Pilbara minnows tank on Novo no-go

Original article by Paul Garvey
The Australian – Page: 28 : 28-Nov-17

Shares in companies targeting the Pilbara region of Western Australia for gold performed badly on 27 November. This followed an announcement by Canadian-based resources firm Novo Resources that the results of attempts to test conglomerate deposits at its Purdy’s Well tenement with a specialist drill rig had been "disappointing". Shares in its joint-venture partner Artemis Resources fell by 19.7 per cent, while Impact Minerals, De Grey Mining, Kairos Minerals and Marindi Metals all dropped by at least 20 per cent.

CORPORATES
NOVO RESOURCES CORPORATION, ARTEMIS RESOURCES LIMITED – ASX ARV, IMPACT MINERALS LIMITED – ASX IPT, DE GREY MINING LIMITED – ASX DEG, KAIROS MINERALS LIMITED – ASX KAI, MARINDI METALS LIMITED -ASX MZN

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