Nova Minerals Limited Stock Market Press Releases and Company Profile
Continued Exploration Success at Officer Hill Gold Project
Continued Exploration Success at Officer Hill Gold Project

Melbourne, Jan 24, 2019 AEST (ABN Newswire) - The directors of Nova Minerals Limited (Nova or Company) (googlechartASX:NVA) (googlechartQM3:FRA) are pleased to announce further encouraging drill results at the Officer Hill Gold Project in joint venture with Newmont Tanami Pty Ltd (Newmont) (a wholly owned subsidiary of Newmont Mining Corporation). The Officer Hill Project within EL23150 covers 206km2 and is located 34km south west of the Callie deposit that is part of Newmont's Tanami Gold mine operation. The exploration program is targeting Callie-style mineralisation within EL23150.

Assay results were received from diamond drill holes OHD0004-OHD0006 and included anomalous gold values; 1.0m @ 8.31g/t Au (OHD0004), 7.0m @ 0.48g/t Au (OHD0005) and 1.0m @ 1.25g/t Au (OHD0006). (see Table 1 and Figure 1 in link below).

Mineralisation within OHD0004-OHD0006 consist of quartz-chlorite-pyrite veins. These veins are present within variably bedded sandstone and laminated siltstones. Alteration is dominated by the regional green schist facies metamorphic assemblage.

NVA Managing Director, Mr. Avi Kimelman said:

"We are encouraged by the latest results from the diamond drilling program on the Officer Hill Gold Project."

"The exploration effort was designed to test a wide area and map out the larger foot print of the system. Follow up drilling is aimed at vectoring towards economic mineralistion. The continued results provide encouragement to Nova and is a testament to Newmont's ability to effectively and efficiently evaluate the tenement."

To view tables and figures, please visit:
http://abnnewswire.net/lnk/H08AWVVT


About Nova Minerals Limited

Nova Minerals LtdNova 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.

https://twitter.com/novaminerals https://www.linkedin.com/company/nova-minerals-limited abnnewswire.com 


Contact

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



ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 31) (Last 30 Days: 113) (Since Published: 8117)