Korbel Main drill results establish high-grade domains
New High Grade Gold Domains Within Korbel
Melbourne, Dec 1, 2020 AEST (ABN Newswire) - Nova Minerals Limited (
ASX:NVA) (QM3:FRA) (NVAAF:OTCMKTS) is pleased to provide an update on newly defined mineralized extensions at the Company's flagship Estelle Gold Project located in the prolific Tintina Gold Belt.
New results confirm high-grade gold domains at Korbel Main where they remain open along strike
Focused exploration on Pad 6 continues in the high-grade zone South-East and potentially expands South-West
Diamond drill hole intercepts at Korbel include (Table 1*):
- 420m @ 0.4 g/t Au from 27m KBDH-005
- 341m @ 0.5 g/t Au from 27m KBDH-005
- 174m @ 0.6 g/t Au from 157m in KBDH-005
- 147m @ 0.6 g/t Au from 218m in KBDH-005
- 21m @ 1.5 g/t Au from 255m in KBDH-005
- 14m @ 1.1 g/t Au from 305m in KBDH-005
- 549m @ 0.3 g/t Au from 3m in KBDH-024
- 339m @ 0.4 g/t Au from 3m in KBDH-024
- 97 m @ 0.8 g/t Au from 171m in KBDH-024
- 15 m @ 2.3 g/t Au from 180m in KBDH-024
- 6m @ 4.7 g/t Au from 189m in KBDH-024
- 3m @ 8.2 g/t Au from 192m in KBDH-024
Over 15,000m of drill samples have been submitted to ALS in Fairbanks Diamond drilling to continue unabated with over 25,000m completed to date and up to 80,000m planned for 2021
NVA CEO, Mr. Christopher Gerteisen commented: "The mineralisation within the Korbel Main footprint is particularly encouraging as the drilling has now demonstrated several well-defined mineralised domains that will be incorporated into the optimised pit model as we progress through the economic assessment.
Drilling continues unabated with one diamond drill rig at Pad 6 testing the newly defined South-East extension of Korbel Main which is contiguous to the same higher grade mineralised zone through Korbel Main. With 15,000m of drill sample results now due to come in over the short term, we look forward to updating our resource in 2021.
Nova is an ideal position to achieve our goal of progressing Korbel Main to production whilst concurrently unlocking the Estelle gold district. By implementing our dual exploration and development strategy, we will seek to maximise our ability to create value for shareholders through both resource growth and project development."
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/PO261888
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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