Novo Resources – Answering All Your Questions on Exploration Moving Forward

February 17, 2018

Due to the huge amount of interest we received when I posted the Novo Resources (TSX.V:NVO & OTCQB:NSRPF) news earlier this week I had an extended conversation with Quinton Hennigh to answer all of your questions. We recap the news from Wednesday and dive further into the exploration plans and significance of recent drilling at the Comet Well Property.

We cover a lot of material so this is a longer interview (almost 25 minutes). Please email me with any additional questions you have for Quinton.

Click download link to listen on this device: Download Show

Click here to visit the Novo website and read over the recent news release.

    Feb 17, 2018 17:58 AM

    Thanks, guys.
    Hi Skeeta.

      Feb 17, 2018 17:39 PM

      Hi CFS,
      Where in the World are you presently?

        Feb 17, 2018 17:41 PM

        Thanks for the show as always fella’s.
        Much appreciated.

        Feb 19, 2018 19:19 AM

        Enjoying wine country, California.

          Feb 19, 2018 19:25 AM

          But my body is probably on about mid-Atlantic time.

            Feb 19, 2018 19:01 AM

            Next Valentine’s Day I will be in New Zealand or flying from N.Z. to Australia, if health permits.

    Feb 17, 2018 17:32 AM

    I would like to know if Novo is working with De Grey. I thought they were in the same area at Comet Wells, but maybe I’m wrong. Gary Thanks

      Feb 17, 2018 17:50 AM

      I would be happy to tender my De Grey shares to Novo for 1 tenth of a share of NSRPF for ea share of NSRPF.

        Feb 17, 2018 17:15 AM

        I meant to say I’ll tender 10 shares of De Grey for each share of Novo. Is that a deal, Quinton?

          Feb 17, 2018 17:48 AM


            Feb 17, 2018 17:20 AM

            JohnathonC post on HotCopper Pioneer Resources Ltd . -Recent drilling at Pioneer Dome has identified both high grade Lithium and Caesium. The high grade Caesium prospect has been named Sinclair Zone, and the Mine planning and permitting is ongoing with view of mining in 2018.

            JohnathonC writes:

            I get contacted by so many people everyday that I decided to post one last time and try and answer everyone’s questions as best as I’m allowed to do so. People post through there pockets on HC and they cant believe anything different that may cause them to actual believe they may lose there money well some people will get a shock. When I found Purdys and Comet Well it was 1km at Purdys and 7km of Comet Well and it was obvious to us that Comet Well was bigger and fatter hence why I told everyone to wait until we get to Comet Well and believe me it’s just beginning. We were in trench’s looking at the gold at the power line 12 months ago and there are more areas just like that but the guys need to do one area at a time and prove this thing. PIO to me has some interesting things on the go but I don’t see them as the conglomerate type of company as they have better minerals worth pursuing and should go into production sooner rather then later with more then one customer. DEG are a good shot at present, cheap share price and a few areas on the go, it wasn’t that long ago we flew over them working on a lease they’d picked up towards station peak and by all reports there going alright. Coziron is building up that’s all Ill say but they have a interesting future. Someone asked why isnt any work happening in the basin? Well there is, and we have found other areas of conglomerate gold and Novo hold those leases. There is so much I can’t comment on and comments people just wouldn’t like to hear anyway. So people if you want a question answered email your CEO I’m sure you can trust them……. ……. For me I have waited over 12 months for Novo to enter Comet Well and knowing Quinton I trust him 100% and like I saw the power line all that time ago I know there are other areas just like it along strike but for now I’m now enjoying being 70km away looking at the same type of gold so how big is this thing?
            How many company’s have it?
            Good luck to us.


            Feb 17, 2018 17:35 AM

            Silica Hills Region _ Artemis

            Another place to pick up knowledge in the Geo space…the other side of the coin cannot be completely discounted.

            @DanO @CriticalInvestor Purdy’s is the richest part so expect good news coming from there (they know very well what and especially where to dig to get good results). But it is not the 10s Moz gold that many dream about. If you’re late to the party better understand that. Promoters are in full swing on the chat promising you untold riches. You better do your own dd.

            @Dunite @CriticalInvestor, You have a few like stocksluice that just do not get it….This is a placer derived from hardrock sources up slope. I said the former repeatedly on the NOVO board.. The final nail in the Wits-2 coffin is the lack of Vanadium in the matrix between the cobbles. QH did the science of Geology a disservice by trying to change 350 years of proven Gold ore formation— Hard rock Gold Veins form in mountain building events, erode, and form placers…There will be a greenstone or Komatiic source for the gold found. @Dano is leaning towards the silica HILLS region…


            Feb 18, 2018 18:19 AM

            Markedtofuture – Thanks for those thoughts from JohnathonC on Purdy’s & Comet Well.

