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.

TSX:NVO - Post by User

Novo Resources Corp > QH on grade

<< Previous

Bullboard Posts

Next >>

Comment by Fabrix72on Apr 30, 2021 11:50am

120 Views

Post# 33101392

RE:RE:QH on grade

Someone said "you can't cure stupid"...just guess who it was. jejejeje..;)

RickeyMourke wrote:

WisGuy1 wrote: The mine plan required us to first clear the back area to use as a dedicated waste dump, and now that is largely done and waste is being stripped off the higher grade areas, particularly Grants Hill. The grades back there were in the 0.6-1.5 gpt range, but now the guys have cut their teeth are now eager to get down to the M1 and M2 at GH. We did have one higher grade area that was accessible, so we mined it and saw grades around 1.5-3.5 gpt there, hopefully a taste of what is coming. This is no different than any mine ramp-up, and the guys are doing great. By late May, they should start getting into the M1 and M2 at GH. Also, our current grade control holes tell us there is a chance we can indeed take some stuff in between reefs, perhaps at Golden Crown Hill and Grants Hill, so this upcoming drill campaign should help us get full resolution on that possibility. We now know the mill can take the throughput.

Thats nice. And what about when the best stuff is mined out by the end of June?

Marv