Continued Exploration Success at Officer Hill Gold Project
Melbourne, Jan 24, 2019 AEST (ABN Newswire) - The directors of Nova Minerals Limited (Nova or Company) (
ASX:NVA) (QM3:FRA) are pleased to announce further 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 that is part of Newmont's Tanami Gold mine operation. The exploration program is targeting Callie-style mineralisation within EL23150.
Assay results were received from diamond drill holes OHD0004-OHD0006 and included anomalous gold values; 1.0m @ 8.31g/t Au (OHD0004), 7.0m @ 0.48g/t Au (OHD0005) and 1.0m @ 1.25g/t Au (OHD0006). (see Table 1 and Figure 1 in link below).
Mineralisation within OHD0004-OHD0006 consist of quartz-chlorite-pyrite veins. These veins are present within variably bedded sandstone and laminated siltstones. Alteration is dominated by the regional green schist facies metamorphic assemblage.
NVA Managing Director, Mr. Avi Kimelman said:
"We are encouraged by the latest results from the diamond drilling program on the Officer Hill Gold Project."
"The exploration effort was designed to test a wide area and map out the larger foot print of the system. Follow up drilling is aimed at vectoring towards economic mineralistion. The continued results provide encouragement to Nova and is a testament to Newmont's ability to effectively and efficiently evaluate the tenement."
To view tables and figures, please visit:
http://abnnewswire.net/lnk/H08AWVVT
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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