Company Updates From Management – Tue 15 Oct, 2019

Novo Resources – More Details On The Recent Gold Sorting Results

Quinton Hennigh, President and Chairman of Novo Resources (TSX-V: NVO & OTCQX: NSRPF) joins me to recap the gold sorting results from last week. We discuss the overall grade and also look at the potential of fine grain gold, which we are waiting on those results. Quinton also shares some insights on the potential processing and mining techniques that the Company is testing for future larger scale production.

If you have any follow up questions for Quinton please email me at Fleck@kereport.com.

Click here to read over the full sorting news release.


Comments:
  1. On October 17, 2019 at 7:00 am,
    Prospector says:

    This project needs some real placer miners on its staff. If there were, Novo would have been prospected out ten years and have been producing gold last spring. I’m a shareholder and a professional prospector/placer miner and have been really disappointed with how this program has been carried out. The nuggets are impressive and the potential seems real, but the grade is not that great (we’re mining ground in Alaska of comparable grade, but with greater thickness) and with the additional milling/process costs and very thin character of the paystreaks, the economics look shaky for large scale development.

    • On October 19, 2019 at 4:38 pm,
      J Lapitan says:

      “If there were, Novo would have been prospected out ten years and have been producing gold last spring.” That of course is BS from someone that doesn’t have a clue about how mining proceeds. Novo has been making I N C R E D I B L E progress and if QH is correct, and Novo is in full production within 3-5 years, that would put Novo Resources in the 1% of companies ever to move that fast! Keep up the excellent work QH! Thank you for a job well done.

  2. On October 17, 2019 at 7:27 am,
    Jan Craeghs says:

    When exactly in 2020 does NOVO start producing gold? Can you specify which quarter of 2020?

  3. On October 17, 2019 at 8:02 am,
    JP Adams says:

    Patience fellow shareholders, Quinton keeps checking off the required checkboxes to verify the value prop for owning NR and a good fines report will be a significant checkbox checked. At some point very soon Mr Market is going to recognize how undervalued NR is and play catch up very quickly.

  4. On October 17, 2019 at 7:40 pm,
    jim h says:

    1 g/m^3 is more than good enough to make a profitable mine from placer/alluvial deposits especially if they are at or very near surface like these. Not sure what you are talking about on the milling costs as they are talking about sorting tech from Tomra and at least one other company that requires no water and is apparently very low cost to conventional techniques in gold mining. At the ore size NOVO is testing with the machines I don’t think this would be a high cost to grind to the size they have been using for test purposes. Certainly lower than traditional ball mill type operations where the ore is ground to a size way way smaller than what is being talked about with NOVO.