Nova Minerals Limited (ASX:NVA) (FRA:QM3) (OTCMKTS:NVAAF) announces Significant Mineralization Observed at RPM, within the Company's flagship Estelle Gold Project located in the prolific Tintina Gold Belt.

- Historical (2012) diamond drill hole SE12-008 re-sampled returned results of (ASX 17 September 2019):

o 177m @ 0.8g/t
o incl.120m @ 1.0g/t
o and 50m @ 1.8g/t at RPM

- High-grade reconnaissance rock chip samples define an expanded footprint of the high priority targets within the RPM Prospect (ASX 22 October 2020)

o Rock samples returned high-grade gold results:
291 g/t, 103 g/t, 13.1 g/t, 9.3 g/t, 9.0 g/t, 8.8 g/t and 5 g/t

- Drilling on track with the goal of delineating a Maiden Resource by late 2021 and moving the project through the development pipeline

- Fifth drill expected onsite in coming weeks to ramp up both Korbel and RPM drilling

- Geological reconnaissance crew to commence field work to unlock further targets within the Estelle Gold District

- Assay results pending for over 10,000m of drilling from both Korbel Main and RPM

- Snow Lake Resource update due shortly

NVA CEO, Mr. Christopher Gerteisen commented: "The rocks we are observing in the drill core from the holes completed to date at RPM show we are hitting the target and intersecting the mineralized zone. Samples from holes RPM 001, 002 and 003 are now on the way to the lab for analysis. The continuity and correlation of mineralisation with the historical hole that encountered 120m at over 1g/t are further evidence of the potential of a significant intrusive related gold system at the RPM prospect (one of 15 known prospects). The drill program is ongoing over the coming months, and we look forward to bringing shareholders results as they become available.

In time, we expect to define multiple new shallow gold resources that will further support our goal of aggressively growing the resource inventory as we continue to move towards gold production at the Estelle Gold Project. We will keep the market updated on the results of these programs as we progress. We currently have 4.7Moz at the Korbel Main deposit, which represents just the beginning of our Estelle journey."

To view further details, tables and figures, please visit:
https://abnnewswire.net/lnk/198G8AZN


About Nova Minerals Limited

Nova Minerals Limited's (ASX:NVA) (FRA:QM3) (OTCMKTS:NVAAF) vision is to develop North America's next major gold trend. 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. The company's flagship Estelle Project has a current total estimated JORC gold resource of 9.6Moz (3Moz Indicated and 6.6Moz Inferred). Estelle is a 45km long string of 15 identified gold prospects bracketed by the Korbel deposit in the north and the RPM deposit in the south. These two deposits are currently host to extensive exploration programs.

Additionally, Nova has an indirect interest in the Canadian Thompson Brothers Lithium Project through a substantial stake in Snow Lake Resources Ltd (NASDAQ:LITM) and holds a 12.99% interest in Torian Resources Limited (ASX:TNR), a gold exploration company based in Western Australia.

   

Contact

Nova Minerals Ltd
P: +61-3-9614-0600
F: +61-3-9614-0550
WWW: novaminerals.com.au



Link: Significant Mineralisation Observed at RPM


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