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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 Silverwhereon Oct 28, 2018 9:29pm
105 Views
Post# 28885315

RE:RE:RHINO Some Sincere Questions

RE:RE:RHINO Some Sincere Questions
Rhino10 wrote: Hi Mnarlin   Some of Purdys and Comet Well material needs to be crushed - equipment selection would only be determined once we were on site. Some of the very hard mafics will require drill and blast and I have no idea of the gold liberation characteristics.  In essence probably $500,000 covers both crushing and gravity separation. Plants range from 15-20 tph which fit on a 40ft trailer complete with its own power source to 50-100 tph plants which are modular and completely mobile.
Larger plants consist of primary jigs -secondary jigs and up to 3 concentrators -all the gold is recovered in the circuit and gold is smelted on site to bullion. Just take it to the mint and get paid.  Unless there are sulphides present -not likely in the conglomerates at Karratha -all gold is recovered and no gold will report to tails. 
If you go on Twitter you will see some of our plant configurations. 
I have a number of approaches now over a wide range of situations - I wont be hands on at my age but the challenge is there for young men who have ambition and entrepreneurial spirit to capitalise on the opportunities in the Pilbara. Noone knows all the answers -I am not ruling out ore sorters but first things first -get a practical handle on the potential tonnages and grades and over time refine your circuitry. The Radio Hill plant is going to give us all an insight into the gold recovery characteristics of these materials -which have different host rocks and different challenges at each site. 
Meantime I keep pegging -in this market climate opportunities abound. Iron ore is bolting -why I started positioning several years ago in the Pilbara . Everyone wants uranium -just picked up 250,000 tonnes of .22% U for the price of an Exploration Licence application. 
Follow me on Twitter - there are some great guys on there and that site has been responsible for connecting so many of us to our mutual benefit -instead of the rancour one experiences on this site simply because on has an  alternative point of view. 



How many troy ounces of gold bullion have you produced in 2018 Rhino? Kindly answer this question truthfully. Thanks big guy.

SW

Bullboard Posts