Company Updates From Management – Sun 25 Aug, 2019

Novo Resources – More information on the recent Egina bulk sample

Novo Resources (TSX-V: NVO & OTCQX: NSRPF) released results from a bulk sample at the Egina Property last Thursday. The headline numbers include “Metal detecting and gravity processing of 281.9 cubic meters of surface lag gravels yielded a total of 292.38 grams of coarse gold nuggets. Of particular note, sample EGBS016 yielded 118.59 grams of gold nuggets from 80.3 cubic meters of gravel, and sample EGBS017 yielded 123.47 grams of gold nuggets from 66.8 cubic meters of gravel”.

Quinton Hennigh, President and Chairman joins me to answer some of your questions that came in on the back of the news releases as well as provide more information about what is coming next. We discuss the options for mining that the Company has as well as the overall strategy moving Egina forward.

Please email me with any questions you have for Quinton or I at Fleck@kereport.com.

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


Comments:
  1. On August 25, 2019 at 9:58 am,
    b says:

    Good update thx cory.

    Just for cfs.

    Rick Mercer Talking to american republicans Part 1

    These are the people voting for Trump, maybe take special note of the professor beginning at 5.28.

    Couldnt help myself its funny.

  2. On August 25, 2019 at 10:22 am,
    spacenormal says:

    Here is an elevation and river drainage map of the area. The coastline from karratha to port Hedland was an area that novo recently acquired. All those tributaries apparently are dumping gold from the highlands into the coastline area.
    https://tinyurl.com/yxglotnk

  3. On August 25, 2019 at 3:05 pm,
    OOTB Jerry says:

    Hello………..gold spiking……..up $18plus…..$1545……

    • On August 25, 2019 at 3:30 pm,
      OOTB Jerry says:

      $1553……..looking good…..

      • On August 25, 2019 at 6:19 pm,
        Excelsior says:

        Silver up to $17.70 – also looking good.

        This may be a fun start to the week in the miners.

      • On August 26, 2019 at 2:58 am,
        OOTB Jerry says:

        Well, it was looking good…………. 🙂
        The Art of the Deal…..do a lot of talking…… 🙂

        • On August 26, 2019 at 8:19 am,
          Excelsior says:

          That is for sure – The Art of the Tweet.

          Silver is still looking good though up to $17.73, and many of the Silver miners are responding nicely moving up this morning.

          • On August 26, 2019 at 8:38 am,
            OOTB Jerry says:

            We might have a new Tweety………… 🙂

          • On August 26, 2019 at 3:57 pm,
            Excelsior says:

            uh-oh…. 😮

  4. On August 25, 2019 at 4:38 pm,
    Marty says:

    The next 48 hours will be interesting if the cabal retaliates or not going into options expiry late in the week. Still holding going into the $1585 level, still recognizing Sept to be the strongest month for precious metals. One day at a time, for most of us.

  5. On August 25, 2019 at 4:53 pm,
    OOTB Jerry says:

    With world conditions……people have to be nuts….not to own gold…..

    • On August 25, 2019 at 5:49 pm,
      Chartster says:

      One would be nuts to buy now, IMO.
      Gold is going to drop because of ‘real economic reasons’.
      It won’t be manipulation when it drops.

      • On August 25, 2019 at 6:04 pm,
        OOTB Jerry says:

        And what would those be………‘real economic reasons’.

    • On August 27, 2019 at 3:47 am,
      OOTB Jerry says:

      On August 26, 2019 at 7:52 pm,
      Matthew says:
      Re:
      On August 25, 2019 at 5:49 pm,
      Chartster says:
      Gold is going to drop because of ‘real economic reasons’.
      It won’t be manipulation when it drops.
      —end—
      No, Chartster, it will drop for technical reasons and not for very long.

      I’m pretty sure you haven’t made one correct call about gold in all the years you’ve been here. For example:
      https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=1&dy=0&id=p20732072649&a=668461006

      Btw, whatever happened to the event you predicted for early July? You said something big was supposed to happen.

