Novo Resources Corp T.NVO

alluvial gold mining

[HuberPeter]

try to evaulalute the following statements from Novo
 

'Given that most alluvial gold mines operate at grades of around 0.3 grams Au per cubic meter, Novo considers these results promising'

https://www.novoresources.com/_resources/presentations/corporate-presentation.pdf

(page 38)
 

'Conventional alluvial gold projects commonly display grades of 0.2-0.3 grams gold per cubic metre.'

https://www.novoresources.com/news-media/news/display/index.php?content_id=392

'Many alluvial gold deposits display grades significantly below one gram per cubic metre'

https://www.novoresources.com/news-media/news/display/index.php?content_id=366

 

Here are alluvial gold mines, deposits and projects mixed. Important is the knowledge of an average cut off for alluvial gold mining. Then reduce potential of mechanical sorting and assess it. 

I can't find something to commerical listed alluvial gold mining companies. Novas grade for alluvial is about 0,8g depends on the mix of swale, swale margin and periphery.  

Can somebode feed this statements for validation? Better would be the name of some commercial listed alluvial gold producers.

 

Swale, Swale Margins and Periphery

lenght is easy to define with taking mak samples. how do they define the swale margin? where gold specs going to weak? Looks like they know it because they can split it in bulk assays. Is such a trench always only a few meters width? 

https://ml.globenewswire.com/Resource/Download/c79b3b61-347a-482e-8b85-c2a6d82a733c

https://ml.globenewswire.com/Resource/Download/69d7faf1-7e0b-463a-b329-992ad359d22f

For the potential you need to know volume with all 3 dimensions. I see on NR always only the terminus 'wide'. I am really confused. 

Can you provide an alluvial rookie like me with some information?

thank you

 

Peter

[ToottFairy]

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[HuberPeter]

Thank you tooth for your response. Q.H speaks about operating alluvial gold mines. Which ones? Can't find any ... peter 

[ToottFairy]

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[ToottFairy]

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[HuberPeter]

that brings not really trust. Almost the whole investment case refers to economical alluvial commercial production.  The best form to assess this theory is to evaluate some other producers. And Q.H. is mentioning them ... And yes ... Novo could it produce probably cheaper .. hope to hear from somebody some names. peter 

[ToottFairy]

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[bull_runz]

"And yes, you read that right — negative $644/oz. That’s because both these operations benefit from significant base metal by-products." That's nice!  Novo has base metals too :)

[ToottFairy]

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[Popeye82]

"'Given that most alluvial gold mines operate at grades of around 0.3 grams Au per cubic meter, Novo considers these results promising'" Peter, to my Knowledge this is TRUE. But I "just" have not the Source, to proof, at Hand right now. The Thing is, as I know: The very, very Most Which run such Operations are No "Big" Companies. So -at least in Most