Geologist Eric Saderholm and venture capitalist Warwick Smith started looking for a mining project to collaborate on two years ago.
The pair had worked together for five years at Western Pacific Resources (TSXV: WRP), which Smith co-founded in 2009, and where Saderholm served as president, before they brought in a financial partner and management team to run the company in 2014.
“It was a great partnership and we think we have different skill sets that match up quite nicely, so we kept in touch over the years,” Smith says of his colleague Saderholm.
After their stint at Western Pacific Resources, Smith took some time off while Saderholm rejoined Newmont Mining (NYSE: NEM) as the major’s exploration manager for the western United States. He had previously worked for Newmont for 12 years.
When the men learned in mid-2017 that Novo Resources (TSXV: NVO; US-OTC: NSRPF) might option its wholly owned Tuscarora project at the foot of Mount Blitzen – 50 km northwest of Elko, Nev., and 35 km northeast of the Carlin trend – they jumped at the chance.
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