Research Note: Bonanza Grades at RPM North
Sydney, Oct 13, 2021 AEST (ABN Newswire) - Nova Minerals Ltd's (
ASX:NVA) (QM3:FRA) (NVAAF:OTCMKTS) RPM prospect results confirm the excellent prospectivity of the Estelle mining claims block (324 km2 or 125 sq. miles). RPM is only one of 15 priority targets identified across the property.
Funding: NVA raised $12m @ $0.11 in September, complementing a cash balance in excess of $15m as at 30 June 2021. As such NVA appears well funded to run in parallel the Korbel resource drilling (resource currently standing at 4.7 moz @ 0.3 g/t Au) and the RPM exploration drilling.
Investment Perspective: Subject to further drilling success, this truly exciting discovery could well add tremendous value to NVA shareholders.
To view the Research Report, please visit:
https://abnnewswire.net/lnk/O4HFABW3
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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