            It reads that he is most interested in Comet Well, which seems to be panning out since they now have the wider conglomerate there, and then now the 2nd older layer of conglomerate down below. Is Pioneer adjacent to Comet Well?

            What other companies are near Comet Well?

            Also it doesn’t sound like @DanO or @Dunite believe the biogenesis theory and instead are convinced that Purdy’s is still a “placer” deposit brought down from the mountains or Silica Hills and then washed by the alluvial tides. It was an interesting point raised about the lack of Vanadium found.

            All very interesting to consider and thanks for sharing those differing views.

            Feb 19, 2018 19:15 AM

            here is the map
            you can see where PIO is

            Feb 20, 2018 20:42 PM

            Thanks for that map terry. Very helpful, and it put the position I have in Kairos Minerals in a better light than I initially realized.

            Yes, I read DanO’s and Dunite ‘s comments from the geo perspective, but I take everything with a grain of salt. DanO has made statements about other companies that aren’t exactly correct and don’t add up so, for being so critical of companies fatal flaws they make a fair amount of assumptions and jump to conclusions that are often equally out of wack. I don’t believe they’ve changed their tune much on their thinking regarding the Pilbara gold rush, and they believe the whole thing has been over-promoted and is going to be difficult to prove up an economic way of mining things.

            This is why the idea of trial mining with the pilot plant makes sense to just put all these ideas to rest and see what comes of actual mining. The exploration and development in the Pilbara will continue to be an interesting story to follow in 2018.

            Feb 21, 2018 21:11 AM

            Excelsior, you are very welcome.
            I am not a fan of DanO, just not used to person who are rude.
            And thank you very much for sharing your investment experiences.

          Feb 17, 2018 17:35 AM

          I might even tender 12 or 15 shares of De Grey for one share of Novo.

            Feb 18, 2018 18:10 PM

            Excelsior, PIO is not adjacent to CW. It has land nears DEG.
            DanO’s comment was from last year before this interview. No idea if he has changed his view. Dunite has new postings on CEO recently.

    Feb 17, 2018 17:09 AM

    a BIG thank you to the KER crew, for all you do.
    Hi CFS….HI Skeeta.

      Feb 17, 2018 17:49 AM


      Feb 17, 2018 17:44 AM


      Feb 17, 2018 17:55 PM

      Hi back at you irishtony,
      Be in your side of the world on a couple of weeks.
      I’m currently in shorts, a singlet & bare feet drinking beer by the pool.
      Think I’ll have to rug up a bit before visiting your shores though.

        Feb 18, 2018 18:13 AM

        Skeeta – Yep, ya better step it up a notch for the European trip. IrishT will introduce you to the queen and there will be a lot of pomp & circumstance….. 🙂

      Feb 17, 2018 17:22 AM

      Without the knowledge or approval of Congress, the Federal Reserve had made $16.1 trillion cumulatively in almost zero interest rate loans from 2007 to mid 2010 to bail out the big Wall Street banks and their foreign counterparts.

        Feb 17, 2018 17:24 AM

        In 2016 the GAO released a report showing that during the Obama administration lawsuits by persons who were unable to obtain Federal records that they believed belonged in the public domain

          Feb 17, 2018 17:31 AM

          All of the above occurred under the Obama administration. It’s getting worse under President Trump. Yesterday Bloomberg News reported that the SEC is now settling cases against banks and hedge funds without issuing press releases as it has historically done, ostensibly to save the firms embarrassment and deny the public the ability to see that wrongdoing continues unabated on Wall Street despite the huge fines following the financial crash. Last month, Susan Antilla and Gary Rivlin wrote an in-depth report for The Intercept showing how Trump’s SEC is allowing more secrecy in what Wall Street itself has to report to the public.

            Feb 17, 2018 17:32 AM

            Now the U.S. Treasury, headed by the former foreclosure king, Steve Mnuchin, has announced it plans to hold a secret meeting of the Financial Stability Oversigh

            Feb 17, 2018 17:33 AM

            Given the financial devastation to citizens from that collapse, the public has every right to know about any new financial stability threats facing the nation.

            Feb 17, 2018 17:34 AM

            Sitting in on that secret meeting will be representatives from the super secret Federal Reserve that took the elected members of Congress out of the loop as it spent years secretly funneling $16 trillion to Wall Street and foreign banks. Also present will be a representative from the increasingly secret SEC as well as other highly conflicted Federal regulators of Wall Street. The SEC will likely be represented by its Chair, Jay Clayton, who we previously reported had represented 8 of the 10 largest Wall Street banks in the three years prior to his assuming his SEC post last year.

