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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 6,700 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 lithium joint ventures with both Liatam and 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 goldencratonon Sep 16, 2019 9:49pm
58 Views
Post# 30133597

RE:RE:RE:RE:RE:Lips......Commented on this:

RE:RE:RE:RE:RE:Lips......Commented on this:
TonyLip wrote:
goldencraton wrote:
TonyLip wrote:
MarineJumper wrote: No pollution solution, low cost, mobile. Nuggets vomiting off the conveyor. 

Winning IMHO

The downside is they dont catch all the fines. Cost benefit analysis.

Hot Lips Hooligan


Ok so if an “off the shelf” scrap metal sorting EC machine works that well for separating the gold from the Egina gravel…imagine how fast and efficient the next generation dedicated “Portable Eddy Current Gold Separator” will be...

 No doubt Q and Steinhart or ? will develop something like this over the next year or 2... and by then Q will have most of the lag gravel available for sale or staking under NVO control I would think…and he should also have enough data to start trial mining it…

Q will need some time to optimize the process and then …scale it up up up!
And every 2 or 3 years thereafter the technology will advance further constantly improving the bottom line.

2 or 3 years from now Beatons Creek and Egina will both be producing gold and generating revenue…allowing NVO to move the CW/PR type hard rock deposits forward toward production. That’s the vision the company is pursuing from my understanding of things.

Very…very exciting times ahead I believe.

gc
 
P.S. No fines in the current test area worth chasing by the sounds of things but that might change as NVO moves further out onto the greater terrace. Perhaps if there are fines further out, the sand portion of the gravel could be screened out and run separately...what thinketh you about that No Bologna Tony ?
 

Tony knows open pitting, and crushing gc. I’m no expert in milling. And I have zero experience with these sorters. I think you are right that technology is the key though. It just seems a shame to let the fines get away when 90% of the processing is done by the time it goes through the sorter. The gold zone has been identified, excavated, hauled, and crushed at that point. If not for the water issue I would say to hell with the sorters and just put it through a gravity circuit at that point. The rest of the processing has already been done. Then again we still dont know if its continuous. 

Tony Lip


Thanks T…no continuity proven yet no…

I would speculate that further out on the vast Egina terrace there must be numerous buried deep channels, gullies, crags and cracks that are 5 or 10 meters deep or more (not just the swales) where the gravel and gold has been worked and reworked numerous times by the oceanic sluice.  

Imagine the possible gold accumulations in the bottoms of these deep “pockets” if they exist…and they must…(1000 km2 + and growing).

Egina really does have the potential to be spectacular in places…and don’t forget the structural gold…

https://www.novoresources.com/_resources/images/Egina_model.jpg

Love to be on Novo’s Egina exploration crew right now.
gc


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