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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

Post by ronreaganon Mar 28, 2021 11:16am
296 Views
Post# 32894762

MORIARTY: "PLEASANT SURPRISES" COMING

MORIARTY: "PLEASANT SURPRISES" COMINGIn an interview published in the last day or so, Bob talks about some "pleasant surprises" coming our way. Here's the context.

Keep in mind that thre are TWO circuits going on at Novo's new mill, the gravity circuit and the cyanide circuit. The surprise is that about HALF the gold being recovered is being recovered on the FRONT end in the gravity circuit - the flakes and watermelon seeds are being recovered up front in the gravity circuit, which is good in an of itself - but it also makes the cyanide (I think this is also referred to as the "leaching" circuit) more efficient. My interpretation is that it will also make it so Novo can run MORE ORE VOLUME through the mill at any one time.

So, if I had to pick the word of the day, it would be "efficiency".

https://www.youtube.com/watch?v=8A_VPW5WA-A

I wonder what after-hours "TA" will say about this.
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