Announcement Date: 2022-08-22
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Nova Minerals Ltd.
Project name: Estelle
Location: United States
Commodities: Gold
Highlight: Drilling results incl. 258m @ 5.1g/t Au from 0.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Nova Minerals Limited (Nova or the Company) (ASX: NVA, OTC: NVAAF, FSE: QM3) is pleased to announce further broad, shallow, and high-grade gold results at the RPM North Deposit, within the Company’s flagship Estelle Gold Trend, located in the prolific Tintina Gold Belt in Alaska. RPM Drilling Summary Infill and extensional resource drilling at RPM is currently ongoing with drill rigs at both RPM North and RPM South. The latest results continue to not only prove up, but now also extend, the areas of high-grade gold mineralization (+2g/t) at the RPM North resource area. Drill holes RPM-015 and RPM-018 were completed as step out holes to test the continuity of highgrade mineralization around hole RPM-005 to prove up and extend the resource beyond the current RPM North Deposit. Results from both RPM-015 and RPM-018 extend out from previous results from RPM-005 (ASX Announcement: 11 October 2021 – 400m @ 3.5 g/t Au, including 132m @ 10.1 g/t Au) and RPM-008 (ASX Announcement: 8 August 2022 – 260m @ 3.6 g/t Au, including 140m @ 6.5 g/t Au) which confirms continuity of the high-grade gold zone from surface to a depth of over 250m tested thus far, and remains open at depth (Figure 1).
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