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Wed, Feb 14, 2018 - 12:31pm
Clarki Stomias
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Novo News Release - Comet Well, Purdy's Reward bulk samples

https://novoresources.com/news-media/news/display/index.php?content_id=297

Comet Well seems to have 2 distinct conglomerate zones, Purdy's only has one. Purdy's gold is on the basement layer only. Comet Well does see some suspended gold.

Purdy's bulk samples results from the news release:

Nonetheless, results from these initial bulk samples provide insight into the grade distribution within the conglomerate section at Purdy’s Reward. Observations include:

  • Concentrates from all samples yielded multiple flattened, “melon seed” nuggets attesting to the nuggety nature of the deposit (Please refer to Figure 4 in Novo’s news release dated December 21, 2017 for an image of such concentrate.).
  • The richest gold grades appear to be concentrated near the base of the conglomerate package immediately above the dolerite footwall. Grades of 87.8, 46.1, 10.6 and 15.7 gpt Au were obtained from samples of this material from trench 1 and 17.7 gpt Au from a sample from trench 2. (Please refer to Novo’s news releases dated August 8 and December 21, 2017).
  • Samples of footwall dolerite yielded significant gold, perhaps reflecting penetration of nuggets into this unit from above. Bulk samples of this material yielded grades of 4.1, 0.4 and 0.03 gpt Au from trench 1, and 2.2 and 2.7 gpt Au from trenches 2 and 3. Clearly, the underlying rock is prospective in areas immediately below the basal conglomerate.
  • Conglomerate samples taken from areas above the base contain occasional nuggety gold. Grades of 1.3 and 0.2 gpt Au were obtained from two samples of this material from trench 1 and 1.3 gpt Au from a sample from trench 2. Novo views these results as indicative only since field observations indicate nuggets originate from upper conglomerates. Novo thinks samples of 5-15 tonnes will be necessary to better assess gold grades from these units.
Wed, Feb 14, 2018 - 3:41pm
phil288
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Novo photos referred to in today's press release,

The Novo photos referred to in todays press release are located below the "Forward looking statements" paragraph.

https://novoresources.com/_resources/news/2018-02-14.pdf

Sat, Feb 17, 2018 - 8:31am
cavalier
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New Quinton interview KE Report

There is a new interview with Quinton on the KE Report where he discusses the most recent press release. If someone could link it that would be helpful. 

I found it interesting that Quinton believes that the lower conglomerate unit where the rounded boulders are at Comet Well is a new near shore marine horizon. He said this means it is not just a small alluvial channel. The marine land horizon can be large, sheet like and continue over a large area.

Sat, Feb 17, 2018 - 6:24pm
phil288
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KE Report Audio

Tue, Feb 20, 2018 - 6:43pm
Clarki Stomias
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H.H.’s update on everything currently known about Novo Resources

The Hedgeless Horseman does a great job summarizing the current geology/discovery status at Novo’s Comet Well and what it could mean for the greater Pilbara conglomerate play. This thing still has the potential to be huge, the find of a lifetime.

https://www.thehedgelesshorseman.com/novo-resources/novo-resources-latest-information/

Wed, Feb 21, 2018 - 11:42am
Clarki Stomias
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Artemis Summary from HotCopper poster "millsking"

Great Summary from this poster on HotCopper.

https://hotcopper.com.au/threads/artemis-the-golden-road-2018.4033666/?post_id=31236532#.Wo2Y0PkbNpg

I went ahead and copied the full post below. Some of the Australian posters and news releases about the CSIRO partnership have stated that the 47 Patch is supposed to be similar in thickness and composition to Novo's Comet Well property (i.e. with both upper and lower conglomerate layers present). But that's still rumor at this point. Add to the gold discussion the Bloomberg news this morning that Apple is now securing/buying cobalt directly from the miners (See Artemis's Ruth Well & Carlow Castle properties below for cobalt resource data) and things are getting interesting on a whole lot of fronts for Artemis.

And here are a couple reminder maps for where things are in the the western Pilbara neighborhood:

Basalt line map: https://www.juniorminingnetwork.com/images/news/November_2017/Artemis_Resources_11-10-2017.jpg

Artemis tenement name map (Scroll down the page on this next one): https://www.artemisresources.com.au/our-projects/projects-overview-2

Okay, here's the full "millsking" post. Enjoy:

Ok so where are we at right now and where will we been at the end of 2018.

Right now what we know:

Infrastructure
Radio hill refurb 500,000 ton capacity
Gekko 500,000 ton 2 stage gravity gold plant addition .
Radio hill underground mine.
Whundo open pit mine.
Power in place
Water in place
Road access to plant in place (not sealed)
Licence and permitted

At this stage what we know is the refurb is around the $6 million mark and the gold circuit addition is around the $3 million mark. The $6 million is at the current 500,000 ton capacity not including the 500,000 ton gold circuit.

