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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Post by GoNovo2014on Sep 16, 2020 4:20pm

230 Views

Post# 31569095

Tx, responses from QH and BM over in CEO

Hi Tx,

WisGuy1 posted these over on CEO this morning.

GoNovo2014

@WisGuy1 QH response to Tx post : "We are upgrading the gravity circuit on the mill with a much larger Knelson and Acacia unit. We expect considerable coarse gold based on our GRG work and trial mining exercise. If we capture the coarse gold before it gets into the tanks, then we are fine. Otherwise, it takes considerable time to dissolve coarse gold in a CN solution. The $64K question is grade. Our resource estimate is solidly conservative. Will we see upside like the trial mine? The mill will soon give us that answer. As for sorted concentrates coming into the picture (Karratha, BC or other), that will be in a while after we have done field testing. Once they do, however, these could provide a significant boost to production."

@WisGuy1 BM response to Tx: "My guess is 2.0 g/t to 2.8 g/t. Regardless of the head grade of the material, a lot of dirt gets picked up. I don’t think the sorted gold will be any factor. You have concentrated the gold by sorting. I don’t think you use it to upgrade the feed. BC has lots of economic gold without sorting."

@WisGuy1 QH response to Tx post : "We are upgrading the gravity circuit on the mill with a much larger Knelson and Acacia unit. We expect considerable coarse gold based on our GRG work and trial mining exercise. If we capture the coarse gold before it gets into the tanks, then we are fine. Otherwise, it takes considerable time to dissolve coarse gold in a CN solution. The $64K question is grade. Our resource estimate is solidly conservative. Will we see upside like the trial mine? The mill will soon give us that answer. As for sorted concentrates coming into the picture (Karratha, BC or other), that will be in a while after we have done field testing. Once they do, however, these could provide a significant boost to production."

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