Research Report
Sydney, Jan 7, 2020 AEST (ABN Newswire) - Martin Place Securities Commissioned Research Report - Nova Minerals Ltd (
ASX:NVA) (QM3:FRA) - Update
Key Points
- Maiden 2.5Moz Inferred JORC Resource achieved in Sept 2019
- Resource size 181m tonnes @0.43g/t Au at 0.18g/t cut-off
- Korbel is a near-surface, large scale and low strip IRGS deposit
- Blocks A & B are open at depth and along strike
- Resources drilling program underway in early 2020
- Expect resource upgrade to double current resource base
- Follow up drilling on RPM target - 102m @1.04g/t Au
- Estelle tenement area extended by 85% to 220km2
- Tenements have 15 known gold prospects so far
- Estelle value could exceed $0.20/NVA share
To view the Report, please visit:
https://abnnewswire.net/lnk/CI7V49QY
About Martin Place Securities
Martin Place Securities is Australia's Boutique Resources Investment Firm, specialising in emerging mining, resources and energy companies.
MPS was founded in October 2000 to provide a link between Australian resource sector opportunities and investors from major financial centres in Europe, North America and China. We are well known for identifying and financing early stage prospects that develop into successful growth companies.
MPS provides services in Corporate Advisory, Stockbroking, Investment Research and Education.
About Nova Minerals Limited
Nova Minerals Limited (ASX:NVA) (FRA:QM3) is a Gold, Antimony and Critical Minerals exploration and development company focused on advancing the Estelle Project, comprised of 514 km2 of State of Alaska mining claims, which contains multiple mining complexes across a 35 km long mineralized corridor of over 20 advanced Gold and Antimony prospects, including two already defined multi-million ounce resources, and several drill ready Antimony prospects with massive outcropping stibnite vein systems observed at surface. The 85% owned project is located 150 km northwest of Anchorage, Alaska, USA, in the prolific Tintina Gold Belt, a province which hosts a >220 million ounce (Moz) documented gold endowment and some of the world's largest gold mines and discoveries including, Barrick's Donlin Creek Gold Project and Kinross Gold Corporation's Fort Knox Gold Mine. The belt also hosts significant Antimony deposits and was a historical North American Antimony producer.
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