By Cory Novo Announces First Bulk Sample Results From Its Karratha Gold Project, Western Australia
As many of you pointed out this morning Novo Resources was halted this morning at the request of the Company. Now we have the news out that halted the stock… The first bulk sample from the Karratha Gold Project. From a first glance this bulk sample looks very good and the market is taking note.
I am a shareholder and happy to say that Novo has been a sponsor on the site well before this discovery was made.
I will be having Quinton on the show hopefully this week. If anyone has any questions please email me or comment below.
Click here to visit the Novo website for more information on the Company.
Here’s the news…
VANCOUVER, B.C., Aug. 08, 2017 (GLOBE NEWSWIRE) — Novo Resources Corp. (TSX-V:NVO) (OTCQX:NSRPF) (“Novo” or the “Company”) is pleased to announce analytical test results from a bulk sample of gold-bearing conglomerate collected from a trench at the Purdy’s Reward prospect, which is covered by an earn-in/joint venture memorandum of agreement between Novo and Artemis Resources Limited (see details below) and part of Novo’s greater Karratha gold project. As discussed in Novo’s news release dated July 12, 2017, this sample originates from the uppermost horizon of an 11-meter thick sequence of mineralized conglomerate beds. Purdy’s Reward is part of an 8 km trend that has recently been identified as highly prospective for conglomerate-hosted gold mineralization considered analogous to the Witwatersrand in South Africa.
Analytical Testwork
Given the extremely coarse nature of gold found in conglomerates at the Karratha gold project, Novo collected a trial bulk sample from the Purdy’s Reward prospect to help establish sampling and assay protocols. Mineralized conglomerate was collected from a 2×2 meter exposure of bedrock at the bottom of a half-meter deep trench. The sample was split into duplicate subsamples and was shipped to Nagrom Metallurgical Laboratory (“Nagrom”) in Perth, WA.
Methodology:
Each sample was crushed to -6 cm (P100) and dry screened at 2mm. The coarse fractions were fed through a Steinert XSS T sorting machine (Figures 1 and 2) that utilizes X-Ray imaging and an induction coil (metal detector) to identify and separate particles of rock containing coarse metallic gold particles. The -2mm fractions were assayed by screen fire assay. The concentrate from this process is referred to as “Sorted Concentrate” (Figure 3). Rock fragments without identifiable coarse gold particles constitute the “Sorted Tailings.”
The Sorted Concentrate was crushed to -2 mm (P100) and coarse gold nuggets (“Coarse Gold”) were recovered by hand during crushing. A subsample of the crushed Sorted Concentrate was taken and assayed by screen fire assay. Remaining crushed Sorted Concentrate was then hand panned generating a gold concentrate (“Fine Gold Concentrate”), middling and tailing. The Coarse Gold and Fine Gold Concentrate were combined and acid washed (Figure 4), and its gold content was determined using specific gravity methodology. The hand panned middling and tailings were analysed by screen fire assay.
The Sorted Tailings were crushed to -2 mm (P100) and passed over a wet concentrating table to produce a concentrate, middlings and …read more
Source:: The Korelin Economics Report
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