8/13/19 cory fleck interview semi-transcript8/13/19 notes on cory fleck interview with QH after Egina nuggets NR: notes are abbreviated in most cases, in some small areas word for word:
Swale depression is a likely gold concentrator in target area. GPR gives hi quality data. Swale opens up E
1st trench on margin of previous trenching. Every single nugget recorded, put in container and GPS located
Nothing but flat country. Serves as a testament to unusual system
Terrace E of us is highly prospective
Edges of this terrace have found gold with many occurences
Womerina, Friendly Creek, Blue Moon. Not hard to imagine the gold goes out to the flats
Sumitomo Q: Unconventional system. Engineering and processing are cheap and effective
Huge windfall for Novo quickly. “everybody is truly stoked”
3 step process:
1-testing to find resource
2- define area for test mining
3- test mine, straight to commercial mining?
Could be sumitomo’s $ gets us straight to mining minus conventional mining headaches.
Talk with Sumi regularly, they have people on site. How to engineer it.
Rob Humphryson CEO taken initiative with Eddy current separators. Exciting possibility.
Creates induces magnetic field even in non ferrous metals, such as gold, a non magnetic metal. Metallic particles go past super hi power magnets and get flung off conveyor belt and collected.
Really exciting possibilities.
Dry process, no water needed.
Lack of appreciable fine grade gold of 1-100microns. Our nugget sizes are nearly all ½ mm + in size, a big size
Sumi onboard with aboriginal process
What is Timing?
1-near term bulk samples in wk/2 wks. We’ll have more samples. Direct metal detecting and in place IGR plant. Hunch is +50-100 of addition in fine grain nuggets not directly detectable. We r very hopeful
2-medium term. Once we get heritage clearance can open up more trenches. Idea of consistency of target swales/valleys
Can C test mining target by YE 19
Very concrete idea of where. Grade known. Becuz going so well.
3-Long Term. Process technique 4 Egina
Now we’ll test nuggets we have in Eddy Current Separators
Within a year, say by Aussie winter, May, maybe we’ll be test mining by then
Sumi $ moves us forward timeline wise
Fine grade gold not significant. Maybe 3-5%. Would require water processing
Coarse gold only focus we guess, leave fine gold behind.
Eddy current separator kinda like TOMRA
Unlock very efficient means 2 recover coarse gold at Egina
Exceedingly shallow layer, 1M+ shallow gravels
Literally scoop up gravel, recover nuggets with ore sorting tech, very cheap
MINE, PROCESS, PUT BACK MATERIAL IN 1 OR 2 DAYS
Can’t emphasize enough how unique the deposit is but how exciting it is
Short term news- bulk samples next 1-2 weeks
Heritage clearance done late august
Open up more trends and more samples.
Leads to test mining