ESS 0.00% 50.0¢ essential metals limited

Thanks@ZuluMojo. Continuing your...

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    Thanks@ZuluMojo.

    Continuing your post...
    https://www.novoresources.com/news-media/news/display/index.php?content_id=361

    Highlights:

    • Metal detecting and gravity processing of 281.9 cubic meters of surface lag gravels yielded a total of 292.38 grams of coarse gold nuggets.* Of particular note, sample EGBS016 yielded 118.59 grams of gold nuggets from 80.3 cubic meters of gravel, and sample EGBS017 yielded 123.47 grams of gold nuggets from 66.8 cubic meters of gravel (please refer to nearby table of results and Figure 1 for sample locations). Novo considers these results very encouraging given many alluvial gold deposits display grades significantly below one gram per cubic meter.
    • Gold-bearing gravels lie at surface under a thin veneer of sandy soil. Novo is currently evaluating extraction options that are potentially simple and cheap including continuous mining methods.
    • All gold discussed in this news release is coarser than one mm (Figure 2). Such coarse gold presents opportunity for simple and cheap extraction methods including “dry” techniques that do not require water. Novo is currently investigating use of mobile eddy current separators and other effective, state-of-the-art processing technologies as potentially viable methods of gold recovery.
    • Bulk sampling was undertaken across a 64-m wide nugget-rich zone within a broad topographic depression, or swale, identified by ground penetrating radar (“GPR”). Novo is growing more confident that GPR can help identify target areas to help guide future exploration.
    • The combination of exploration trenching and metal detecting followed up by bulk sampling and processing has proved to be highly effective at evaluating the gold-bearing gravel potential of the vast terrace at Egina. Upon upcoming heritage clearance, Novo anticipates expanding such exploration activity elsewhere within the Egina mining lease.
 
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