  6. On August 25, 2019 at 4:58 pm,
    OOTB Jerry says:
    • On August 25, 2019 at 8:17 pm,
      Excelsior says:

      Time to batten down the hatches….

      • On August 25, 2019 at 8:21 pm,
        Excelsior says:

        Sprott Gold Report – Minsky Moment

        By Trey Reik – Tuesday August 20, 2019

        “Gold is clearly responding to a global pivot by central bankers back towards concerted monetary easing, and the intractable nature of excessive global debt levels suggests we are in the very early innings of the developing easing cycle. In short, for gold this is the real deal and we suspect things are just getting started.”

        “At Sprott, our investment thesis for gold rests largely on the unsustainable nature of global debt levels. While investor consensus recognizes that debt levels are a daunting structural dilemma, the inability to predict either timing or method of inevitable resolution has long relegated debt concerns to the back burner of investor priorities.”

        http://sprott.com/insights/minsky-moment/

  7. On August 25, 2019 at 6:19 pm,
    Chartster says:

    Great question.
    Gold being put on the block chain (the gold no one is aware of) to back the currencies. The gold backed currencies.
    The same stuff no one believes…
    LOL

    • On August 26, 2019 at 2:55 am,
      OOTB Jerry says:

      do you have any articles to read , concerning your statement……..thanks…..

      • On August 26, 2019 at 3:20 am,
        OOTB Jerry says:

        Block chain and gold…..backed by the….Full faith of the Govt…….lol
        If, it is ran by the FED…..FORGET……….LOL

  8. On August 26, 2019 at 1:40 am,
    Marty says:

    Looks like the ESF has got the 3 piece ensemble playing feverously on the deck of the Titanic early this Monday morning. Of course, uncharacteristicly!

  9. On August 26, 2019 at 2:51 am,
    OOTB Jerry says:

    Jawboning brings gold back down……….China and Trump may or may not have a deal.

    • On August 26, 2019 at 3:09 am,
      OOTB Jerry says:

      https://www.zerohedge.com/news/2019-08-26/trump-says-china-wants-restart-trade-talks-china-denies-has-no-idea-what-trump
      Anyone keeping count……..first , they said …he did, then he didn’t, then he did, no they didn’t…

      • On August 26, 2019 at 3:10 am,
        OOTB Jerry says:

        Trump Says China “Called”, Wants To Restart Trade Talks; China Denies, Has No Idea What Trump Talking About
        Maybe, it is just jet lag…… lol

        • On August 26, 2019 at 3:13 am,
          OOTB Jerry says:

          There was just one problem: none of this actually happened least according to China.

          I Say………back to square one……………….lol

  10. On August 26, 2019 at 5:14 am,
    Dick Tracy says:

    Has GOT got it. There will be a lot of eyes watching this play, Goliath Resources. DT
    https://web.tmxmoney.com/article.php?newsid=5853532761421713&qm_symbol=GOT

    • On August 26, 2019 at 6:13 am,
      Dick Tracy says:
      • On August 26, 2019 at 6:43 am,
        OOTB Jerry says:

        The total aggregate number of shares shorted in the US since October 2018 is approximately 1.42 million shares. Approximately 64.38% of daily trading volume is short selling. The SqueezeTrigger price for all GOTRF shares shorted is $0.066. A short squeeze has begun in the US as shares of GOTRF have exceeded this level. I

        • On August 26, 2019 at 6:44 am,
          OOTB Jerry says:

          Good Name……….GOT YA…………lol

  11. On August 26, 2019 at 11:24 am,
    Matthew says:

    IMPACT Silver Announces Results of Successful Dense Media Separation (DMS) Study at Capire VMS Production Center
    http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190826:nCNWzpSrda

    • On August 26, 2019 at 1:24 pm,
      Excelsior says:

      Nice. I know Bayhorse Silver (BHS) has been using similar technology in trial mining before they go into production.