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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 Mineshackon Dec 04, 2019 12:20pm
178 Views
Post# 30421369

About the “fine gold” (> 1 mm)

About the “fine gold” (> 1 mm)@exploratory: "Although we’re told that there’s a little dirt on top of the lag gravels, it appears to be insignificant to the point of being near zero as a cost factor in the big picture. THE LAG GRAVELS MAY ALL BE ORE."
 
@HHorseman Last thought: "There might be approx USD$8.34 per tonne worth of gold in the disseminated halo. Sorting could cost USD$0.26 per tonne. THat's USD$8 per tonne that is left as a margin to cover all the rest!"


Considering how little the expense to fill a big lock box full of sorted gold concentrate. I'd buy that box today and figure out all other cost to market with a quarterly report.

Bullboard Posts