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Anova Metals Ltd.

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Summary

Project:

Big Springs

Deposit:Beadles Creek
Location:United States
Commodities:Gold
Date:11/3/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:3-11-2017: Anova Metals Ltd. announces an Exploration/Drilling Update report for its Beadles Creek deposit at the Big Springs project. Drilling results incl. 9.1m @ 4.7g/t Au from 120.4m. Anova Metals Limited (ASX: AWV, “Anova or Company”) is please
Resources:(Resource, Total): 16Mt @ 2.0g/t Au at project
CP/QP:[Overall Report]: Andrew McDonald (Internal)
ABSTRACT:Anova Metals Limited (ASX: AWV, “Anova or Company”) is pleased to announce results of drilling conducted at the Beadles Creek Prospect, part of the Company’s 100% owned Big Springs Project in Nevada, USA. The drilling at Beadles Creek was designed to test for shallow up‐dip extensions to the east of the high grade zone intersected during the 2016 drilling campaign. Table 1 highlights select high grade gold intersection. Reported intervals are believed to approximate true widths. For the 2017 Beadles Creek program, a drilling platform was constructed approximately 100 metres east of the location of the 2016 platform. From this position Anova, successfully completed seven holes at various angles for a total of 1,230m. All holes completed in 2017 intersected the structurally controlled Beadles Creek shoot, extending mineralisation up‐dip to the east. The best results were returned from AWVBC17‐010 where 9.1m @ 4.7 g/t Au, including 4.6m @ 8.1 g/t Au was intersected (Figure 1), and AWVBC17‐008 which returned 4.6m @ 4.1 g/t Au, including 1.5m @ 6.6 g/t Au (Figure 2). Mineralisation at Beadles Creek remains open in all directions.

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