Novo: Enters Into Agreement to Acquire Option Over Bellary Dome Tenement in Southern Pilbara
CLICK HERE to read the full news release.
Snippet:
VANCOUVER, British Columbia, June 12, 2020 (GLOBE NEWSWIRE) — Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has entered into an option agreement (the “Option Agreement”) with Bellary Dome Pty Ltd (“Bellary Dome”) for the option (the “Option”) to acquire the gold rights in exploration licence 47/3555 (the “Tenement”) located in the Southern Pilbara region of Western Australia
HH, with this deal, what does that bring the total area (km sq) of potentially gold-bearing gravels to?
Bob Moriarty recently mention 2,000 km sq.
I have to admit I’m getting a bit worried –
If Novo was producing even small amount of gold or nearing production I may feel better but isn’t this diverting attention from the point of the company – produce gold sooner rather than later?
Sorry but I’ve been here before with other companies that lost focus on what they are doing – management appears more concerned about deals and size than cost and profitability.
Thanks for all you do –
Mike