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Nova Minerals Ltd.
Summary
| Project: | Officer Hill | |
|---|---|---|
| Deposit: | Officer Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-1-2019: Nova Minerals Ltd. announces an Exploration/Drilling Update report for its Officer Hill deposit at the Officer Hill project. Drilling results incl. 1.0m @ 19.69g/t Au from 375.0m. The directors of Nova Minerals Limited (Nova or Company) (ASX:NV | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dale Schultz (Internal) | |
| ABSTRACT: | The directors of Nova Minerals Limited (Nova or Company) (ASX:NVA FSE:QM3) are pleased to announce encouraging drill results at the Officer Hill Gold Project in joint venture with Newmont Tanami Pty Ltd (Newmont) (a wholly owned subsidiary of Newmont Mining Corporation). The Officer Hill Project within EL23150 covers 206km2 and is located 34km south west of the Callie deposit which is part of Newmont’s Tanami Gold mine operation. The exploration program is targeting Callie-style mineralisation within EL23150. The best assayed results to date are from diamond drillhole OHD0003 with 4m @ 2.49 g/t Au, including 0.5m @ 12.6 g/t Au. A second intersection below this returned 1m @ 19.69 g/t Au (Table1 and Figure 1). Mineralisation within OHD0003 is quartz-chlorite-pyrite vein hosted. Veins are present within variably bedded sandstone and laminated siltstones. Alteration is dominated by the regional green schist facies metamorphic assemblage. An aeromagnetic and gravity survey was acquired across the entirety of the project area and will be used to assist the geological interpretation. NVA Managing Director, Mr. Avi Kimelman said: “We are encouraged by the initial results returned from the diamond drilling program on the Officer Hill Gold Project. “Concurrent with Officer Hill exploration program, Nova is in the process of planning its next stage of exploration and reconnaissance activities for 2019 at the Estelle Gold Project and Thomson Brothers Lithium project operations and corporate development strategy which will deliver a parallel approach to enhance shareholder value across our company’s project portfolio.” Nova will separately update the market on the current and proposed 2019 exploration and corporate development programs across the company’s project portfolio in due course. | |
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