Commences Environmental Studies for Korbel Main Deposit
Melbourne, Dec 9, 2020 AEST (ABN Newswire) - Nova Minerals Limited (
ASX:NVA) (QM3:FRA) (NVAAF:OTCMKTS) is pleased to announce it has engaged key environmental and permitting specialists, independent consultancy Jade North, LLC to advance work on baseline environmental studies and develop a plan and schedule for permitting at the Korbel Main deposit in Alaska.
Highlights:
- Jade North, LLC appointed to advance Environmental work program and provide Permitting guidance at Nova's 3.3Moz Korbel Main deposit in Alaska
- Nova has retained Environmental and Permitting Specialists Ed Fogels and Bob Loeffler, Principals at Jade North, to build on Nova's ESG commitments
- Baseline environmental field studies to begin shortly
- Nova's resource drilling program continues at the Korbel deposit
- The Company is on track to deliver an updated Mineral Resource and PEA in 2021.
NVA CEO, Mr. Christopher Gerteisen commented:
"Environmental baseline studies have commenced at Korbel. The appointment of these key consultants is part of our proactive strategy to advance work on project studies well ahead of schedule. The team at Jade North have invaluable experience working successfully within the framework of the Large Mine Permitting Team, the government mechanism set up by the State of Alaska to streamline the permitting process for projects of the scale and scope we are aiming for at Korbel. It is critical we start our environmental studies now with baseline data collection and map out a clear path to follow to obtain the necessary approvals in a timely manner. This is all part of Nova's fast track path to production.
When looking at characteristics such as size and geochemistry, the Estelle Gold project shares similarities to the Fort Knox and Pogo mines. The Estelle Gold Project is ideally located on State Land only, a relatively favourable position in terms of land tenure and permitting.
Our environmental studies will run in parallel with technical studies while drilling continues on-site as we target the delivery of an updated resource in 2021. In Addition, this updated Mineral Resource and results from the Phase 2 metallurgical test work program will underpin a PEA scheduled for 2021."
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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