Join our daily newsletter At The Bell to receive exclusive market insights
Nova Minerals (ASX:NVA) has shared the highest-grade drill results it has landed to date at its RPM Valley deposit, intersecting 0.5 metres at 364 grams per tonne gold, marking a “significant advancement” for the Alaskan project.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
Looking closer at the results: Closely spaced infil drilling at RPM Valley through CY25 returned multiple broad gold intercepts above one gram per tonne, including a “standout” of 0.5 metres at 364g/t gold from 101 metres.
Most notably, visible gold was spotted in the core from that particular interval; the Australian explorer says this is RPM Valley’s highest-grade hits drilled to date − and, even better, a project high for Estelle as well.
“This [is] a significant advancement… and further validates the scale and quality of the gold system identified,” Nova chief Christopher Gerteisen said.
He continued: “The consistency of mineralisation over long intervals and across hundreds of metres reinforces our view that RPM Valley has both the continuity and scale required to underpin a potentially significant mining operation, with additional upside to soon be assessed through further drilling.”
“With all assays now received from the 2025 RPM infill and step-out drilling program, we expect these results to positively inform the next resource update.”
Next − Nova will be working hard on an MRE update, with that validation to be built on drilling campaigns across Estelle from CY23 through to CY25. Pre-feasibility study level work is also ongoing, including metallurgical testing.
Through Tuesday morning trade, NVA is up +2.4%, to $1.06.
Join the discussion. See what HotCopper users are saying about Nova Minerals Ltd and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
