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Nova Minerals Ltd.
Summary
| Project: | Officer Hill | |
|---|---|---|
| Deposit: | Officer Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/24/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-1-2019: Nova Minerals Ltd. announces an Exploration/Drilling Update report for its Officer Hill deposit at the Officer Hill project. Drilling results incl. 1m @ 8.31g/t Au from 134m. The directors of Nova Minerals Limited (Nova or Company) (ASX:NVA FSE | |
| 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 further 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 that is part of Newmont’s Tanami Gold mine operation. The exploration program is targeting Callie-style mineralisation within EL23150. Assay results were received from diamond drill holes OHD0004-OHD0006 and included anomalous gold values; 1.0m @ 8.31g/t Au (OHD0004), 7.0m @ 0.48g/t Au (OHD0005) and 1.0m @ 1.25g/t Au (OHD0006). (Table1 and Figure 1). Mineralisation within OHD0004-OHD0006 consist of quartz-chlorite-pyrite veins. These veins are present within variably bedded sandstone and laminated siltstones. Alteration is dominated by the regional green schist facies metamorphic assemblage. NVA Managing Director, Mr. Avi Kimelman said: “We are encouraged by the latest results from the diamond drilling program on the Officer Hill Gold Project.” “The exploration effort was designed to test a wide area and map out the larger foot print of the system. Follow up drilling is aimed at vectoring towards economic mineralistion. The continued results provide encouragement to Nova and is a testament to Newmont’s ability to effectively and efficiently evaluate the tenement.” | |
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