Anova Metals (ASX: AWV) has announced ‘strong’ final assay results from 2021 exploration work across its Big Springs Gold Project in Nevada, United States.
The program was conducted following the completion of a Targeting Study in Q1 2021 which provided key targets including Crusher Zone South, Beadles Creek Fault and a mineralisation extension of the 401 deposit.
Individual grades reported include:
- Hole BS21_13:
- 16.7m @ 0.39g/t Au from 4.57m
- 1.53m @ 0.68g/t Au from 162.91m
- Hole BS21_14:
- 16.75m @ 1.68g/t Au from 83.7m; including
- 4.57m @ 3.71g/t Au
- 16.75m @ 1.68g/t Au from 83.7m; including
Commenting on the assay results, Anova Metals Managing Director and CEO Dr Mingyan (Joe) Wang said: “Gold mineralisation at 401 deposit was further extended at depth and remains open. Also, importantly, shallow oxidised gold mineralisation controlled by the Beadles Creek fault was re-affirmed by BS21_13, which was consistent with the intervals from BS21_11 and BS21_12. Follow up drilling to test the mineralisation at Beadles Creek is a priority for drilling in 2022.
“shallow oxidised gold mineralisation controlled by the Beadles Creek fault was re-affirmed by BS21_13, which was consistent with the intervals from BS21_11 and BS21_12”
Anova is pleased by the overall outcomes of the 2021 RC drilling program, which are consistent with the Targeting Study released in May 2021 and have strongly affirmed our understanding of the mineralisation controls at Big Springs. Our expanded POO application is under review by Forest Services, which if granted will allow the Company to conduct aggressive drilling across a considerably wider area at Big Springs that also covers 19 high priority district targets.”
The company notes that results from BS21_13 corroborate previous findings, returning shallow oxidised gold mineralisation within the Beadles Creek fault and adding further support for additional campaigns.
Importantly, all results from 2021 drilling are consistent with the Targeting Study, and have affirmed Anova’s understanding of mineralisation controls at the project.
The Big Springs Project is located in Nevada, USA with all tenements 100%-owned by Anova. The project encompasses a a ‘Carlin-style’ deposit, and is proximal to similar projects with strong historical production including the Jerritt Canyon Gold Mine which has produced over 10 Moz of gold since 1981.
With all results 2021 drilling now received, Anova reports that these will be incorporated into an upcoming resource and exploration target drilling campaign at the ‘high-priority’ Beadles Creek fault target, while their Expanded Plan of Operation is under review.
A JORC-complaint Mineral Resource Estimate is scheduled for delivery during Q2 2022.
Images: Anova Metals Ltd
