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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 11:16am
96 Views
Post# 30614259

RE:RE:RE:RE:RE:RE:Novo NR

RE:RE:RE:RE:RE:RE:Novo NRThanks Gringo. At least now I know what caused it. Baldness that is.

No more questions. I'll have to hope the next news release has pictures.





RingoTheGringo wrote:
Mineshack wrote: Well Gringo, I think you read it correctly, but I don't think I fully understand  what has been accomplished. I'm still scratching the head.

So in the 2.3 to 6 mm sized sample, 95.5% of the gold was recuperated. Is it still mixed in the 20.3% mass?

Does the rejected mass have any gold in it?




RingoTheGringo wrote:
RingoTheGringo wrote:
Mineshack wrote: The "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"?






 

The way I read it is as follows:

In the 18 to 50 mm size (which was 50.4% of the total bulk sample), 54.5% of the mass went to the ore discharge (I will put it that way), and the rest went to the waste discharge. And of the 54.5% that went to the ore discharge, 90.2% of the actual gold in that pile was was recuperated. And so on for the smaller sized stuff. 

So as you go down the table, the mass that goes to the ore pile is less and less, which would be expected , as the fines are harder to pick out than the larger sized gold. So in the 2.3 to 6 mm sized sample (which accounted for 6.4% of the total sample), only 20.3% of the sample went to the ore discharge, and the rest went to the waste discharge. And of that 20.3% that went to the ore discharge, 95.5% of the gold was recuperated. The 95.5% part is good. The 20.3%, not so good.

Thats the way I read it. 

But we can always ask putz what he thinks. hes usually quite useful.


Ringo the Gringo
from Mexacali
eating tamales

The last table shows that 17% of the sample was < 2.3 mm and didnt go through the sorter. I presume because the sorter will not detect a meaningful % of the gold. 


Ringo plays bingo

 

Sorry, see previous post. I answered you by replying to my post. In short, yes there is most certainly gold in the waste pile, but it wont be recuperated by sorters.  Gold that was not detected by the machine. The difference between milling and sorting.

Ringo


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