Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

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.

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Novo Resources Corp > Permitting Egina

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Comment by Popeye82on Apr 25, 2021 4:59pm

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Post# 33064074

RE:RE:RE:Permitting Egina

BuckaneerIsland wrote:

Popeye82 wrote:

HuberPeter wrote:
Big scale alluvial mining is the business case at Egina. They have to dig up 2-3m without ni43-101. they close the pit instantly and replant it.

4km2 (current Mining license with 0,7 g/m3 and 1,5m depth will host only about 140k oz. If you want to have constant production you have to mine all the time.

My opinion is that they need about 1,5 g/m3 AVERAGE which would host about 7m oz for digging up 100km2. That's HUGE. 40% go to sumitomo.

current g/m3 in the swale is about 1,5/m3. But the the current 'high grade' swales are very thin.

sure; it's possible they will find a bigger swale with much higher grade. Otherwise it is going to hard to work.

Netherless:
Is it probable that they get a mining license for 100km2?

thanks for your assumptions.

peter

The Thing with "Egina alluvial" is:

its a nice Calc you did, yeah, but at the End you CAN'T RALLY CALCULATE IT THAT WAY.

Shareholders want Safety, Clarity, "All that", totally aware,

As you have No Clue what's in the "Rest of the Ground".

Earth didn't get the Memo, of your Calculation.

It is JUST in the Ground "what there is".

That is basically always "One of the Issues" in Discovery Stage, which Many, many regulary get wrong(experienced it "thousands of Times" already).

I bet you dont even know how many ozs are in a gm.

Bucc