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Nova Minerals Ltd.
Summary
| Project: | Estelle | |
|---|---|---|
| Deposit: | Estelle | |
| Location: | United States | |
| Commodities: | Copper-Gold | |
| Date: | 12/3/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-12-2018: Nova Minerals Ltd. announces a Resource Estimation report for its Estelle deposit at the Estelle project. Exploration target for Estelle project and drill results incl. 99m @ 0.80g/t Au from 31m. The directors of Nova Minerals Limited (Nova or | |
| Resources: | Exploration Target: 115Mt - 249Mt @ 0.6 - 0.67g/t Au | |
| CP/QP: | [Overall Report]: Dennis Fry (Internal) | |
| ABSTRACT: | The directors of Nova Minerals Limited (Nova or Company) (ASX:NVA FSE:QM3) are pleased to announce a significant upward revision to the Estelle Exploration Target Estimate (EETE) to 2.2 to 5.3 Moz gold based on the results of the scout drilling and the utilisation of pathfinder element geochemistry obtained from the chip samples/mapping campaign completed this past summer on the Oxide gold prospect. The new data from Oxide adds an exciting new dimension to the Company’s ongoing search for a world-class gold deposit that shares many similar characteristics with the Pebble Project in Alaska. Analysis of all the data collected during the limited summer field season demonstrates that the Oxide project has the potential to host large scale bulk minable mineralisation and the project remains firmly on track regardless of the minor delays in drilling. The Oxide prospect is one of 15 highly prospective occurrences on the Estelle project and these outside occurrences may also host large-scale gold mineralisation. NVA Managing Director, Mr. Avi Kimelman said: “We are extremely pleased with the findings in our very first pass exploration activities on the Estelle Gold project in Alaska with a major upward revision in the exploration target at Oxide, which is only one of the 15 known prospects on the project. This exploration target outlines the larger scale potential and scope of these systems within the project area. Besides some early delays we have come away with great pathfinder geochemical tools for identifying economic mineralisation and see a great opportunity to develop a significant bulk minable deposit within the Estelle Gold land holding. Moreover, we think the region shows positive indicators for additional gold and we believe that many other large scale bulk minable deposit could be found within the project area | |
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