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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

Novo Resources Corp. is engaged in evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. The Company explores and develops its prospective land package covering approximately 7,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. The Company operates through two segments: care & maintenance operations and exploration operations.


TSX:NVO - Post by User

Bullboard Posts
Comment by wwadehammeron Dec 11, 2017 2:51am
232 Views
Post# 27128641

RE:RE:RE:No mention of Processing Purdy's Gold

RE:RE:RE:No mention of Processing Purdy's GoldWe get somewhere around 30 tons of trenching bulk sample results in January.  Which leads up to where to process the 20,000 ton bulk sample?  20,000 tons is around 900 dump truck loads.  DL is setting up the mobile gold processing equipment at Radio Hill but posters say a lot of equipment needs to be added to process the conglomerates because of hardness.  That still seems like the fastest and cheapest way to process the 20,000 tons even if DL has to add some equipment..  Another alternative is to contract with an operating mill to process the 20,000 tons.  Don't have any idea how close a milll might be and what it would cost to truck it there plus process it.  Processing through a mill would give you a good idea of gpt recovery.

At this point, I don't see the start-up of the 20,000 ton processing for another 3 months minimum.  Don't see that as a problem as the 30 ton trenching bulk samples will be issued in a month and getting mining and environmental permits will take another year.  The results of the 20,000 ton bulk sample could be used to prepare a FS but that's also a year away at least assuming they don't skip that step and go straight to mining once permits are received.  
Bullboard Posts