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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 Iskyhighon Jul 24, 2018 10:13am
207 Views
Post# 28358311

tree size?

tree size?

Could clues from the landscape reveal the next big gold discovery?

By Keirissa Lawson, Dr Ignacio Gonzalez-Alvarez

 

24 July 2018

Could the size and distribution of certain gum trees point to a new underground target for gold exploration?

That’s the hypothesis Classic Minerals Limited (Classic) are investigating with our Mineral Resources experts in Perth, Western Australia.

In 2017, Classic noticed what appeared to them to be a correlation between tree size and gold mineralisation at their Forrestania Gold Project (FGP) prospect in the Yilgarn region of Western Australia.

They noted their major deposits and prospects – Lady Magdalene, Lady Ada, Stormbreaker and Lady Lila – supported large gum trees, whereas the surrounding areas were barren of large trees and covered by shrubs and bush typical in the Yilgarn.

“It quickly became apparent from field work that there appears to be a relationship between tree size and mineralisation at FGP,” Classic CEO, Dean Goodwin said.

Recognising our expertise in using surface and landscape features to identify exploration targets, Classic has entered into a 6 month research agreement to put their theory to the test.

Testing the theory

Our team leader, Dr Ignacio Gonzalez-Alvarez, said the concept of using features in the landscape, as well as composition of the soils and the distribution of plants and trees as clues to locate mineral deposits beneath the surface can be both a cost effective and less destructive way to search out areas of prospective value.

Distal footprints

Location of Classic Minerals tenements in Forrestania (WA). In red is the main tenement to be studied in this project; in green, the distribution of the forest in the region.

Location of Classic Mineral’s tenements in Forrestania (WA). In red is the main tenement to be studied in this project; in green, the distribution of the forest in the region.

“The landscape may record features that could link the surface with mineralisation at depth,” said Dr Gonzalez-Alvarez.

“We’ve been pioneering these techniques for mineral exploration, which we refer to as distal footprints, for over 30 years.”

“Distal footprints include features in the surface geology, soil geochemistry, dissolved minerals in groundwater and even features of the vegetation in the landscape which may hint at the presence of mineral bodies lying beneath the surfaces.”

Do large trees mark the spot?

“At this stage we cannot know what, if any, relationship may exist between tree size and gold deposits in this location,” said Dr Gonzalez-Alvarez.

“It is important to keep in mind that while large trees and gold deposits may be located in the same place, the reason the trees are growing better may be coincidental or due to another reason explained in the landscape or geology.”

Classic hope that knowledge gained from any possible relationship between the tree size distribution, the landscape, the geology and the mineralisation at depth which may exist at FGP will help them identify further exploration targets in their tenement faster without major ground disturbance.

Australia is the world’s second-largest producer of gold, generating A$15.8 billion in revenue and employing 28,000 people at 71 major operations.

To support this vitally important industry, we are working across the gold value chain, providing innovation and expertise in exploration, gold analysis and processing.

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