Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Rhino10on Jun 27, 2022 11:08am
205 Views
Post# 34784575

Comet Well -Purdy's

Comet Well -Purdy's Both sites have high grade gold in certain haloes -which clearly doesnt extend along strike. I estimate 10,000 -20,000 ozs could be recovered at a very low AISC with a WET GRAVITY plant with the right configuration -not the Novo plant as configured. 
I don't have an agenda against ore sorters -they have their place and may complement -but after 5+ years of recommending that Novo abandon the ore sorters for wet gravity and generate  a significant cash flow  one would think the company would embrace my recommendations or those of us who have a track record of successful gold production in exactly the same sort of  coarse -nuggety gold enviroments. We are doing it all the time - 

And for those who keep spouting native title -heritage issues provided it is all done properly those problems dont exist.  

The upside is there may well be more gold in the conglomerates both along strike and down dip -with significant cash flow generation to 'cookie jar' mine Comet Well and Purdys. And there is more -which will never be recovered with the ore sorter methodology. 

Time for someone at Novo to listen -   


<< Previous
Bullboard Posts
Next >>