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Novo drilling within weeks

Novo Resources’ (TSXV: NVO) rollercoaster share price ride of the past month is likely to continue as it starts deploying funds from its bulging treasury at a rate of up to C$2 million a month on the search for a Witwatersrand-style gold in Western Australia’s Pilbara region. “The money that we’ve raised gives us the latitude to go ahead and tackle this thing in a very aggressive way,” president Quinton Hennigh said on a Mining Journal Americas podcast.

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Gold nuggets in “matrix material” from the Comet Well and Purdy’s Reward area in north-west Western Australia

A site visit a few weeks ago by Kirkland Lake Gold geologists was enough to convince the C$3.

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