Nova Minerals (ASX:NVA) reports further ‘bonanza grade’ gold results at the RPM North Deposit, within the company’s flagship Estelle Gold Project in the ‘prolific’ Tintina Gold Belt in Alaska.
Nova reports infill and extensional resource drilling at RPM is currently ongoing with two rigs at RPM North and one rig at RPM South.
The latest results continue to prove up areas of ‘high-grade’ gold mineralisation (+2g/t) within the existing RPM North resource area.
Drillholes RPM-008 and RPM-010 were completed to infill and test the continuity of ‘high-grade’ mineralisation around hole RPM-005 to prove up the resource to the higher confidence Indicated category.
At RPM-008, significant results include 140m @ 6.5 g/t Au from 44m including 56m @ 15.0g/t Au, and 24m @ 24.7g/t Au, while significant results at RPM-010 were 155m @ 2.4g/t Au from 16m including 30m @ 10.0g/t Au.
the ongoing drilling program continues to provide quality geological data that is being collated and interpreted
The company notes the ongoing drilling program continues to provide quality geological data that is being collated and interpreted to provide greater deposit knowledge.
The nature and geometry of the intrusive units and interplay with structures are key to controls on gold mineralisation. These geological and interpretative insights are invaluable in
developing further targets for the ongoing exploration programs within the RPM area, as well as the greater Estelle Gold Trend.
Commenting on the results, Nova Chief Executive Officer Christopher Gerteisen said: “The RPM Deposit continues to deliver more thick intercepts of exceptionally high-grade gold.
These latest assay results confirm continuity and validates broad shallow zones of particularly high-grade gold mineralisation from surface within the much larger and broader RPM gold system.
We will report further drill results as they are received from the lab for the ongoing 2022 Estelle Gold Project drilling programs and remain on track to deliver the phase two Scoping Study in the near-term, before moving into the PFS which aims to increase the gold production schedule and NPV significantly, as we continue on our path towards commercial production.”
Nova’s vision is developing North America’s next major gold trend, Estelle, to become a ‘world-class’, tier-one, global gold producer.
The company is focused on exploration in Alaska’s ‘prolific’ Tintina Gold Belt, a province which hosts a 220 million ounce (Moz) documented gold endowment and some of the world’s largest gold mines and discoveries including Victoria Gold’s Eagle Mine and Kinross Gold Corporation’s Fort Knox Gold Mine.
Images: Nova Minerals Limited
