Nova Minerals (ASX: NVA) has revealed ‘spectacular’ wide, shallow gold hits from drilling at the RPM North Prospect within its Estelle Gold Project in Alaska’s Tintina Gold Belt.
Key results from hole RPM-005, which returned an average grade of 3.5 g/t Au over 400m from surface include:
- 373m @ 3.8 g/t Au from 7m
- 287m @ 4.8 g/t Au from 7m
- 241m @ 5.7 g/t Au from 7m
- 187m @ 7.3 g/t Au from 34m
- 153m @ 8.8 g/t Au from 68m
- 132m @ 10.1 g/t Au from 89m
- 123m @ 10.8 g/t Au from 95m
- 98m @ 12.6 g/t Au from 95m
- 86m @ 14.1 g/t Au from 123m
- 3m @ 32.8 g/t Au from 181m
- 2.6m @ 35.6 g/t Au from 128m
- 2.4m @ 41.8 g/t Au from 125m
- 2.4m @ 50.3 g/t Au from 161m
- 3m @ 97.8g/t Au from 169m
Speaking on the result, Nova Minerals CEO Christopher Gerteisen said: “RPM once again delivers company making results. The tenor and continuity of these drilling intersections is most impressive indeed. These broad zones of high-grade confirm our geological interpretations which identified RPM as a high priority target. The RPM deposit is shaping up to be a very large high grade IRGS style gold system that remains wide open with results from 3 drill holes to be reported in the coming weeks. Once all results have been received, we will be able to send the data to the independent consultant to prepare our Maiden Inferred Resource for RPM North. Furthermore, we are now planning to have at least 2 drill rigs at RPM in the next round of drilling with a rig designated for what looks to be the much larger RPM South gold zone, which we believe will converge with RPM North at depth.”
“RPM once again delivers company making results. The tenor and continuity of these drilling intersections is most impressive indeed”
Maiden drilling at the prospect is now complete, with drill rigs moved to the 4.7Moz Korbel Main prospect, where work will continue for the remainder of the year to facilitate ‘aggressive’ infill and step-out drilling leading up to a planned MRE upgrade. The company reports that planning for additional drilling at RPM North is underway, with a goal of delineating a maiden resource by the end of 2021.
Further work is also being planned for the project’s RPM South prospect in 2022, which the company describes as hosting a ‘much larger footprint’.
Cross Section displaying hole RPM-005 at RPM North, with 400m intercept from 7mThe Estelle Gold Project, located within Alaska’s ‘world-class’ Tintina Gold Belt, houses JORC 2012 gold resources totalling ~ 4.7Moz, with growth supported by continued strong exploration results. Importantly, current defined resources are situated on only 2% of the entire project area.
The 324 km² project encompasses 346 state mining claims, with over 15 known prospects across the wider Estelle claims including Korbel Main, Stoney, Tomahawk, Kid, T5, Trundle, Mount Estelle, Shoeshine and Train, Emerald, RPM and Revelation.
Images: Nova Minerals Limited