Exploration 

Gold

Silica Hills . 86.83% and silver at 12.67%. 38.3 ounces of gold/ 5.3 ounces of silver from 27kg of quartz specimens. 
new exploration plan for 90 test pits across a 25m x 25m grid on M47/177 and also 80 test pits across of 100x x 100m grid on E47/1746. Each of these 170 test pits will be 2m x 2m x 2m. Working with the Ngarluma Aboriginal Corporation for Aboriginal Heritage surveys and working with the Department of Mines, Industry Regulation and Safety for excess tonnage application.

Mt Oscarwitts

rock chips of 21.5 g/t Au. 14km conglomerate . 2nd target for CSIRO exploration 
highest gold assay in rock chips of 21.5 g/t Au, this is from a ferruginous pebble conglomerate. We’ve submitted an exploration project to the Department of Mines, Industry Regulation and Safety (DMIRS) for approval; this is for 3,067 metres of trenching, 48,000 tonnes of disturbed tonnage and an initial 840 metres of RC drilling and 250 metres of diamond drilling.
As part of the Mt OscarWits iron ore rock-chip exploration, geologists sampled a conglomerate unit at White Quartz Hill with a peak gold assay of 6.38g/t Au. The conglomerate unit at the Churnside Prospect was sampled with a peak assay result of 10.93 g/t Au (average of 13.9 g/t Au primary and 7.96g/t Au repeat). The 10.93g/t Au sample was recovered from a coarse-grained clast supported cobble conglomerate and likely represents a primary placer style form of mineralisation in a high-energy environment with a high coarse gold component. The mineralised unit is bounded by a larger matrix. Also has JORC Resource of 126Mt @ 33.8% Fe grade magnetite iron ore . 

47 Patch.
First CSIRO exploration target for Conglomerate gold.

Not much is know about 47 patch other than Novo was wanting the ground and a lot of gold is being pulled from this area. Watch for updates over the next month or two.

Weerianna

  • 45m @ 3.1 g/t Au from 28 metres (WRC133)
  • 19m @ 4.05 g/t Au from 1 metres (WRC36)
  • 16m @ 15.35 g/t Au from 15 metres (WRC116)
  • 9m @ 21.5 g/t Au from 87 metres (WRC140)


In early 2017, we commenced a 1,975m trenching program to further prove this resource which is conveniently located close to roads and towns, to provide easy trucking access to the Radio Hill plant, if we can prove this resource. Fortunately, we already have a JORC (2012) compliant Inferred Mineral Resource of 70,000 oz of gold. The gold mineralisation outcrops at surface and is associated with quartz veining within chlorite-serpentinite schists, with variable degrees of silicification and carbonate alteration.

Purdy’s Reward


conglomerate sampling returns gold grades including 87.7g/t, 46.1g/t, 17.7 g/t, 15.7 g/t and 10.6g/t.
Basement (Dolerite) sampling, below the conglomerates, returned gold grades up to 4.1 g/t.
Bulk sample size has now increased to ~6 tonnes per sample from 300kg. 

Currently the jewel in the Pilbara conglomerate gold play . Mystery surrounds the total length of the conglomerate. 1.5-2km has been noted in most reports but from site visits and company interviews it appears to be 6km plus. Its a nuggetty deposit so needs much larger samples (possibly know from the start). Fine gold showed up in early samples but supposably does not exist . Although over 6 months exploration work has been carried out by JV partner the market and followers still get mixed messages. We know they have been looking at the at surface section....what's under cover?? . Its the pawn in the chess game or is it the queen? time will tell . One thing is fact ...is a rich deposit but how much is there??. 4m to 14m thick....does it get thicker towards the tenement boundary? is it thicker through the mystery missing 4 plus km?. One thing for sure at this point .....it has driven both Artemis and Novo to attack the non JV ground. To be continued.....

Mt Clement-Paulsens (Au, Ag)
JORC resource: 64,400 ounces of gold and 618,500 ounces of silver.

As announced in February 2017, showed exceptional gold recoveries at over 97% using Nagrom’s LeachWEL bottle roll test to extract the cyanide soluble gold and announced that the metallurgical test confirms the Mt Clement-Paulsens project is amenable to conventional cyanide leaching. We’re working towards a Feasibility Study for an open pit and heap leach gold operation with Northern Star.
Blackrock Metals Pty Ltd – are also interested in the precious metals at Mt Clement-Paulsens. In May 2017, signed a MoU to commence a full scoping study of the gold and silver project. Blackrock is a specialist operator with significant experience in operating heap leaching and processing facilities for precious metals. We’re co-funding the study (50/50) but Blackrock is managing the study.

