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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Comment by HeyBlinkinon Nov 26, 2017 9:06am

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Post# 27032960

RE:one hundred years ago

I won't say this says it all, but it says tonnes!
Iskyhigh is on the ball again.
HB

Iskyhigh wrote:
This post will no doubt get buried, so if you have a comment please use the 'quote' in your reply.

The estimation of ore reserves in a South African gold mine has always been problematic. The complexity and erratic nature of gold distribution was to a great extent already appreciated at the beginning of the exploitation of the Witwatersrand. De Launay (1896) observed that, regardless of the reef in the Witwatersrand, variations in grade from 2g/t to 100 g/t are regularly found in samples taken a few centimetres apart. This occurs without any apparent lithological change, with very accurate sampling procedures and repeated sampling. He also noted the "irregular, nearly paradoxical" fact that although the grade is extremely variable from point to point of a face, once averaged over a face of adequate length and compared to the grade of the successive face advances, the variation becomes greatly reduced in such a way that the average of a working section of a mine is close to the average grade of an adjoining section. In other words the grades of the different sections of a mine are relatively "constant". Further, variations in grade are confined to geologically and sedimentologically uniform units within the deposit The major factors influencing the estimation ofa gold deposit - namely nugget effect, variance, support and subdivision of a deposit into uniform areas - were already appreciated, though not fully quantified, one hundred years ago.

Louis de Launay and the debate on the origin of the Witwatersrand gold (1896-1903): What has changed in a hundred years?