Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Sep 16, 2019 11:35pm
236 Views
Post# 30133827

RE:RE:RE:RE:RE:RE:RE:Lips......Commented on this:

RE:RE:RE:RE:RE:RE:RE:Lips......Commented on this:
tbnorthstar wrote:
goldencraton wrote:
TonyLip wrote:
goldencraton wrote:
TonyLip wrote:
MarineJumper wrote: No pollution solution, low cost, mobile. Nuggets vomiting off the conveyor. 

Winning IMHO

The downside is they dont catch all the fines. Cost benefit analysis.

Hot Lips Hooligan


Ok so if an “off the shelf” scrap metal sorting EC machine works that well for separating the gold from the Egina gravel…imagine how fast and efficient the next generation dedicated “Portable Eddy Current Gold Separator” will be...

 No doubt Q and Steinhart or ? will develop something like this over the next year or 2... and by then Q will have most of the lag gravel available for sale or staking under NVO control I would think…and he should also have enough data to start trial mining it…

Q will need some time to optimize the process and then …scale it up up up!
And every 2 or 3 years thereafter the technology will advance further constantly improving the bottom line.

2 or 3 years from now Beatons Creek and Egina will both be producing gold and generating revenue…allowing NVO to move the CW/PR type hard rock deposits forward toward production. That’s the vision the company is pursuing from my understanding of things.

Very…very exciting times ahead I believe.

gc
 
P.S. No fines in the current test area worth chasing by the sounds of things but that might change as NVO moves further out onto the greater terrace. Perhaps if there are fines further out, the sand portion of the gravel could be screened out and run separately...what thinketh you about that No Bologna Tony ?
 

Tony knows open pitting, and crushing gc. I’m no expert in milling. And I have zero experience with these sorters. I think you are right that technology is the key though. It just seems a shame to let the fines get away when 90% of the processing is done by the time it goes through the sorter. The gold zone has been identified, excavated, hauled, and crushed at that point. If not for the water issue I would say to hell with the sorters and just put it through a gravity circuit at that point. The rest of the processing has already been done. Then again we still dont know if its continuous. 

Tony Lip


Thanks T…no continuity proven yet no…

I would speculate that further out on the vast Egina terrace there must be numerous buried deep channels, gullies, crags and cracks that are 5 or 10 meters deep or more (not just the swales) where the gravel and gold has been worked and reworked numerous times by the oceanic sluice.  

Imagine the possible gold accumulations in the bottoms of these deep “pockets” if they exist…and they must…(1000 km2 + and growing).

Egina really does have the potential to be spectacular in places…and don’t forget the structural gold…

https://www.novoresources.com/_resources/images/Egina_model.jpg

Love to be on Novo’s Egina exploration crew right now.
gc

 


In the end it will be fine gold that is the big story. Yes, the nuggety gold will be vital as evidenced so far..but out there is the real good stuff...just wait and see. Little birdies do chirp once in a while....



Hi TB,

Are you talking Egina or the wider basin when you say the fines will be the big story in the end? I mean you have to wonder…most of these nuggets are smooth and water worn…much of the gold has been worked and reworked by terrestrial and marine processes over and over…that’s a lot of erosion…

Where is all the eroded fine gold?

Would it be pulled out into the deeper basin by tides, storms and episodes of rising and falling oceans over time leaving the heavier nuggets behind? However it happened, from what you say TB it sounds like NVO knows how it went down and where the fines are now.

I trust Q will tell us the story when the time is right. Hopefully not another year from now though.

gc

Bullboard Posts

USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse