Join our daily newsletter At The Bell to receive exclusive market insights
Explorer Nova Minerals (ASX:NVA) continues to expand its Estelle gold and critical minerals project in Alaska, with further success from its CY25 surface sampling program in the RPM regional and ridgeline area.
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.
New high-grade gold samples of up to 24.6 grams per tonne gold have been discovered adjacent to RPM and along the northern end of the main ridge.
Nova’s general manager, Hans Hoffman, told shareholders that field observations and CY25 surface assays have identified new anomalies emerging to the west of RPM and along the northern end of the main RPM ridgeline.
“Integrated geological, geochemical, and geophysical data, including initial interpretations from drone magnetometry 3D inversion processing, all support a compelling drill target at the northern extension,” he said.
“Surface sampling has returned multi-gram gold assays from stockwork quartz veining in both hornfels and intrusive host rocks, with magnetic signatures along the ridgeline showing strong analogies to the main RPM deposit.”
Nova will make drill testing of these anomalies a high priority for its CY26 program, especially because it has high hopes that it will deliver upside.
“Given its strategic location along access routes to RPM, any success here has the potential to deliver substantial upside,” Mr Hoffman said. “It’s too early to say what we have found a couple kilometres to the west, but with grades up to 24.6 g/t, we will definitely be back in 2026 to expand on this anomaly.”
Highlights of Nova’s recent work included the collection of three rock samples grading around 10 g/t, including a high of 24.6 g/t and three soil samples grading approximately 1.0 g/t. with a peak of 5.5 g/t.
“These results build on earlier surface reconnaissance along the RPM ridge line, which previously returned 20 rock samples around 1.0 g/t. with a high of 52.3 g/t and 11 soil samples of around 0.5 g/t, with a high of 4.8 g/t,” Mr Hoffman said.
The upside at Estelle was identified in an extensive surface exploration mapping and sampling program led by Mr Hoffman in CY25.
The Australian company’s future work will include airborne geophysical surveys to commence in the northern spring, CY26.
NVA is down -6.43% to 80c early on Monday morning.
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.
