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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
Post by Redflameon Sep 03, 2018 10:28pm
306 Views
Post# 28557119

Most Informative

Most InformativeQH's July interview with the kereport is worth listening to again.  One of the comments is stunning.  At the 18 minute mark, QH states that 99.9% of the gold is contained in the matrix between the cobbles and boulders.  I would guess that screening out the cobbles and boulders by trommel would significantly reduce waste and processing cost.  In addition, per QH, the bulk samples results we are expecting will include gold from the cobbles and boulders which is .01% of the gold.  If you have a 10 gpt overall bulk sample result, then the matrix between the cobbles and boulders contains 20 gpt which is what you would run thru the crushers and plant.  If you think about it, the cost of producing an ounce of gold from the upper conglomerate could be less than $100 an ounce.

https://www.kereport.com/wp-content/uploads/2018_07_12-Quinton-Novo.mp3 
Bullboard Posts