Exploration Drill Results Report Gold Mineralisation at Officer Hill
Melbourne, Jan 11, 2019 AEST (ABN Newswire) - The directors of Nova Minerals Limited (Nova or Company) (
ASX:NVA) (QM3:FRA) are pleased to announce encouraging drill results at the Officer Hill Gold Project in joint venture with Newmont Tanami Pty Ltd (Newmont) (a wholly owned subsidiary of Newmont Mining Corporation). The Officer Hill Project within EL23150 covers 206km2 and is located 34km south west of the Callie deposit which is part of Newmont's Tanami Gold mine operation. The exploration program is targeting Callie-style mineralisation within EL23150.
The best assayed results to date are from diamond drillhole OHD0003 with 4m @ 2.49 g/t Au, including 0.5m @ 12.6 g/t Au. A second intersection below this returned 1m @ 19.69 g/t Au (see Table 1 and Figure 1 in link below).
Mineralisation within OHD0003 is quartz-chlorite-pyrite vein hosted. Veins are present within variably bedded sandstone and laminated siltstones. Alteration is dominated by the regional green schist facies metamorphic assemblage.
An aeromagnetic and gravity survey was acquired across the entirety of the project area and will be used to assist the geological interpretation.
NVA Managing Director, Mr. Avi Kimelman said:
"We are encouraged by the initial results returned from the diamond drilling program on the Officer Hill Gold Project.
"Concurrent with Officer Hill exploration program, Nova is in the process of planning its next stage of exploration and reconnaissance activities for 2019 at the Estelle Gold Project and Thomson Brothers Lithium project operations and corporate development strategy which will deliver a parallel approach to enhance shareholder value across our company's project portfolio."
Nova will separately update the market on the current and proposed 2019 exploration and corporate development programs across the company's project portfolio in due course.
To view tables and figures, please visit:
http://abnnewswire.net/lnk/D88Z621O
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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