            Feb 17, 2018 17:36 AM

            America the two worst financial and economic crises in its history: the 1929-1932 and 2008-2010 Wall Street collapses and ensuing economic calamities. These occurred from well-documented illegal acts by Wall Street firms as their Federal regulators wore blindfolds.

            Feb 19, 2018 19:58 AM

            This sounds kinda bad, but Trump is so incredibly talented that I have to believe this is just part of his 3D-chess strategy to single-handedly save the day and rescue us from the banksters–no informed, organized citizenry required.

        Feb 17, 2018 17:42 AM

        The federal reserve doesnt need the approval of congress.

          Feb 17, 2018 17:51 AM

          better read the article……..

            Feb 17, 2018 17:06 AM

            GOOD POINT …….The most dramatic example of this was the fact that the Federal Reserve Board of Governors, designated an independent Federal agency and subject to FOIA laws,

            Feb 17, 2018 17:13 AM

            DEFINITION of ‘Office Of The Comptroller Of The Currency – OCC’
            A U.S. federal agency that serves to charter, regulate and supervise the national banks and the federal branches and agencies of foreign banks. The Office of the Comptroller of the Currency (OCC) is headed by the Comptroller of the Currency, who is appointed by the president and approved by the Senate.

            Next Up
            STATE BANK
            NATIONAL BANK
            BREAKING DOWN ‘Office Of The Comptroller Of The Currency – OCC’
            Founded through the National Currency Act of 1863, the OCC monitors banks to ensure they are operating safely and meeting all requirements. In particular, the OCC monitors capital, asset quality, management, earnings, liquidity, sensitivity to market risk, information technology, compliance and community reinvestment.

            The OCC is an independent bureau within the Department of Treasury. Its mission is to “ensure that national banks and federal savings associations operate in a safe and sound manner, provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations.”

            Feb 17, 2018 17:25 AM

            The Constitution also grants Congress exclusively the power to appropriate funds. This power of the purse is one of Congress’ primary checks on the executive branch.[1] Other powers granted to Congress include the authority to borrow money on the credit of the United States, regulate commerce with foreign nations and among the states, and coin money.[2] Generally both Senate and House have equal legislative authority although only the House may originate revenue bills and, by tradition, appropriation bills.[3]

            Feb 17, 2018 17:28 AM

            IF, the FED stone walls the OVERSIGHT COMMITTEE , they have Breached the Law….jmo

            Feb 17, 2018 17:29 AM

            AND the FREEDOM OF INFORMATION act………jmo

            Feb 17, 2018 17:38 AM

            Senator Elizabeth Warren, acting as a watchdog for the public, has consistently been denied access to Wall Street documents. On April 11, 2013, Senator Warren indicated at a Senate hearing that she had been stymied in her attempts to gather documents from the Federal Reserve and Office of the Comptroller of the Currency (OCC) to carry out the Senate’s oversight function. Warren stated:

            Feb 17, 2018 17:41 AM

            FED BONDAGE>>>>>>OVER $21 Trillion………and there is no accountability ……

            Feb 17, 2018 17:05 AM

            Laws just dont seem to mean much.

            Looks to me we are kinda fascist, dictatorship.

            Maybe its some kind of board ruling .

            Laws seem to have a limited influence.

            Horrible thing to say, but the nazis fixed pretty much everything economically in 3 years after evicting the banks, masons etc.

            I know, saying that is antisemitism, o well.

            As long as we do not take the same action, we are serving those entities.

            Feb 17, 2018 17:06 AM

            Defending the Constitution……..against domestic enemies………

            Feb 17, 2018 17:08 AM

            The General Public ……….has been asleep at the switch, and down right stupid, and lazy.

            Feb 17, 2018 17:27 AM

            People are sheep, they want to be led, they dont want to think.
            Its plain human nature.

            How many people know how the germans got so wealthy so fast?

            How many people know how excited Jackson was for eliminating the banks? or why?

            How many people understand what jfk was talking about when he spoke of secret societies?

            Its just human nature, then throw in the understanding of saying something often enough and loud enough and it becomes a truth people dont question.

            The Rothchild woman..”If my sons want it, there will be war, if not, there wont be”.

            Goyim are born only to serve, without that they have no place in the world.

            How often is it said people are sheep?

            Feb 17, 2018 17:47 AM

            All good questions, …but, it begins with Education, and the desire to learn, and how many what to learn…

            Feb 17, 2018 17:47 AM

            what to want

            Feb 17, 2018 17:10 AM

            Yup, it begins with education.
            Now, who is it that runs the education system?

