Significant Mineralisation Observed at RPM Prospect
Melbourne, July 21, 2021 AEST (ABN Newswire) - Nova Minerals Limited (
ASX:NVA) (QM3:FRA) (NVAAF:OTCMKTS) announces Significant Mineralization Observed at RPM, within the Company's flagship Estelle Gold Project located in the prolific Tintina Gold Belt.
- Historical (2012) diamond drill hole SE12-008 re-sampled returned results of (ASX 17 September 2019):
o 177m @ 0.8g/t
o incl.120m @ 1.0g/t
o and 50m @ 1.8g/t at RPM
- High-grade reconnaissance rock chip samples define an expanded footprint of the high priority targets within the RPM Prospect (ASX 22 October 2020)
o Rock samples returned high-grade gold results:
291 g/t, 103 g/t, 13.1 g/t, 9.3 g/t, 9.0 g/t, 8.8 g/t and 5 g/t
- Drilling on track with the goal of delineating a Maiden Resource by late 2021 and moving the project through the development pipeline
- Fifth drill expected onsite in coming weeks to ramp up both Korbel and RPM drilling
- Geological reconnaissance crew to commence field work to unlock further targets within the Estelle Gold District
- Assay results pending for over 10,000m of drilling from both Korbel Main and RPM
- Snow Lake Resource update due shortly
NVA CEO, Mr. Christopher Gerteisen commented: "The rocks we are observing in the drill core from the holes completed to date at RPM show we are hitting the target and intersecting the mineralized zone. Samples from holes RPM 001, 002 and 003 are now on the way to the lab for analysis. The continuity and correlation of mineralisation with the historical hole that encountered 120m at over 1g/t are further evidence of the potential of a significant intrusive related gold system at the RPM prospect (one of 15 known prospects). The drill program is ongoing over the coming months, and we look forward to bringing shareholders results as they become available.
In time, we expect to define multiple new shallow gold resources that will further support our goal of aggressively growing the resource inventory as we continue to move towards gold production at the Estelle Gold Project. We will keep the market updated on the results of these programs as we progress. We currently have 4.7Moz at the Korbel Main deposit, which represents just the beginning of our Estelle journey."
To view further details, tables and figures, please visit:
https://abnnewswire.net/lnk/198G8AZN
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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