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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

Comment by tbnorthstaron Jan 02, 2021 7:59am
250 Views
Post# 32208913

RE:RE:RE:RE:High Grading

RE:RE:RE:RE:High Grading
TXRogers wrote:
JRafflesUK wrote: My comment about potential high grade conglomerates follows the location of high grade Egina gold nuggets in valleys. However, I accept that this principle may be more difficult to apply to the laying of Beatons Creek conglomerate gold, since the conglomerate gold content will be dwarfed by the weight of the host rock.  Nevertheless, any free gold in the conglomerate layers is likely to be concentrated in valleys, as with Egina free gold nuggets.
  
https://www.csiro.au/en/Research/MRF/Areas/Resourceful-magazine/Issue-16/Pilbara-goes-for-gold
 
Extract below:-

Formation of Pilbara conglomerate gold still a mystery
CSIRO’s Dr Pearce says the search for an answer to the forces that created the Pilbara conglomerates, which lie between the very old Archaean basement and the later Fortescue group of rock units, have narrowed to focus on what must have been a very wet and high energy environment.
But, even that general hypothesis can not explain the presence of chlorite, a soft mineral, in a halo-like pattern around some of the nuggets.
“The presence of chlorite is a puzzle that is yet to be explained,” Dr Pearce says.
Mark Creasy, one of Australia’s most successful prospectors and an early participant in the Pilbara gold hunt, agrees with the theory that the gold was deposited in a marine environment.
“It’s got to be alluvial with some kind of input with gold precipitated from water,” Mr Creasy says.

“But exactly how it was formed and whether there is a connection to events in South Africa is harder to say.
“We’re talking about a period of time covering between 2.8 and 3 billion years ago, and a lot can happen in 200 million years.”
 

 


The reef gold was deposited horizonatilly billions of years ago.

The "gold in the valleys" to which you refer is most likely eroded gold. 

Either way, grade will not be uniform as a result because of the erosional aspect and surface warping over time.  It's only an obstacle if one believes that this is a constraint. 

As long as one believes the gold is there, then the action becomes to retrieve it regardless of it's distribution.

To understand what happaned to the landscape as the millennia passed by, is to understand how to retrieve the gold hosted within it.  

Tx 







Lots of fancy rock talk here, in the end, if B.C can consistently produce fully diluted 2 gram gold we will all be dancing to the bank. Well, almost all:)

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