EXPLORATION & DEVELOPMENT

Novo flags need for larger Pilbara samples

WHILE ASX partner Artemis Resources has hailed a “very positive (exploration) update” from its 50:50 Canadian partner at the Purdy’s Reward conglomerate gold prospect in Western Australia’s Pilbara, shares in Novo Resources were sold down nearly 28% in Toronto by rather less impressed investors.

Michael Quinn
Novo flags need for larger Pilbara samples

On the plus side the update claimed the prospective conglomerate sequence has continuity, but on the negative, it suggested that sampling to accurately ascertain grade may require samples “weighing several...

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