Munni Munni
1.14Moz palladium, 0.83Moz platinum, 152Koz gold and 76Koz rhodium.
Significant Fortescue group sediments 
20km south west of Purdy's reward along trend

Gets brought up a bit and could be a dark horse in the conglomerate play as the exploration trickles deeper . CW will play a part in munni munni. Watch this space.

Elysian / Hard Rock Tenements
Was what a few wanted , namely Novo......ended up in Artemis hands and includes 47 patch. Game changer some have said.......time will tell .
MacArthur Tenements 
Looks exciting and was a steal as some vocal in the Pilbara gold circles have said . Lets see.
CDT (Castle Minerals Limited)
Took a 4% stake . Ground looks the goods. I bet is Artemis will take control.

Non Gold 

Ruth Well Nickel/Copper/Cobalt
Project licence approved by DMIRS.
11 metres @ 4.3% nickel, 1.5% copper, 0.13% cobalt, from 55m (RWRC218),3 metres @ 6.0% nickel, 1.2% copper, 0.18% cobalt from 69m (RWRC230), including 1 metre @ 13.8% nickel, 1.7% copper, 0.41% cobalt, from 70m; 4 metres @ 5.4% nickel, 3.0% copper, 0.17% cobalt from 79m (RWRC220), including 1 metre @ 15.9% nickel, 6.7% copper, 0.49% cobalt from 81m

plans are to get drilling here as quickly as possible and see if we can add Ruth Well in to the Radio Hill plant feed schedule. Previous drilling has intersected high grade nickel/copper and cobalt close to surface. Could possibly be blended with CC or radio hill.

Carlow Castle

JORC 2012 compliant Indicated and Inferred resources at 0.05% Co cut-off grade, have increased to 2.3 Mt @ 1.3 g/t Au, 0.11% Co, 0.5% Cu & 1.6 g/t Ag within a global resource of 4.5 Mt @ 0.9g/t Au, 0.07% Co, 0.4% Cu & 1.3 g/t Ag. 
Deposits remain open and further drilling is planned in Q1 to expand resources. 
Open Pit optimisation studies and scheduling have commenced.

Will Artemis mine Carlow Castle this year? excellent grades with high potential of resource growth. One of the major plays for Artemis. 
Radio Hill

Nickel/Copper/Cobalt mineralisation extends to surface, as evidenced by the 1985/86 historic metallurgical test pit.81 hole (9,000 metre) RC drill programme planned to design open pit to a vertical depth of 70 metres.
Radio Hill remains principally unmined from a depth of 70 metres to near surface. Outcrop position (Test Pit) is only 400 metres from Radio Hill Plant.
Fully approved Mining Lease with Heritage Agreements and Aboriginal Surveys in place. 
Programme of Works approved from the DMIRS. 
Drill rig is booked for 10 January 2018. Plans to drill primary sulphide mineralisation to measured/indicated JORC category. 
Open pit designs and approvals to be completed prior to Radio Hill Plant recommissioning, scheduled for June 2018. Plans underway to fast track Radio Hill Stage 2 upgrades to +1 million

Well the drill has been drilling away as I have seen in action . Will be part of the mining schedule in 2018 . Mining cost and ore transport to plant will be low ......truck only needs to travel 400 or so meters .
This is just a few of the non gold plays but the ones I think will play a part in the short term to get feed into the plant this year. Artemis have around 300.000 ton of copper/cobalt/nickel ore sitting on the deck ready to go.
Interesting times , Fantastic gold and EV to bring to market with solid pricing across the board.
$25 million cash
4 million novo shares

Thu, Mar 1, 2018 - 11:53pm
Clarki Stomias
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Artemis begins test mining on 47 Patch

Markedtofuture posted this announcement on the main site but figured I’d put it here as well for posterity. 

https://www.asx.com.au/asxpdf/20180302/pdf/43s3k19475xp0j.pdf

Thu, Mar 22, 2018 - 7:21am
SilveryBlue
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Artemis deep drilling

https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDY...

3300m drilling.

I reckon they are going straight for the Chinese mint. Good luck with that.

