Thanks a lot again Cosmoman. (I've attached a few note extracts...

Thanks a lot again Cosmoman. (I've attached a few note extracts from QH's recent discussions here and there to look at for others to catch up as well).

“Novo’s Egina project lies in the heart of the Pilbara conglomerate gold province approximately 120 km east of Novo’s Karratha gold project. Upon recognizing its conglomerate gold potential, Novo began applying for multiple exploration licenses covering much of the core area beginning in 2017.

September 2018, Novo announced two transactions; the acquisition of private company Farno-McMahon Pty Ltd (“FM”, and a joint venture with ASX-listed Pioneer Resources Limited, increasing Novo’s Egina project to 948 square km. Importantly, purchase of FM included granted mining leases M47/560 and M47/561 covering approximately 11.8 square km of key target areas. The farm-in and joint venture with Pioneer was finalized in September 2018 and the acquisition of FM was finalized in October 2018.

Like Novo's Karratha gold project, Egina is an important part of the Pilbara conglomerate gold province. Not only does Egina have potential to host significant deposits of gold-bearing conglomerates, weathering and erosion appear to have liberated considerable gold from these rocks and redeposited it into extensive surficial lag gravel deposits blanketing much of the area. Gold-bearing gravels can easily be explored as described in Novo's aggressive exploration program described

Egina is an important part of the Pilbara conglomerate gold province. Not only does Egina have potential to host significant deposits of gold-bearing conglomerates, weathering and erosion appear to have liberated considerable gold from these rocks and redeposited it into extensive surficial lag gravel deposits blanketing much of the area. Gold-bearing gravels can easily be explored as described in Novo's aggressive exploration program described below.

Three styles of gold mineralization are recognized at Egina: 1) basal Fortescue gold-bearing conglomerates like those at Novo’s Karratha gold project, 2) gold-bearing, deflationary and/or marine lag gravels blanketing an erosional terrace covering most of the Egina area, and 3) lode gold mineralization hosted by the underlying Mallina Basin assemblage.

Given the large size of the target, Novo considers the gold-bearing terrace lag gravels to be the most important immediate target at Egina. Gravel deposits form a continuous sheet across much of the terrace. Where they have been trenched, they are up to 1.5 meters thick and weakly consolidated. Lag gravels rest on weathered Mallina Group sedimentary rocks, and up to 1 meter of soil and sand overlie them.

Novo has discovered considerable cobbles and boulders of weathered Fortescue-type conglomerate within the lag gravels. Particulate gold has been observed in the matrix of some conglomerate boulders. A few gold nuggets that have been recovered from trenches at Egina remain partially encased in ferruginous rock matrix, some of which display a distinctive melon seed shape similar to nuggets observed at Karratha. Remarkably, halos of fine-grained gold are evident in the residual rock matrix surrounding these nuggets, again strikingly similar to that observed around in situ nuggets at Karratha. Novo firmly believes much of the gold in lag gravels is derived from geologically recent weathering and erosion of Fortescue-type conglomerates that once blanketed this area.
2018/2019 Exploration Plans

• Systematic sampling of
  • largely unworked areas of lag gravel within M47/560
  • gravels already excavated but not processed by FM that have shown appreciable fine gold in preliminary testing
• Geophysical testwork including ground penetrating radar and ground magnetics to define terrace and channel geometries
• Trench mapping and survey pickup to delineate gravel horizons for input into a 3D model
• Conduct broader-spaced program of alluvial sampling for fine gold and develop coarse gold assessment strategy
• Assess Novo’s IGR3000 alluvial processing plant for suitability and engineering modifications ahead of bulk sampling of the terrace gravels in 2019
• Regional 1:2,500 scale mapping to define areas of conglomerate gold and basement gold potential of the terrace gravels as well the best means of processing. Current permitting allows for up to 50,000 tonnes of gravel to be excavated and processed at Egina, subject to appropriate heritage clearances.
• Work at Egina is on hold during the rainy season lasting until late March, 2019. Plans are currently being made to resume aggressive bulk sampling and processing on the Egina mining lease to evaluate the geologic potential of the terrace gravels as well the best means of processing. Current permitting allows for up to 50,000 tonnes of gravel to be excavated and processed at Egina, subject to appropriate heritage clearances.
• This is end of discussion Metal News (Thanks Lockitt): Dr. Q Hennigh: The third project we have is called Egina. Egina is a conglomerate-hosted system like the one we have at Karratha. But we also find places where the gold-bearing conglomerates have eroded in recent time. The nuggets that are trapped in those conglomerates have been liberated and then reworked into modern-day gravels. So we are exploring not only for conglomerates, but we're also looking at the potential for gold deposits in modern, reworked gravels that have been derived from those conglomerates. It's a very large system, on the order of many hundreds of square kilometers. We see potential there for a very, very sizable deposit.------------”
  
  Well---- Sounds like Egina could be special in that it has potential not only for conglomerate gold in the modern day reworked gravels but also showing added potential for gold deposits in this mix. They're cutting their teeth on Beacons Creek (1) & Karratha (2); following with the hard work and developed knowledge in these precincts makes it smoother for (3) the new kid on the block Egina, to show what it's got. Soz to some, DC could be lucky again the way it's panning out. A lot to follow with interest from now on. DYOR