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.
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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.
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