Fri, Mar 23, 2018 - 7:19pm
Clarki Stomias
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List of the "Pilbara Sisters"

Although this is article is about what institutional investors are waiting for before investing in the Pilbara, it's the only place I've seen all the miners listed in one place. Worth the archiving just for that list. (And again I need to credit this one to markedtofuture, who posted it on the Artemis board on ceo.ca.)

https://stockhead.com.au/resources/large-investors-watching-pilbara-gold-story-sidelines/

Wed, Apr 25, 2018 - 11:05am
phil288
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Novo's Latest report

It appears that no grades will be discussed for another few weeks. On the other hand the picture #3 from the report shows a series of nuggets, approximately 80 from the bulk sample. It appears to me that there could well be 8 to 10 grams per ton in these nuggets alone. Obviously I have no clue about the actual weight from just a picture but I would be interested in the opinion of others on this matter. My guess is that the market place does not like waiting, but such is life. I don't see anything negative in the report at all.

https://resource.globenewswire.com/Re/_modules/bCMS/content/forms/source/Download/cd967b19-0341-4ec0-a1f0-c2521a171191

Wed, Apr 25, 2018 - 4:23pm (Reply to #151)
cavalier
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Delay not good, but no bad news

I agree that there was no per se bad news in the news release, however, the constant promise of results by a certain date and failure to meet those dates is disappointing. It is certainly disappointing to those people who purchased the stock in hopes of a quick pop by the end of April, and many of those people probably exited the stock this morning.

The complete silence on the Purdy's bulk samples is also curious. Maybe they are not that good, maybe they are very good, maybe Novo has just moved on to Comet Well and will let Purdy's sit since they control that project. Maybe the grades at Comet Well are very good (my personal opinion) and there are discussions going on with potential miners and or joint venturers. The fact that this week Sprott Capital put money into Pacton Gold indicates to me that Eric Sprott is still a believer in the Pilbara and that there is a lot going on behind the scenes that we do not know about. Sprott is a deal maker and must be thinking about or discussing several deals. Certainly companies like De Grey and Kairos are possible takeover targets, but no one knows what is there and what the grade is. At least none of us.

People on CEO speculated how much the nuggets weighted and were generally in your ballpark.

Novo is an exploration company and will need to bring in someone else to do the mining. They have a lot of land to explore.

Good luck to all.

Mon, Apr 30, 2018 - 3:28am
jaba
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Polis Chysochous
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Novo's Comet Well - Latest Post From The Hedgeless Horseman

Mon, May 21, 2018 - 9:14pm
ned braden
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DGO Gold - DeGrey Mining

Fri, Jun 29, 2018 - 3:43pm
Clarki Stomias
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Worth Saving - Novo’s Comet Well/Purdy’s Reward Mining strategy

Tue, Jul 3, 2018 - 12:12am
Clarki Stomias
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Detailed Pilbara Tenements map

https://hotcopper.com.au/threads/pilbara-tenements-ge-mapping.4278711/?post_id=34065963#.Wzr2OhZMGEd

Needless to say, ALWAYS scan any file you download from the internet for viruses BEFORE opening. I don’t want to have a bunch of Turdites angry at me because I pointed them to a .zip file with half a dozen Trojans and keyloggers on it.

I can’t vouch for the source as it comes from the hotcopper messsage board. 

So.

Scan it first. 

Wed, Jul 25, 2018 - 3:20pm
CaptK
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RedCloudKS Pilbara update July 25, 2018

Wed, Aug 8, 2018 - 8:50pm
Clarki Stomias
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Novo Corp Presentation - 2018 Diggers & Dealers Conference

Slide 8 seems to be key - insinuating that this is indeed a witwatersrand analog.

https://novoresources.com/_resources/presentations/Novo-Resources-corporate-presentation-Aug-8-2018-video.pdf

Thu, Aug 30, 2018 - 6:10pm
phil288
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Connecting Some Dots

Yesterday it was announced that Northern Star Resources was purchasing the Pogo mine in Alaska from Sumitomo Mining and Metals for $260 million U.S. Pogo is a profitable underground mine in my home state. Northern Star should do well with this as they are excellent underground miners. Now my inference is that maybe Sumitomo is raising cash to prepare to do something on Beaton's Creek, on which, I believe, they they have an option with NOVO. If these dots can be connected then it would appear that NOVO may have more than one announcement in the near future about forthcoming development plans. Were NOVO and Sumitomo to advance BC, then additional funding could be available for NOVO's Pilbara operations. Any comments about this would be appreciated.

Thu, Sep 20, 2018 - 2:23pm
Clarki Stomias
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Pilbara Tenements Map - Updated with Pacton

Mon, Sep 24, 2018 - 1:41am
Clarki Stomias
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CEO.ca ost of Central Egina zone Pilbarra maps

Newest theory is that the gold in that area will be hosted in coarse gravel that can just be bulldozed up. Extreme low AISC.

https://ceo.ca/nvo?c9734b3adb9f

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