Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

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.

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Novo Resources Corp > alluvial gold mining

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Comment by HuberPeteron Mar 23, 2021 1:14pm

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Post# 32858850

RE:RE:RE:RE:alluvial gold mining

that brings not really trust. Almost the whole investment case refers to economical alluvial commercial production.

The best form to assess this theory is to evaluate some other producers. And Q.H. is mentioning them ...

And yes ... Novo could it produce probably cheaper ..

hope to hear from somebody some names.

peter

ToottFairy wrote:

HuberPeter wrote:
Thank you tooth for your response.

Q.H speaks about operating alluvial gold mines. Which ones? Can't find any ...

peter

ToottFairy wrote:

HuberPeter wrote:
try to evaulalute the following statements from Novo

'Given that most alluvial gold mines operate at grades of around 0.3 grams Au per cubic meter, Novo considers these results promising'

https://www.novoresources.com/_resources/presentations/corporate-presentation.pdf

(page 38)

'Conventional alluvial gold projects commonly display grades of 0.2-0.3 grams gold per cubic metre.'

https://www.novoresources.com/news-media/news/display/index.php?content_id=392

'Many alluvial gold deposits display grades significantly below one gram per cubic metre'

https://www.novoresources.com/news-media/news/display/index.php?content_id=366

Here are alluvial gold mines, deposits and projects mixed. Important is the knowledge of an average cut off for alluvial gold mining. Then reduce potential of mechanical sorting and assess it.

I can't find something to commerical listed alluvial gold mining companies. Novas grade for alluvial is about 0,8g depends on the mix of swale, swale margin and periphery.

Can somebode feed this statements for validation? Better would be the name of some commercial listed alluvial gold producers.

Swale, Swale Margins and Periphery

lenght is easy to define with taking mak samples. how do they define the swale margin? where gold specs going to weak? Looks like they know it because they can split it in bulk assays. Is such a trench always only a few meters width?

https://ml.globenewswire.com/Resource/Download/c79b3b61-347a-482e-8b85-c2a6d82a733c

https://ml.globenewswire.com/Resource/Download/69d7faf1-7e0b-463a-b329-992ad359d22f

For the potential you need to know volume with all 3 dimensions. I see on NR always only the terminus 'wide'. I am really confused.

Can you provide an alluvial rookie like me with some information?

thank you

Peter

Your friendly neighborhood tooth fairy can help. At .3 gm the rock is worth 16.88$ usd a tonne assuming thats headgrade and not in situ. A custom mill in my region would charge between 30$ and 40$ per tonne but that depends on the daily tonnage. A company with its own mill would have a better cost. Thats just the milling though. Not the mining or rear end.

Toots

No idea.

Toots
Mining contractor
not really a tooth fairy