            Feb 17, 2018 17:15 AM

            Why…..who would ever guess……BIG BROTHER GOvt…. 🙂
            SELF EDUCATION…..out side of the system is the only true education anyone is going to get, other wise , you are the SLAVE TO THE SYSTEM>

            Feb 17, 2018 17:32 AM

            OWl…..might think twice about eating 32 oz of steak, or even splitting it with the better half.

            Feb 17, 2018 17:55 AM

            Try communism by the back door part 9 u tube.

            Feb 17, 2018 17:00 PM

            It makes a good point, that if americans were to ever find out that 911 was an Israeli operation, the U.S. would eliminate Israel.

            Lucky for Israel even thinking such a thing is antisemitism.

            Feb 17, 2018 17:31 PM

            b: “How many people know how the germans got so wealthy so fast?”

            I get the sense that people in high places made sure they had access to adequate funding and technology. Not simply a matter of kicking bankers out, as some argue. I’m no historian, just piecing things together bit by bit…but it sure looks tidy, the way powers in the West ensured Hitler would be very well armed for a war of mutual destruction with the Soviets…whom the West also appears to have given financial and technological assistance….

            Feb 17, 2018 17:21 PM

            does make ya wonder GH.

            Wealthy swiss backed the nazis, Im sure there were others, american companies sure did, up until germany declared war on the states, some continued with what they had in Germany.
            The catholic church was arm a in arm with the nazis.

            After the war, Im sure any record of support was destroyed, which might be why its a tuff thing to find out about accurately.

            Feb 17, 2018 17:39 PM

            My mistake, it was sweden that backed the nazis.
            swiss were neutral.

        Feb 17, 2018 17:30 AM

        These bankers have a lot of expenses on their summer homes in the Hamptons and Aspen.

    Feb 17, 2018 17:37 AM

    The American public has only two choices today: allow the Trump administration to draw this dark curtain ever tighter around the actions of Wall Street and face another guaranteed financial system collapse; or march on Washington in mass protests until this era of robber baron secrecy ends.

      Feb 17, 2018 17:38 AM

      END THE FED>>>>>

        Feb 17, 2018 17:53 AM

        End Federal Income tax, end the FED, and end the need for accountants.

        Just move it all to a consumption-based flat tax, and that way the same wind blows on us all. It wouldn’t matter if people were trying to dodge paying their income taxes if it was 9-10% on every purchase regardless of size. Whether it is a cup of coffee or a private jet just make it, and whether they are an illegal immigrant or a lifetime citizen, everybody pays the same at the cash register.

        Pretty simple.

          Feb 17, 2018 17:31 AM

          Act of 1871… always a good read……

            Feb 17, 2018 17:32 AM

            Federal Income Tax is totally bogus……along with REAL ESTATE TAXes…..

            Feb 17, 2018 17:35 AM

            House of Roth……..has enslaved the planet ………….but, everyone here already knows that, I think….. 🙂

            Feb 17, 2018 17:16 AM

            Im not so sure, Al doesnt seem to.

            Beliefs are a tuff thing to change.

            Feb 17, 2018 17:20 AM

            Which Part…….does he not believe?

            Feb 17, 2018 17:45 AM

            Rothchilds are running things, the 911 architects and engineers, pedophilia in the church right up to the pope. etc

            Maybe Im wrong, but from comments thats how he seemed to come across to me.

            Feb 17, 2018 17:49 AM

            Thanks……got ya…..

    Feb 17, 2018 17:50 AM
      Feb 17, 2018 17:34 PM

      -1hedge Jerry 😉

        Feb 17, 2018 17:35 PM

        as in, ‘what comes before zerohedge?’ :-p

          Feb 17, 2018 17:50 PM

          Funny….I had to think about that one for awhile….. brain is on slow mo today….
          By the way…YOU SHOULD LISTEN
          Amendment to the Constitution…..

            Feb 17, 2018 17:55 PM

            This would effect the number of representatives to the HOUSE OF REPRESENTATIVES…
            rather than 435 members, it would expand the number to approx. 6000 reps. in the House
            No new members have been added since 1900. Article 1 is being a Law suit.

    Feb 17, 2018 17:17 AM

    FBI…..Mueller off on another angle……Bank Fraud…….He is going after the wrong guys

    Feb 17, 2018 17:59 AM

    Anyone have thoughts on Artemis Resources? Looks like it is only traded on the Australian Exchange so it is expensive to buy.

