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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 smilingmickeyon Mar 28, 2021 12:55pm
128 Views
Post# 32894998

RE:MORIARTY: "PLEASANT SURPRISES" COMING

RE:MORIARTY: "PLEASANT SURPRISES" COMINGWell Ron,

One of the key things that Novo did when refurbishing the Millennium Mill was to add some processing kit which improved the capability of the gravity circuit.

The gold recovered by the gravity circuit (on which work had been carried out and reported on  previously)  has the recovery of gold at 70% (even more than the 50% quoted by  Bob Moriarty,)

A good question to pose to Quinton  during the interviews he will no doubt be giving post  publishing the PEA, is whether the high recovery of gold from the gravity circuit will increase yields (already quoted at 90% plus) and the capacity for ore throughput.

SM

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