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Nova Minerals Ltd.
Summary
| Project: | Estelle | |
|---|---|---|
| Deposit: | Estelle | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 9/2/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-9-2019: Nova Minerals Ltd. announces an Exploration/Drilling Update report for its Estelle deposit at the Estelle project. Drilling results incl. 70.1m @ 1.20g/t Au from 10.7m. Minerals explorer and developer Nova Minerals Limited (ASX:NVA FSE:QM3)(‘Nov | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dale Schultz (DjS Consulting) | |
| ABSTRACT: | Minerals explorer and developer Nova Minerals Limited (ASX:NVA FSE:QM3)(‘Nova’ or ‘the Company’) is pleased to announce the discovery of high grade gold material for a “Starter Pit” scenario within Block B of the Oxide Korbel deposit from phase 1 resource drilling (Table 1). These holes were drilled as part of a Reverse Circulation (RC) drill program completed during the 2019 field season. The Oxide Korbel deposit is one of fifteen known gold occurrences located on the Estelle Gold Project to follow up (Figure 3). Nova Minerals Managing Director Mr Avi Kimelman said: “We are excited with these high grade intercepts and the discovery of high grade material for a initial starter pit which starts near surface at the Oxide Korbel prospect so early on. In these large bulk tonnage deposits these starter pits are critical to provide more informed economic data going forward. We have only scratched the surface in the Oxide Korbel deposit area to date. The gold mineralisation is open in all dimensions and additional diamond drilling is planned to establish the outer limits and depth extent of the deposit. Targets C and D (Figure 1) have similar geological and geophysical characteristics and will also be drill tested. | |
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