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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
Post by Redflameon Jul 10, 2018 11:07pm
116 Views
Post# 28297447

Horror Show at the Labs

Horror Show at the LabsHere is the news releases relating to sample processing.  Only 3 in the last 8 months.  I'm going back thru QH interviews and will post his statements on sample timelines:

November 24, 2017

 

Nagrom Metallurgical Laboratory, Perth (“Nagrom”) has recently indicated to Novo that the first trench bulk sample grade results will be available in January. Processing of samples has been delayed while Nagrom has adjusted and optimized the sorting ability of its new Steinert sorting machine. In the meantime, Novo has been shipping bulk samples to Nagrom in preparation for processing.

 

VANCOUVER, British Columbia, Feb. 06, 2018 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX-V:NVO) (OTCQX:NSRPF) has entered into a commercial arrangement with SGS Minerals of Perth, Western Australia, to secure access to a test plant for the processing of 5 tonne bulk samples from its Karratha Gold Project. SGS is a leading service provider to the global mining and minerals industry. The Company’s previous news releases have described the nuggety nature of mineralisation at Purdy’s Reward and Comet Well. In gold systems containing a high nugget effect, the statistical impact of this means that a relatively large sample size is required to ensure the resultant assay grade is better representative of the surrounding material. In ongoing trenching works at the Company’s Karratha gold project, Novo will be excavating a series of 5 tonne bulk samples. Samples to date have mostly been in the range of around 300kg. Processing of these sample sizes through conventional laboratories has proven time consuming and costly and provides indicative grades only for each sample. As Novo comes to grips with analysing this unique style of gold mineralisation, the Company has been working to continually improve its sampling and analysis processes, hence the focus on investigating cost effective and timely alternative solutions to obtaining the grade of the bulk sample material. Faster turnaround times will be invaluable for the exploration team in the field, with a more rapid feedback loop significantly improving the understanding of gold concentrations relative to geological features.

The test plant is an upgraded version of a fit for purpose and pre-existing test plant in Perth, Western Australia, which has been previously utilized for sample analysis (see Figure 1 below). The test plant essentially consists of a comminution circuit followed by gravity separation processes, generating a series of gold concentrates for subsequent assay. Works will be overseen by the existing scrutineering regime in an ISO 9001 accredited laboratory environment, ensuring sample integrity from the field to the plant, with all analysis completed at the SGS Laboratory facility in Perth. The plant has been specifically designed to preserve and analyse gold particle sizing for use in geostatistical analysis. Five tonne samples will be transported from Karratha to the test plant, where it is expected that up to 3 samples per week will be processed, with an expected 4-week turnaround time to receive grade results. This is significantly faster than the circa 8 week turnaround experienced to date.

 

Novo Commences Work at Comet Well and Updates Results From Purdy’s Reward

VANCOUVER, British Columbia, Feb. 14, 2018 (GLOBE NEWSWIRE) --

Novo Resources Corp. (“Novo” or the “Company”) (TSX-V:NVO) (OTCQX:NSRPF) is pleased to announce its 2018 exploration program at its Karratha gold project has begun. Diamond drilling and trenching have recently been initiated at Comet Well. At Purdy’s Reward, additional bulk sample results have returned allowing for planning of follow up work in this area.

At the end of 2017, Novo collected a few approximately 6-tonne samples from a few trenches at Purdy’s Reward. These samples were collected after the recognition of the extreme nuggety nature of mineralization and that most nuggets are concentrated near the base of the conglomerate sequence. In an effort to standardize bulk sampling protocols, Novo extracted each sample from flat panels of rock each 0.5 m thick and with a set footprint of 4 sq meters.
 

One of these bulk samples will be the first through the new SGS plant. Results of this are expected shortly after processing.

Novo is considering collecting additional samples in a similar manner at Purdy’s Reward and Comet Well pending return of these results.

 

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