Craig Hemke from TF Metals Report – Thu 31 Jan, 2019

The Difference In The Gold Market In 2019

Craig Hemke, Founder of TF Metals Report joins me to outline the differences we are seeing in the gold market for 2019. With gold closing the month above $1,300 and the Fed paused or on the sideline there are some much more bullish drivers as we start off this year.

Click here to visit Craig’s site.

Novo Resources – Mechanical Sorting Generates Encouraging Results at Karratha

Below is the latest news from Novo Resources. I will be chatting with Quinton tomorrow afternoon so if you have any questions or topics you want us to address please email me at Fleck@kereport.com.

Click here to visit the Novo website.

Here is the news…

VANCOUVER, British Columbia, Jan. 31, 2019 (GLOBE NEWSWIRE) — Novo Resources Corp. (“Novo” or the “Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce it has received encouraging results from initial testing of mechanical rock sorting of gold-bearing conglomerate from its Karratha gold project.

As discussed in the Company’s news releases dated November 19 and December 20, 2018, the potential viability of mechanical rock sorting was tested by subjecting four bulk samples (see Figure 1 below for sample locations) to crushing, screening, and sorting using a TOMRA mechanical rock sorter. Sorted rock concentrates of very small volume were generated returning high gold contents.

Assays of the sorted waste material, undersize (-6 mm) fraction and oversize fraction (+63 mm) have returned allowing for further evaluation of this technique (please refer to Table 1 below).

  • Samples KX234 and KX237 generated 81.1% and 89.4% recovery of gold, respectively, from the 6-63 mm fraction that was sorted. These recoveries are considered very encouraging considering these tests are first pass and un-optimized. Interestingly, the best recovery is from the lowest grade sample, KX237.
  • Although samples KX235 and KX236 generated lower recoveries, the fine (-6 mm) unsorted fraction of each of these samples displays higher grade than the respective calculated head grade. Novo believes the well-oxidized, crumbly nature of the rock comprising these bulk samples may have played a role in lower recoveries. Gold particles appear to have preferentially reported to the fines rather than remain encapsulated in rock that was sorted. Such oxidation persists to about 1-2 m below surface at Karratha.  Below this level, Novo believes the targeted conglomerate will be harder and less crumbly.
  • Sorter tailings commonly display gravity recoveries of gold of over 50% indicating significant coarse gold remains in this material. Novo believes crushing to somewhat finer size, perhaps 50 mm, may improve sorter recoveries because X-rays will more readily penetrate smaller rock particles making it easier for the mechanical sorter to identify gold particles.   
  • Although testing was conducted on rock particles down to 6 mm size, further work is needed to determine the lowest range of particle size that can effectively be sorted. Further crush testing is also required in order to determine means of minimizing generation of fines and maximizing the fraction of material that can be sorted.
  • Gravity recoveries of gold from the undersize (-6 mm) fraction of the four bulk samples tested during this study range between 44%-64%. This data suggests gravity recovery of gold from unsorted fines may be a viable treatment option.
  • Novo considers mechanical sorting a potentially low cost means of concentrating gold that is particularly suitable for the nuggety conglomerates Novo is exploring in the Pilbara. Novo is currently undertaking a thorough review of recent mechanical sorting test data to determine means of optimizing crushing and sorting and what further testing is needed.

Table 1 – TOMRA mechanical rock sorting results from four Karratha bulk samples.

“Novo is highly encouraged by initial mechanical sorting results,” commented Rob Humphryson, CEO and a Director of Novo. “Typically, mechanical sorting machines are utilized to upgrade mineralization by sorting out waste. In this case, gold is being directly and effectively concentrated. Novo expects that optimizations can be made to further enhance this means of gold recovery.”

