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- Nova Minerals (NVA) intersects further visible gold at its RPM deposit, located within the company’s flagship Estelle gold project in Alaska
- The drillhole was the target of a potential eastern extension of Nova’s RPM North bonanza zone which has a total planned depth of 325 metres
- Drilling is ongoing and the core is being processed on-site through the ALS analytical laboratory with assays expected in September
- NVA awaits its next round of drilling at its Train prospect and will work to firm up RPM-style high-grade mineralisation to establish another resource deposit
- NVA shares are up 1.52 per cent, trading at 33.5 cents at 3:24 pm AEST
Nova Minerals (NVA) has intersected further visible gold at its high-grade RPM deposit, located within the company’s flagship Estelle project in Alaska.
More than one per cent of visible gold was found disseminated in a quartz vein through one drill hole to a depth of 68 metres.
The drillhole was the target of a potential eastern extension of Nova’s RPM North bonanza zone, which has a total planned depth of 325 metres.
Drilling is ongoing with the hole currently at 120 metres, and once complete the core will be processed on-site and sent to the ALS analytical laboratory for assaying, with results expected in September.
In the meantime, the company continues to drill across the RPM North bonanza zone to increase and prove up the high-grade resource.
“This is the most impressive specimen of visible gold seen thus far at RPM, and it’s very encouraging, as this drill hole is targeting the extension of the mineralisation along strike to the east of the high-grade RPM North bonanza zone,” NVA CEO Christopher Gerteisen said.
“While assays are pending, and drilling continues, we are attaining a better understanding of the complex controls on mineralisation at these very high-grade RPM-type mineralised systems which exist across Estelle, to further unlock the significant gold endowment within the project area.”
NVA eagerly awaits its next round of drilling which will take place at its Train prospect, and it will work to firm up RPM-style high-grade mineralisation to establish another resource deposit.
The company continues to delineate results as it works through its 2023 resource drilling program. Meanwhile, its 37 per cent owned Snow Lake Resources preliminary economic assessment (PEA) is aimed to be reported this month.
NVA shares were up 1.52 per cent, trading at 33.5 cents at 3:24 pm AEST.
