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Nova Minerals Ltd.
Summary
| Project: | Estelle | |
|---|---|---|
| Deposit: | Oxide Korbel | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 9/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-9-2019: Nova Minerals Ltd. announces a Resource Estimation report for its Oxide Korbel deposit at the Estelle project. Initial mineral resource estimate for project. Minerals explorer and developer Nova Minerals Limited (ASX:NVA FSE:QM3)(‘Nova’ or ‘the | |
| Resources: | (Resource, Inf.): 181.3Mt @ 0.43g/t Au for 2.5Moz Au contained | |
| CP/QP: | [Resources]: David Melling, Frank Hardy (D R Melling Consulting Inc.;CanMin Enterprises Ltd.) | |
| ABSTRACT: | Minerals explorer and developer Nova Minerals Limited (ASX:NVA FSE:QM3)(‘Nova’ or ‘the Company’) is pleased to announce its maiden Inferred Gold resource estimate for the Oxide Korbel prospect from the phase 1 resource drill programme at the Company’s Estelle Gold Project (‘the Project’). An Independent Maiden inferred JORC Resource (‘the Resource’) of circa 2.5 million ounces of gold has been confirmed at the Project. The Oxide Korbel deposit (Blocks A and B), which is one of fifteen known occurrences, remains open at depth and along strike. The Resource Estimate starts from less than 2 m from surface and occurs on less than 1 % of the total project area. The mineral deposit type is comparable to Kinross’ Fort Knox Gold and Victoria Gold’s Dublin Gulch Eagles Gold Mine. Nova Minerals plans include multiple diamond drill rigs on site operating 24 hours 7 days a week, with a focus on increasing the drill density of the maiden resource, plus extensional drilling to grow the resource. Further drilling to test RPM and Shoeshine is also being planned. | |
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