- Nova Minerals (NVA) has engaged SnowCat Services of Alaska’s services for its Estelle Gold Project
- With its current 2.5 million ounce resource, the company is now looking to establish a permanent foothold at the project
- After successfully confirming its maiden resource at Estelle, Nova plans to fast track exploration at the project with an aim to progressively expand the resource base
- Nova’s share price is steady today with shares trading for 3.7 cents apiece
Nova Minerals (NVA) has engaged the services of Snow Road experts and logistics solution provider SnowCat Services of Alaska
With priority drill targets established to increase the current 2.5 million ounce resource in size and confidence as well as explore additional targets, Nova is now moving forward with critical procurements and the logistics required to establish a permanent foothold at the Estelle Gold Project.
The Estelle Copper-Gold Project is comprised of 346 State mining claims and covers 220 square kilometres of unpatented mining claims on State of Alaska public lands.
The project is located approximately 110 miles northwest of Anchorage and approximately 112 miles southeast of McGrath.
“We are pleased to be rapidly progressing the project outlined in our indicative timeline set out as we embark on our efforts to significantly increase our 2.5 million ounce gold resource in size and confidence,” Managing Director Avi Kimelman stated.
After successfully confirming its maiden resource at Estelle, Nova plans to fast track exploration at the project with an aim to progressively expand the resource base.
Nova’s funds will be invested in a series of ongoing exploration campaigns such as targeting, mapping, and drilling programs, across the project.
Immediate priorities will include a resource upgrade at Oxide Korbel Blocks A and B as soon as practical, additional drilling at Oxide Korbel Blocks C and D.
Nova will continue updating the market on its exploration progress and results, and will also seek to fast track preliminary economic evaluation on the Oxide Korbel resource area.
Nova’s share price is steady today with shares trading for 3.7 cents apiece at 2:58 pm AEDT.