Total
0
Shares
Estelle The Gold Project. Source: Nova Minerals
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Nova Minerals (NVA) intersects more broad, high-grade zones of mineralisation at the RPM North prospect which is part of the Estelle gold project in Alaska
  • Latest results include 1.3 grams of gold per tonne (g/t) over a very broad 175-metre interval, as well as high grades of 17.2g/t gold over three metres
  • Nova is currently drilling the Korbel Main deposit after drilling wrapped up at RPM North and it is progressing RPM’s maiden inferred resource which will be included in Estelle’s global resource update
  • Company shares are down 1.47 per cent to trade at 16.8 cents at 2:55 pm AEDT

Nova Minerals (NVA) has intersected more broad, high-grade zones of mineralisation at the RPM North prospect which is part of the Estelle gold project in Alaska.

The latest results from RPM-006 include 175 metres at 1.3 grams of gold per tonne (g/t) from surface, 61 metres at 2.9g/t gold from 56 metres, six metres at 10.3g/t gold from 56 metres and three metres at 17.2g/t gold from 108 metres.

This hole returned an overall average grade of 1g/t gold over 220 metres from surface within the RPM North mineralised zone.

Best results from RPM-004 include 259 metres at 0.5g/t gold from surface, 43 metres at 1g/t gold from 287 metres and three metres at 2.4g/t gold from 290 metres.

RPM-004 returned an average grade of 0.4g/t gold over 405 metres from surface within the RPM North mineralised zone.

These assays complement the recently reported results which included 153 metres at 8.8g/t gold from 68 metres, three metres at 97.8g/t gold from 169 metres, 98 metres at 12.6g/t gold from 95 metres.

Nova CEO Christopher Gerteisen was pleased with the results.

“These latest results at RPM North further confirm the discovery of another massive intrusive related gold system within the Estelle gold project. Nova now has two: Korbel and RPM, and we believe there are many more to come as we continue to unlock the district,” he said.

“The continuity and tenor of these drilling intersections at RPM are certainly world-class by any measure. We are now in a position to send all of the data to independent consultants to prepare our maiden inferred resource for RPM north.”

Drilling is continuing at the Korbel Main deposit ahead of the upcoming mineral resource update which will include a maiden resource for RPM.

Company shares were down 1.47 per cent to trade at 16.8 cents at 2:55 pm AEDT.

NVA by the numbers
More From The Market Herald

" Alice Queen (ASX:AQX) commences IP survey at Horn Island

Alice Queen (AQX) has commenced a second dipole-dipole induced polarisation (DDIP) survey at its Horn Island Project, located in the Torres Strait in

" Tietto Minerals (ASX:TIE) receives further results from Abujar-Gludehi

Tietto Minerals (TIE) hits high-grade gold from its sixth batch of drilling at the Abujar-Gludehi (AG) deposit in Côte d’Ivoire, West Africa.
PolarX (ASX:PXX) - Managing Director, Frazer Tabeart

" Polar X (ASX:PXX) completed four exploration programs in Nevada and Alaska

PolarX (PXX) has successfully completed exploration programs at its Caribou Dome copper project in Alaska and its Humboldt-Range gold-silver project in Nevada.

" GTI Resources (ASX:GTR) begins drilling at Thor

GTI Resources (GTR) has begun drilling at the Thor ISR uranium project in Wyoming’s Great Divide Basin.