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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 Rhino10on Nov 17, 2018 9:12pm
163 Views
Post# 28990478

RE:ORE SORTERS ..

RE:ORE SORTERS .. Allenbow  No one is disputing that ore sorters have a role in pre-treatment -pre-concentration of various ore types but they wont change the overall economics of the gold bearing conglomerates and in my opinion gold losses for a variety of reasons would be considerable. I have yet to see them in successful operation in high capacity alluvial gold mines. Their application thus far is mostly in sulphides and complex mineralised quartz and still their application is no more than separating waste ore. We do that in our plants anyway -once we determine what size fraction contains most of the gold we can divert waste ore by simply changing our screen size - we dont need a sophisticated million dollar ore sorter. 
At the end of the day my friend find the gold first and the ONLY way you are going to do that in the gold bearing conglomerates is install large gravity plants. Novo is like a dog chasing its tail - sad but true... Hopefully Artemis and the experts commmissioning the 'ole rust bucket will provide us with many answers -if the conglomerates are not small patchy concentrations of high grade gold which is increasingly likely based on results thus far. 
Bullboard Posts