Economic Geologist Quinton Hennigh on Novo Resources, prospector Mark Creasy and the gold juniors he likes today

To follow the smart money in junior gold stocks is to subscribe to Brent Cook and Quinton Hennigh's Exploration Insights newsletter. Ten days ago we caught up with Brent and today we've got Quinton on the line to tell us about his latest opportunities. Jump to the audio here ->

Quinton with Daniela Cambone in Denver. Photo: Kitco

This afternoon's conversation with Quinton arose after an email exchange with 321Gold's Bob Moriarty yesterday. Bob said that the theory of Peak Gold might be bogus if Quinton's Novo Resources has their way. Novo is chasing a lead in Australia currently that could be the next Witwatersrand, South Africa's mother lode and the world's richest gold field.

"The parallels are somewhat spooky in how close these two systems are. It's speculated that [the Witwatersrand and Novo's ground] once formed a contiguous land mass.... It's indeed the broken half of South Africa."

Novo's properties. Click to enlarge

Novo has quickly come up with a resource of over 400,000 ounces of gold, but it's just the beginning of something that could prove to be much much larger, Quinton tells me, with less than 1 square kilometer of his 1800 km²project having been explored to date. "The project is something akin to a coal seam, and these rocks could project outwards... My queasy gizzard is feeling better about suggesting this could underlie tens of square kilometers... It sounds absurd but this could be the beginnings of a major gold discovery."

In the 22 minute conversation Quinton provides an overview of the company and its potential, and also an insight into the famous prospector Mark Creasy, whom Novo optioned the property from (12:30). Creasy is a legendary mining character who, while working on his own, built an empire and personal fortune by coming up with ideas, staking ground, and optioning projects to other companies. Quinton also outlines the typical Mark Creasy deal (16:00).

We also asked Quinton to name a few resource companies that deserve more attention from today's market (20:36). He hesitated, but offered Roxgold, Dalradian, and Pretium Resources as suggestions of companies he's interested in. Investors who really want to know what Quinton's thinking should subscribe to Exploration Insights ($140 per month here).

Without further ado, here is our full conversation with Quinton. If you find it interesting or valuable feel free to hit the share buttons above or below.

Play Interview with Quinton Hennigh, Economic Geologist (MP3 link)

To learn more about Quinton, visit NovoResources.com ->

Disclaimer: The comments and opinions expressed herein reflect the personal views of Quinton Hennigh and Tommy Humphreys. Nothing in this article or audio interview should be construed as a solicitation to buy or sell any security. All investors should do their own due diligence and consult a licensed investment advisory before making any investment. We seek safe harbor.

Tommy Humphreys

Tommy Humphreys, 30, is an entrepreneur, investor and writer from Vancouver, Canada. He founded CEO.CA, a popular junior mining and Canadian finance blog, in 2012. He has been the president of Pacific Website Company Inc., a private marketing and web development company, since 2007. Tommy has authored articles for Globe and Mail, Financial Post and others. He speaks at select conferences. Reach him by email: tommy@ceo.ca. Follow him on Twitter: @TommyHump More →

Twitter: @tommyhump

tommyhump@gmail.com

Tommy Humphreys

Twitter: @tommyhump

tommyhump@gmail.com

Disclaimer:

Readers are advised that the material contained herein is solely for information purposes. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities. The information contained herein is based on sources which the publisher believes to be reliable, but is not guaranteed to be accurate, and does not purport to be a complete statement or summary of the available data. Any opinions expressed are subject to change without notice. The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. They may from time to time have a position in the securities of the companies mentioned herein, and may change their positions without notice. (Any significant positions will be disclosed explicitly. This article is not intended to meet your specific individual investment needs and it is not tailored to your personal financial situation. Nothing contained herein constitutes, is intended, or deemed to be — either implied or otherwise — investment advice. Thomas Humphreys, Pacific Website Company Inc., and other entities in which he has an interest, employees, officers, family, and associates may from time to time have positions in the securities or commodities covered in these publications or web site. We reserve the right to buy and sell such securities or commodities without notice to readers. While the information herein is believed to be accurate and reliable it is not guaranteed or implied to be so. The information herein may not be complete or correct; it is provided in good faith but without any legal responsibility or obligation to provide future updates. Neither Thomas Humphreys, nor anyone else, accepts any responsibility, or assumes any liability, whatsoever, for any direct, indirect or consequential loss arising from the use of the information in these publications or web site.

Forward-Looking Statements: This article may include certain "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the potential of the Company's properties are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements which speak only as of the date of this article. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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One thought on “Economic Geologist Quinton Hennigh on Novo Resources, prospector Mark Creasy and the gold juniors he likes today”

Doc Bill. says:

May 16, 2013 at 7:17 pm

Early earth had no free oxygen and the sea was very acidic.
When photosynthesis evolved billions of years ago the cyanobacteria produced oxygen from water. That caused oxidation of iron in solution to iron oxide sediment (rust), changed the highly acidic ph of the ancient seas, causing gold to precipitate out into the layers of dead algae, and finally allowed accumulation of free oxygen for the evolution of life as we know it. The precipitaion hypothesis of gold deposition is compelling. We can thank photosynthesis for the gold and for the oxygen we breathe. Good work Quinton!

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