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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
Post by CometWellon Oct 24, 2017 7:52am
353 Views
Post# 26848957

Drilling considerations

Drilling considerationsI guess to many it may be quite obvious but I thought I would highlight why the large diameter drill is the tool of choice to determine grade. Looking at the sawn diamond core photo from the scout drilling update it looks as though the diameter of the core is only 95mm when going off the measuring tape above. That´s really quite small. The 17.5 inch (44.45cm) large diameter RC drill will take a sample over a much greater surface area - actually 22 times! The chance of hitting a nugget in this extremely nuggety conglomerate will essentially increase 22 fold.
A=π r 2       Diamond hole surface area = π times 4.75 squared
                                                               = 70.88 square  cm
          Large diameter RC surface area = π times 22.225 squared
                                                              = 1551.79 square cm
1551.79/70.88= 21.89 (22 times)

Considering that the sorted concentrate from the first bulk sample represents only 2% of the
overall sample weight and contained 82.6% of the gold, it is easy to see how important the large
diameter drilling will be in establishing a reliable picture of grade. Basically if you blindly put the
diamond drill on the same first bulk sample trench and drilled the chance of hitting some of the
good stuff ( weighted at 2% of whole sample) is very unlikely. I would expect the larger diameter
RC drill covering 22 times the surface area of the diamond drill will have a better chance to show
some gold and this is precisely the reason it is the tool of choice in determining grade. The
diamond drill is useful for other geological information but certainly has it´s limitations regarding
indications of gold in an extremely coarse gold conglomerate.

 
Bullboard Posts