    Feb 18, 2018 18:25 AM
      Feb 19, 2018 19:07 AM

      Arizonans owe the nation an apology for continually inflicting the lowlife McCain on us all, when his despicable record is open for all to see.

        Feb 19, 2018 19:36 AM

        How about the nation of the united states giving an apology to the world?

        They are pushing in ukraine, supplying heavy weapons, they are occupying land in syria and still supporting isis, and work openly to prevent any process of peace between north and south Korea.

        Among other things of course, doing everything they can to move moslems to europe, pressing iran, making sounds like they intend to move into venezuala…where do ya stop?

        The moving moslems to europe makes me laff, the christians supporting Israel have the christians destroying the christian religion.(no not a funny laff, a shake my head laff)

        They have the world so twisted in knots people just dont know which way to even look.

        Nice pots getting legal tho.

          Feb 19, 2018 19:36 PM


          But it seems most Americans care far more about what happens inside the US, than about how the US behaves in the world. Few are as perceptive as General Lee:

          “The consolidation of the states into one vast empire, sure to be aggressive abroad and despotic at home, will be the certain precursor of ruin which has overwhelmed all that preceded it.” Robert E. Lee

    Feb 18, 2018 18:10 AM
    Feb 18, 2018 18:37 AM

    LNG..US Company inks long term deal with China…….CONTRACT WITH CHINA……

    Feb 18, 2018 18:14 PM

    Is anyone here interested in First Majestic at the current price, I don’t know who wouldn’t like this company but I believe it may slip below 6.49 CDN. DT

    Feb 19, 2018 19:42 AM

    Jeff Kern sounds an alert:

    Special SKI Report #199
    MAJOR Gold Stock Update

    “This is a MAJOR bearish warning Update due to extraordinary high-probability and rare SKI index signals and run patterns. The last SKI Report, warned that the prior 12/18/17 potential bull market buy signal had failed via a master 92-96 index sell signal and more ominously, the gold stocks (USERX) were approaching likely SIMULTANEOUS 221 and 442 index sell signals. The date was reserved for subscribers. THIS UPDATE LAYS IT ALL ON THE LINE in the hope of protecting gold stock investors. Good will is good karma, but few will “believe” the historical probabilities….”

      Feb 19, 2018 19:23 AM

      Interesting, another chart reader saying down we go.
      Bob was saying we go down just on sentiment I believe.

        Feb 19, 2018 19:28 AM

        Kern isn’t so much a chart reader as a statistician, but of course the stats are based on price action. I started following Kern because Bob Moriarty posts him at 321, and because Matthew spoke highly of him. As far as I can tell, he has a very good record.

        Feb 19, 2018 19:32 AM

        I can’t say I’m not disappointed to think we may have more months of consolidation ahead. But if so, so be it–I’ll keep paddling around out here in the surf ’til the big wave comes. A big wave down would be a fantastic opportunity–make $$ on the downside, to have more to buy at the bottom. Easier said than done, but I like to try :-).

          Feb 19, 2018 19:58 AM

          Might be a bit of a wait yet, the majority of people really arnt interested in PMs and the market could continue higher for awhile.

          Isnt bitcoin on its way back up too?

    Feb 19, 2018 19:02 AM

    EX…this is for you….thought you might add this to your info….(but, you might already have),

      Feb 20, 2018 20:46 PM

      Thanks OOTB. I have been out of commission lately, but just wanted to let you know I saw this and appreciated the thought.

    Feb 19, 2018 19:42 AM

    I must ssay, ‘President’s Day’ is one of our less inspiring holidays. A quick search tells me it is still officially ‘Washington’s Birthday’ which I guess is more inspiring. I’m more partial to a holiday dedicated to an event, idea or principle–e.g. independence or gratitude, rather than to a man. How about ‘National Critical Thinking Day’, or ‘Honesty’, or maybe a commemoration of ‘Jackson’s routing of the Bankster Den of Vipers’?

      Feb 19, 2018 19:09 AM

      ….Jackson was spot on……
      Wilson was minister’s son moron.

        Feb 19, 2018 19:33 AM

        Jackson Day definition, January 8, a holiday commemorating Andrew Jackson’s victory at the Battle of New Orleans in 1815: a legal holiday in Louisiana. See more.

          Feb 19, 2018 19:55 PM

          Trump has hung Andrew Jackson’s portrait in the Oval Office. And January 8 is also the birthday of Elvis, so it should be an international holiday as Elvis is loved around the world.

    Feb 19, 2018 19:03 AM

    lol, I can see that happening, a holiday commemorating Jackson putting the run on bankers.

    Might be a popular one actually.

    How do we get the idea to go “viral”?