Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 6,700 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. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed lithium joint ventures with both Liatam and SQM in the Pilbara which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.

TSX:NVO - Post by User

Novo Resources Corp

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Comment by goldencratonon Aug 25, 2019 9:35pm

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Post# 30064504

RE:RE:RE:RE:RE:RE:RE:RE:Hedgeless Horseman Novo Resources kereport interview

goldencraton wrote:

goldencraton wrote:

TXRogers wrote:

VenusVanDam wrote:

TXRogers wrote:

MarineJumper wrote: Can anyone comment on the equipment to be used for shallow gold or is it a customization where Sumitomo comes in?

Mining shallow gold can be easily accomplished with the surface stripping equipment that can be leased throughout Western Australia. That's not the challenge. It's the exploration and discovery of the mineable shallow gold that is the issue. And the potential technological solutions are being readily discussed in the Novo NRs and QH webcasts. Tx

Yep, and theres more money in leasing that type of equipment than in mining gold.

Venus.

Venus and Tx Lease Co.

West Kalgoorlie or bust. Why do things the hard way, when it's already available? https://www.oresorting.com.au/

Hi Tx,

Do you think these are the type of machines Q was talking about possibly using to mine Egina in his KE Report interview…

https://www.youtube.com/watch?v=eQYLuM-bfTE
They could chew through the Egina gravel's hard laterite cap that’s for sure. May work on the hard rock at Karatha too.

I would imagine the cutter drum could be adapted to scoop loose gravel, but do you think that would be more efficient than using scrapers or excavators?

Do you think it's possible to design a machine like this with an eddy current system "on board".
Would the eddy current work on larger gravel sizes?

Now that would just kick A$$. Pay gravel In one end and tailings out the other with all the gold nuggets in the box.

Fuk ya !

Cheers,

gc

This eddy current separator is on tracks already…

https://www.recyclingproductnews.com/article/27323/steelweld-strobe-ecs-1500-mobile-eddy-current-separator

If you beefed it up and had longer, wider tracks you could create a stable platform that could travel beside the surface miner. The surface miner could work the same strip to the bed rock (1-3 meters) back and forth feeding the following eddy current platform, leaving a smooth almost paved surface on the bed rock for the eddy current platform to travel on minimizing machine vibration and movement. The eddy current platform could discharge it’s tailings to the side as backfill.

From what I can tell eddy current separators can be set or configured to separate extremely tiny particles all the up to somewhere around 300 mm depending on the material…

https://buntingmagnetics.com/product/heavy-duty-eddy-current-separator/

If the surface miner crushed any larger rocks below the upper size threshold all the gravel could be run through one machine or one set of machines. No need to transport or screen the gravel, a huge cost savings...

In one end and out the other….Done.

No water...

Little or no environmental impact…

Easy rehabilitation...

Revenue of $50 US per m3 run at 1 gpm3 ($1500 us per ounce gold) minus costs of….$10 - $20 pm3…maybe.

Aboriginal clearance = a license for NVO to print money…real money.

Thanks Tx I half answered some of my own questions but I would still love to hear your thoughts.

gc