Further Gold Zone Extension Confirmed at Korbel Main
Melbourne, Feb 8, 2021 AEST (ABN Newswire) - Nova Minerals Limited (
ASX:NVA) (QM3:FRA) (NVAAF:OTCMKTS) is pleased to provide an update on further drilling results at the Company's flagship Estelle Gold Project located in the prolific Tintina Gold Belt.
Near surface, broad intersections at Korbel Main significantly extend the gold mineralisation footprint in the South-East and North-West to over 1600m in strike Latest results confirm extensive mineralisation at Korbel Main.
Results continue to show strong correlation between gold mineralization and IP Chargeability Anomalies.
Recent significant intercepts include:
- KBDH-054 527m @ 0.3 g/t including
o 107m @ 0.5 g/t
o 55m @ 0.5 g/t
o 9m @ 1.4 g/t
o 12m @ 1.0 g/t
o 9m @ 1.5 g/t
o 3m @ 3.1 g/t
- KBDH-045 253m @ 0.3 g/t including
o 113m @ 0.5 g/t
o 46m @ 0.6g/t
o 18m @ 0.7g/t
Established 3.3Moz gold resource at Korbel Blocks A and B supported by initial 16 holes (Korbel represents one of fifteen known occurrences on the Estelle project; ASX 5 October 2020)
o Updated Mineral Resource estimate now scheduled for early Q2 2021 supported by a total of 92 holes completed to date at the Korbel Main deposit (PAD1-4, 6, 8 and additional RC holes on Block C).
NVA CEO, Mr. Christopher Gerteisen commented:
"We are yet to find the extent of the Korbel Main system and continue to encounter wide gold mineralization intercepts, further expanding the footprint. Hole KBDH-045 significantly expands the resource footprint to the NW, indicating the potential for Block D and Isabella to converge into Korbel Main as drilling progresses. Hole KBDH-054 continues to confirm that the SE is an extension of the Korbel Main deposit. The SE extension zone should add significantly to the Korbel resource inventory. All holes drilled until 31 December 2020 are now in the lab being processed, including PAD6 and 8 along with PAD1 to 4 and the new RC holes in Block C, all to be added into the upcoming resource statement due early Q2 2021.
We have a large volume of samples in the lab with results now streaming in. We expect frequent news flow over the coming weeks as we continue to unlock the Korbel Main deposit and the greater Estelle gold district this year."
To view tables and figures, please visit:
https://abnnewswire.net/lnk/N2UZSK9P
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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