The Red Cloud Klondike Strike Inc report back in late April read:
Novo Resources announced preliminary results from its larger bulk sample program at Comet Well, and
while the market appears to have expected grade, a rough estimation of grade and location of the sample
are very encouraging in our view.
• Based on the limited data provided sample is likely to grade ~15-40 g/t, excluding the fine gold
component
• Good results, off the basal contact important resource development and mining
• Final grade results expected end of May; results likely to be steady after that
I guess the announcement fell short of their estimate. Looking forward to reading THH's take, once the traffic dies down!!
NOVO halted, page-77
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