens to strip federal contracts from religious relief organizations and charities that adhere to traditional views of gender and sexuality, continuing a trend of governmental hostility toward religion.
    Hillary steals from Haiti.
    Obama won’t help Christian charities in aiding Haitians.

    CFS
    Nov 01, 2016 01:54 PM
      Nov 02, 2016 02:00 AM

      CFS – Thanks for the Aden sisters post.