Novo staff collected bulk samples discussed in this news release. Bulk samples were crushed at Cook Industrial Minerals in Perth, Australia prior to being shipped to TOMRA. Once rock sorting was completed, the concentrate and smaller mass tailings samples were submitted to MinAnalytical Laboratory Services Australia in Perth, Australia for analysis via Photon assay and fire assay. PhotonAssay methodologies are described in Novo’s news release dated December 20, 2018. Larger tailings samples were submitted to SGS Minerals in Perth, Australia where they were treated in a test plant detailed in Novo’s news releases dated February 6 and May 31, 2018. All assay certificates and head grade calculations were provided by SGS and MinAnalytical, with the calculations and head grades checked by Novo internal resources. There were no limitations to the verification process and all relevant data provided to date was verified.

Dr. Quinton Hennigh, P. Geo., the Company’s, President, Chairman, Director, and a qualified person as defined by National Instrument 43-101, has approved the geological content of this news release.

About Novo Resources Corp.

Novo’s focus is to explore and develop gold projects in the Pilbara region of Western Australia, and Novo has built up a significant land package covering approximately 12,000 sq km with varying ownership interests. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com      

On Behalf of the Board of Directors,

Novo Resources Corp.

“Quinton Hennigh”
Quinton Hennigh 
President and Chairman

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking information 
Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, statements as to planned exploration activities and the expected timing of the receipt of results. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, customary risks of the mineral resource industry as well as the performance of services by third parties.

Figure 1 – Plan map showing the location of samples KX234, KX235, KX236 and KX237. Sample KX234 is material from the Lower Cannonball Conglomerate. The remaining samples are from the Upper Cannonball Conglomerate.

Chris Temple from The National Investor – Thu 31 Jan, 2019

Gold’s Highest Monthly Close Since April and More Comments on The Fed

After the comments by Powell yesterday, which Chris and I discussed at length (click here if you missed that discussion) there are some longer term considerations that need to be understood for investors. We also touch on the monthly close gold will put in. All of this ties into why Chris thinks gold is a great investment moving forward.

Click here to visit Chris’s site and find out more about his newsletter.

Chris Temple from The National Investor – Wed 30 Jan, 2019

The Fed Is Now Stopped Not Paused – Here Are Our Thoughts

Chris Temple and I weigh in on the recent Fed statement and press conference. Chris points out that this was a big change from the Fed. They are now much more worried about domestic and global growth than they have told us before.

Click here to visit Chris’s site to find out more about his newsletter.

Richard Postma – The Doctor Is In – Wed 30 Jan, 2019

How Doc Simplifies Technicals and An Update On Gold’s Trend

Doc has taught me a lot about reading charts and the technicals when looking at and chart. Today he shares some of his high level theories on how to simplify what the charts can tell us. We also get an update on the overall trend for the gold sector.

Raghee Horner – SImpler Trading – Wed 30 Jan, 2019

Under The Hood Of This Earnings Season and A Preferred Position In Gold

Raghee Horner, Options and Currency Expert at Simpler Trading joined me today for an in depth look at the current earnings season. More importantly a look head to what will slow down earnings as we progress through the year. Importantly for the the gold bulls she outlines why she likes gold for a longer term trade however is taking a more buy the dip mentality.

Click here to visit the Simpler Trading website.

Sean Brodrick – Tue 29 Jan, 2019

A Wide Range Of Sectors To Consider For Your Portfolio

Sean Brodrick, editor of the Wealth Super-Cycle newsletter over at Weiss Group shares some of the sectors he is adding or watching closely for his newsletter. While still reading off a bearish playbook for US equities there are opportunities in some sectors we look at daily.

Sean Brodrick – Portfolio Management

Click here to follow Sean on Twitter.

Exclusive KE Report Commentary – Tue 29 Jan, 2019

The Comprehensive Oil Update You Were All Requesting

Over the last couple weeks I have received a number of emails and saw the comments asking for more updates on the oil/energy sector. That got me to reach out to Joseph Schachter, Founder of The Schachter Energy Report. We discuss when in 2019 he thinks that the oil sector will start running higher and even shares some stocks that he thinks will be the best picks.

Joseph Schachter – Energy Sector Update

Click here to visit The Schachter Energy Report website and rad over some of his free content.