- Anova Metals (AWV) has commenced the first drilling program at its Big Springs Gold Project in three years
- Big Springs is located in Nevada, U.S. and produced 386,000 ounces of gold between 1987 and 1993
- The drill rig and support equipment have arrived onsite and are ready to drill 13 holes for around 2000 metres
- The program is expected to take one and a half months to complete and results are expected in December
- Anova ended the day 7.14 per cent in the green to close for three cents
Anova Metals (AWV) has commenced drilling at its Big Springs Gold Project in Nevada, U.S.
The company said the drill rig and support equipment have arrived onsite and drilling is ready to go.
The drilling program will include 13 holes for approximately 2000 metres. Ten of those holes will be drilled at North Sammy, while the other three will be drilled at South Sammy.
Anova hasn't drilled at Big Springs since 2017 and Managing Director, Dr Mingyan (Joe) Wang, is excited to start.
"Our 2020 drill program includes drilling for resource extensions, upgrading resource categories and testing new areas to improve Anova’s understanding of the mineralisation controls at Big Springs," he said.
"The results will be utilised in combination with data obtained from the current geophysical surveys, ground mapping and re-processing of historical data to develop a robust pipeline of drill targets for 2021 and onwards," he added.
Between 1987 and 1993, the project produced 386,000 ounces of gold. However, operations ceased due to low gold prices.
The program is expected to take one and a half months to complete and results are expected in December. Anova appointed Timberline Drilling to complete the program.
Earlier this month, the company found new targets at Big Springs using a satellite hyperspectral imaging study.
On market close for the day, Anova is up 7.14 per cent, closing at three cents.