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Strategies & Market Trends : Ride the Tiger with CD

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From: Valuepro10/22/2021 11:07:33 AM
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More to Novo -

Novo has amassed a tenement package in the Pilbara that combines for a whopping 13,250 square kilometres. More than 20 drill targets within trucking distance of Golden Eagle have been identified at the tenure.

The company recently approved an expanded exploration budget that will see a serious 25,000m of drilling test high-priority and near-mine gold targets by year’s end. The drill program is looking to unearth more ore for the Golden Eagle mill.

Interestingly, Novo is utilising an exciting new way to assay its drill samples where a purpose built “Chrysos PhotonAssay” machine from Intertek is used to deliver assay results within just days rather than weeks.

The new system essentially “radiates” the sample to produce a grade and is considerably less time consuming than the cumbersome fire assay type system.

thewest.com.au


The above excludes mention of other holdings elsewhere in Australia and part of a new company that is pioneering 3-D printing of high-tech specially metals products, mostly for the aerospace industry. They also own 10+ percent of New Found Gold.
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