Company Updates From Management – Fri 31 Jan, 2020

Novo Resources – A discussion on the sorting results and importance for other projects moving forward

Novo Resources (TSX.V:NVO & OTCQX: NSRPF) released sorting results from the Beatons Creek Project on Wednesday. The news is linked below. I recommend having the news open while listening to the interview to follow along with all the data discussed.

Quinton Hennigh, Novo’s President and Chairman joins me to first recap the overall process from taking the sample to the actual testing. We then dive into the actual results and how they could impact processing at the other projects. Quinton also answers some of the questions you all emailed in.

Please keep the questions coming to Fleck@kereport.com.

Click here to open the news release discussed in our interview.


Comments:
  1. On January 31, 2020 at 8:55 am,
    OOTB Jerry says:

    Rhodium………………….$9200………..nose bleed……….lol

  2. On January 31, 2020 at 11:28 am,
    Yulla Gorsinsky says:

    Dr. Hennigh

    There are a couple of things about the NOVO project that bother me. Yours is an open pit operation over a vast area. From what I’ve seen of your core samples you have a high strip ratio in many areas which means you will have to excavate and transport away millions of tons of earth and rock in order to process the pay dirt. Your video introducing the Eddy Current Separator technology looks nothing like what would pass along a conveyor belt in production. You would be processing hundreds of tons of ore per day delivered from a crusher. Many of the nuggets and particles would be buried under or attached to earth and rock and would not be processed. I doubt you could achieve a thirty percent recovery rate. You say you hope to be in production in two or three years. Good luck.

    https://www.youtube.com/watch?v=hLv87rdpFnE

  3. On February 1, 2020 at 12:22 am,
    The Hedgeless Horseman says:

    Yulla:

    I think you are mixing up the projects. Comet Well is hardock, BC is hardrock, Egina is loose gravels. The ECS was one idea to help capture a portion of the Egina gravels which can begin 0.2m below surface (thus very little overburden). I think the ECS is redundant with mechanical sorting working better and better.