Tibooburra Project Update: RC drilling to commence as Novo forms unincorporated Joint Venture with Manhattan Gold - $NSRPF.US $NVO.TO $NVO-WT.TO

From claim to mine

1. GrassrootsClaims staked, maps, soil samples, geophysics. Most gold juniors live here.
2. DrillingThe first holes test the target. Results come as metres at grams of gold per tonne.
3. ResourceEnough holes to estimate ounces under NI 43-101.
4. StudiesPEA, then pre-feasibility, then feasibility: what a mine would cost and earn.
5. Permits and financingEnvironmental approval, community agreements, the money to build.
6. ProductionFew juniors get here alone; most sell to a producer on the way.

Where juniors list

TSXV

TSX Venture Exchange. Home to more early-stage miners than any other market.

CSE

Canadian Securities Exchange. Lighter listing rules, many grassroots explorers.

TSX

Where juniors graduate once they have a resource, a study or production.

ASX

Australia's market, the other big home for exploration companies.