The company’s stock nearly tripled from 96¢, only to gain another 33¢ to $3.15 per share on Aug. 8, when assay results of a 700-kg bulk sample delivered 87.8 grams gold per tonne and 46.1 grams per tonne.
The sample represents the top metre of an 11-metre thick stacked sequence of mineralized conglomerates, similar in style to deposits seen within South Africa’s 1.5 billion oz. gold Witwatersrand Basin.
“It’s still early days, but this is certainly a great start,” Quinton Hennigh, president of Novo, tells The Northern Miner during a phone interview. read more of Lesley Stokes interview with Hennigh at The Northern Miner