Novo Resources Corp T.NVO

High Grading

[JRafflesUK]

The overall NI 43-101 resource at Beatons Creek is based on 2.53 g/t.
 
Spot sampling in the link below has revealed grades up to 3.5 g/t.
 
Will Novo be seeking to high grade ore delivery to the mill in Q1 of 2021.  If so, a grade increase of ~ 1g/t (39% above the NI 43-101 grade of 2.53 g/t), could significantly increase earnings?
 
Source:-
 
https://thewest.com.au/business/public-companies/novo-eyes-substantial-beatons-creek-resource-upgrade--c-1370827
 
The mineralisation at Beatons Creek is hosted within the shallowly dipping M1 and M2 conglomerate reefs, which the company has now traced across the regional Grant Hill fault. A recently completed program of mapping and sampling has demonstrated that these units can be traced for several kilometres to the west of the existing resource, with spot sampling of these lodes returning grades of 2.1 g/t, 3.5 g/t and 2.7 g/t gold.

[CassidyLestat]

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[CassidyLestat]

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[TXRogers]

Well JR, I believe we will continue to encounter the Concrete Nature of the Paradox even at Beatons Creek.  It's the nature of coarse gold distribution in the conglomerate host.  Or shall we say, it's "scattering". About 6 yrs ago, a quite revealing glimpse at Beatons was presented by Novo.  Prior to their 43-101 statistical developments, the open pit model, and

[CassidyLestat]

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[TXRogers]

I highly suspect that "the retards" on this board are not too overly concerned. Retardation is often one of the advantages in successful speculative investing. Who else would attempt it?  Haven't you noticed? Tx  

[CassidyLestat]

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[CassidyLestat]

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[JRafflesUK]

My comment about potential high grade conglomerates follows the location of high grade Egina gold nuggets in valleys. However, I accept that this principle may be more difficult to apply to the laying of Beatons Creek conglomerate gold, since the conglomerate gold content will be dwarfed by the weight of the host rock.  Nevertheless, any free gold in the conglomerate layers is likely to be

[TXRogers]

The reef gold was deposited horizonatilly billions of years ago. The "gold in the valleys" to which you refer is most likely eroded gold.  Either way, grade will not be uniform as a result because of the erosional aspect and surface warping over time.  It's only an obstacle if one believes that this is a constraint.  As long as one believes the gold is there, then

[tbnorthstar]

Lots of fancy rock talk here, in the end, if B.C can consistently produce fully diluted 2 gram gold we will all be dancing to the bank. Well, almost all:)

[JRafflesUK]

Novo’s sampling and drilling programs have established that gold-bearing units show a substantial increase in gold grade in proximity to faults that cut the Hardey formation. See aerial photo of fractures in exposed conglomerate on Pacton’s property (link below) – 17km from Beatons Creek   https://www.pactongold.com/projects/australia/nullagine-beatons-creek/   Extract from link:- The