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    • Delayed Prices (USD) - Last Updated 25-01-2022
    • Gold $1,843.10
    • Silver $23.99
    • Platinum $1,027.00
    • Palladium $2,078.00
    • Dalian Iron Ore i2205 $117.13
    • Aluminium $3,040.50
    • Cobalt $72,000.00
    • Copper $9,941.00
    • Lead $2,371.00
    • Nickel $24,028.00
    • Tin $43,955.00
    • Zinc $3,635.00

    Nova Minerals boosts Estelle gold resource estimate by 54.9%

    Nova Minerals (ASX: NVA) has reported a 54.9% increase to the global gold resource at its Estelle Project in Alaska’s Tintina Gold Province.

    The JORC-2012-compliant resource, now totalling 9.6 million ounces, is derived from the Korbel and RPM deposits, two of 15 ‘major’ prospects located within the 324m² project.

    Nova Minerals Global MRE

    Speaking on the update, Nova Minerals CEO Christopher Gerteisen said: “Korbel Main at our Estelle Gold project is a ‘company-making’ deposit with high grades continuing to highlight the massive upside potential that remains.

    Korbel Main at our Estelle Gold project is a ‘company-making’ deposit”

    Korbel Main changes the future for Nova and our shareholders. It only represents a small area of the extensive local mineralised system.

    Nova’s management, with much credit to our team on the ground, has taken the Estelle Gold Project from discovery to a multi-deposit gold district in a short timeframe and on relatively limited funding and the exciting point is that we’re only getting started.”

    The update includes a maiden 3 million ounce indicated resource at Korbel Main, which comes following infill and extensional drilling at the prospect. Inferred resources at Korbel also increased by 8.5% to 5.1 million ounces.

    The company notes that assay results remain outstanding for over 8,000m of drilling at Korbel Main, while a series of diamond rigs are due to begin work soon at RPM in advance of a planned mineral resource update in 2022.

    Images: Nova Minerals Limited
    Jonathan Norris
    Jonathan is a founder of Mining.com.au and has been covering the resources industry since 2018. With over 17 years experience in print, broadcast and online media, Jonathan has seen first hand the transformative effect of online niche media.

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    • Delayed Prices (USD) - Last Updated 25-01-2022
    • Gold $1,843.10
    • Silver $23.99
    • Platinum $1,027.00
    • Palladium $2,078.00
    • Dalian Iron Ore i2205 $117.13
    • Aluminium $3,040.50
    • Cobalt $72,000.00
    • Copper $9,941.00
    • Lead $2,371.00
    • Nickel $24,028.00
    • Tin $43,955.00
    • Zinc $3,635.00