Research Report: Martin Place Securities
NVA recently successfully spun out Snow Lake Resources to develop its now-wholly owned Manitoba lithium project whilst retaining 73% and now its focus is resource definition drilling at Estelle in the Tintina Gold Belt in Alaska. Snow Lake will list in Aug 2019.
The Tintina Gold Belt is one of Nth America's most important gold structures and extends over 1500km from west Alaska into Canada's Yukon province.
It is one of the world's great gold occurrences and has produced over 30moz and with well over 50moz being discovered since 1990. Many of these deposits are Intrusion Related Gold Systems (IRGS) associated with granitic intrusions evolving within the very active geological mobile belt that is the Alaskan Cordelliera.
Nova has tenements about 175 km NW of Anchorage and is adjacent to Goldmining Inc's 9.3moz Au eq gold porphyry copper resources at Whistler and associated deposits. The 2.2-5.3moz target at Oxide Ridge Project within the Estelle Gold Project and any of the other 14 targets on the 118km2 tenement could make this a 20moz district resource.
Nova Minerals is in good company. The Tintina Belt contains NST's Pogo as well as Kinross's 5moz Fort Knox, Victoria Gold's 6moz Dublin Gulch, Novagold/Barrick's 39 moz Donlin Creek, Seabridge's 38moz KSM and Northern Dynasty's 107moz Pebble deposit.
Other than Pogo, these are large low grade but high tonnage low operating cost major mines or impressive new developments.
The geological character of the Oxide Ridge deposits together with the IP surveys over 1000-2000m by 400m to +350m depth give good optimism on a resource outcome.
Good drill intersections of 450m @0.38g/t Au in MR-01 and 99m @0.80g/t including 41m @1.14g/t Au are also very encouraging.
Resource drilling now underway and a maiden resource is expected to be available during the Sept Qtr 2019.
Nova Minerals with a market cap of just A$18m has high leverage to a successful Maiden Resource within the targeted range of 2.2 - 5.3moz.
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About Martin Place Securities
MPS was founded in October 2000 to provide a link between Australian resource sector opportunities and investors from major financial centres in Europe, North America and China. We are well known for identifying and financing early stage prospects that develop into successful growth companies.
MPS provides services in Corporate Advisory, Stockbroking, Investment Research and Education.
About Nova Minerals Limited
Nova Minerals Limited (ASX:NVA) (FRA:QM3) (OTCMKTS:NVAAF) is a dynamic explorer and developer of its flagship Estelle Gold district in the Tintina gold belt. Nova's strategy is to substantially increase the current 4.7Moz resource on the Korbel prospect. Subsequently to continue to lock in value through moving Korbel towards production whilst increasing the resource base across the pipeline of targets within the Estelle gold district. Nova Minerals also holds strategic investments in Snow Lake Resources Ltd (Thompson Brothers Lithium Project), Torian Resources Ltd (ASX:TNR) and RotorX Aircraft Manufacturing Co.
Nova Minerals Limited
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