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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
Comment by HeyBlinkinon Dec 07, 2017 10:14am
210 Views
Post# 27108454

RE:Question re 'fine gold disseminated' vs 'halo from nuggets'

RE:Question re 'fine gold disseminated' vs 'halo from nuggets'
stockhouse123 wrote: Can anyone tell me if the 'fine gold' from the one and only bulk sample taken many weeks ago that contributed approx. 10 g/t to to the overall 67 g/t result was the result of the "halo effect" from the nuggets or from another source? 

Thanks in advance.


From the Nov 24 news release.

"Scanning electron microscopy of cut slabs of gold-bearing conglomerate has yielded important information about the distribution of fine gold particles within the rock. Although a limited number of samples have been analyzed and more work is underway, current findings suggest most fine-grained gold occurs as halos of particles within a few millimeters of much coarser gold nuggets. Novo believes such fine-grained gold was remobilized and re-precipitated following burial and lithification of gold-bearing gravels. Novo believes it is possible that fine-grained gold observed in panning of weathered rock collected from trenches as well as the fine gold component observed in the first bulk sample (please refer to the Company’s news release dated August 8, 2017 for further details) is derived from such halos of fine gold."

HB
Bullboard Posts