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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 5,500 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. 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 a lithium joint venture with SQM Australia Pty Ltd (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 Rroozeon Dec 22, 2017 7:24am
402 Views
Post# 27212753

RE:sample size

RE:sample size

Or as our dear Bob describes it nicely:

 

If you can visualize a cubic meter of rock, it contains about 2.5 tons. If you have 67-g/t material, therefore you have about 167.5 grams of gold. If it were in one cubic nugget, it would be about 15 mm or about .6 of an inch. That’s small enough to hide in your ear if you don’t mind your ear lobes dragging the ground.

 

So what we have to date is 5 bulk samples weighing 1573kgs, delivering 1oz/tonnes.

But remember this isn't even a cubic metre. For clarity 1 cubic metre is a cube with 40inch sides.

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Rrooze wrote:

1 cubic metres of rock weighs 2600kgs, so if you take a sample the size NVO did here (about 350kg) and envision it as a cube (whereas 1m³=edge 1m) then we would have a cube with all edges measuring 0,53cm or 21inches.

 

Now that's a tiny cube to make your decisions upon.



Bullboard Posts