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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 Mineshackon Jan 29, 2020 9:38am
110 Views
Post# 30613511

RE:Novo NR

RE:Novo NRThe "Summary of mechanical sorting test results" posted in the January 29 news release shows two columns.

The left column divides the 2.8 tonne sample into four groups that were screened for size. The first (top) group consist includes 50.4% of the sample and is the largest nuggets measuring over 18mm, but not more than 50mm.

The right column splits each group in two. This is where I need help and have two questions.

  • Does the "%Gold Accepted" amounts equal gold recovered by the process?

  • and are those amounts of gold still diluted by the "%Mass Accepted"?







Bullboard Posts