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Nova Minerals Ltd.
Summary
| Project: | Estelle | |
|---|---|---|
| Deposit: | Korbel | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 7/15/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-7-2020: Nova Minerals Ltd. announces an Exploration/Drilling Update report for its Korbel deposit at the Estelle project. Drilling results incl. 241.28m @ 0.39g/t Au from 4.69m. Widths are report as core length. Future true widths will be calculated by | |
| Resources: | (Resource, Inf.): 181.3Mt @ 0.43g/t Au (2.5Moz Au) | |
| CP/QP: | [Overall Report] Dale Schultz (DjS Consulting) | |
| ABSTRACT: | Widths are report as core length. Future true widths will be calculated by measuring the distance perpendicular to the dip of the mineralized zone on any given cross section that the intercept appears on. Two holes per section are required to calculate true thickness. No “Top Cap” has been applied to calculation of any intercepts. A “Top Cap” analysis will be completed during a future Resources Study and applied if applicable. Widths of intersection are calculated by applying a weighted average (Sum [G x W] / Sum [W]) to the gold values and reported widths within any given intercepts. The CP will visually select the intercept according to natural grouping of higher-grade assays. Zones of internal dilution my vary depending on the CP discretion as to what is geologically significant. Sub intersection of higher grades within any given intercepts may be broken out if present. The information in the announcement dated 02 September 2019, 9 December 2019 and 11 September 2019 that relate to Exploration Results, Exploration target and JORC Resource estimate is based on information compiled by Mr Dale Schultz. Mr Dale Schultz, Principle of DjS Consulting, who is Nova groups Chief Geologist and COO of Nova Minerals subsidiary Snow Lake Resources Ltd., | |
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