Revised-Potential for a Globally Sgfnt Gold Proj at Estelle
Melbourne, Dec 6, 2018 AEST (ABN Newswire) - The directors of Nova Minerals Limited (Nova or Company) (
ASX:NVA) (QM3:FRA) are pleased to announce a significant upward revision to the Estelle Exploration Target Estimate (EETE) to 2.2 to 5.3 Moz gold based on the results of the scout drilling and the utilisation of pathfinder element geochemistry obtained from the chip samples/mapping campaign completed this past summer on the Oxide gold prospect.
HIGHLIGHTS
- Pathfinder element geochemistry demonstrates major gold system situated in an emerging large scale gold camp
- Upward revision to the Estelle Exploration Target estimate that will provide additional potential mineralisation to one of 15 significant targets
- Exploration Target* supported by whole rock analysis, chip sample assay assessment, historical drilling, scout drilling, detailed geological modelling and analysis of geophysical data
- Further focused geophysics surveys are planned to refine the existing targets and define new targets for the next round of drilling at Oxide
The new data from Oxide adds an exciting new dimension to the Company's ongoing search for a world-class gold deposit that shares many similar characteristics with the Pebble Project in Alaska. Analysis of all the data collected during the limited summer field season demonstrates that the Oxide project has the potential to host large scale bulk minable mineralisation and the project remains firmly on track regardless of the minor delays in drilling. The Oxide prospect is one of 15 highly prospective occurrences on the Estelle project and these outside occurrences may also host large-scale gold mineralisation.
To view the full release including tables and figures, please visit:
http://abnnewswire.net/lnk/7T3N59D5
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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