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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

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

Bullboard Posts
Comment by goldencratonon Aug 26, 2019 12:15am
94 Views
Post# 30064697

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Hedgeless Horseman Novo Resources kereport interview
goldencraton wrote:
TXRogers wrote:
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



 


Need to get all these machines in Oz modified so that they are more "user friendly" , and the locals can be inspired to use them: https://m.youtube.com/watch?v=HbpP_OlsUz0


Don’t worry Tx…

In the not too distant future …

After the shallow cover and flora has been lifted and saved….

One piece of equipment will excavate the gravel, separate the gold and backfill the tailings…

Running autonomously (no OZ personal needed) and continuously 24/7…

Each processing 50 or 100 m3 per hour (just a guess) at a profit of $30 + US  pm3…

Scale that up…

x 10…
x 100…
x 1000…

No Viagra needed here….no sir.

Auto beers all around boys and girls.

Fuk ya !

gc




And Sumitomo's $30 million US to make it all happen...

It's like learning math...one day it all just clicks...

Fuk ya !!
 
gc
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