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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

Comment by Redflameon Aug 19, 2020 7:56am
108 Views
Post# 31426963

RE:Taking Stock of "Sluice Fundamentals"

RE:Taking Stock of "Sluice Fundamentals"
What the next step is is to figure out the conglomerate grade on an area by area basis. Large bulk samples (expensive) at Purdy's/Comet will do the trick there. But what about the miles and miles of other exposed conglomerates? You can't tell the grade unless you do large bulk samples out in the middle of nowhere and if you can't tell grade then you don't know if it's profitable to mine. Especially under 20 feet of hard rock. I mean how far down dip can they go and still be profitable? Not far at the grades shown at Purdy's/Comet wells. I'm leaning towards the idea that the conglomerates under 20 feet of hard rock won't be profitable to mine on a large scale.
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