Drill Results To Be Added To Upcoming Estelle MRE Release
Nova Minerals Limited’s (ASX: NVA) latest drilling results have confirmed and extended broad mineralisation along strike to the north- west and south-east at the Estelle Gold Project in Alaska.
CEO, Christopher Gerteisen, said the new results are to be included in the upcoming April 2021 Mineral Resource Estimate for Estelle.
“These latest results continue to confirm the massive mineralised gold system at Korbel. The strike length of Korbel Main alone, now surpasses an impressive 1800m and remains open in both directions to the NW and SE,” Mr Gerteisen said.
“Additionally, many of these holes were targeted to test mineralisation at depth, which we have now positively determined extends from the surface down, to at least 400m where drilled.
“With Blocks C, D, Isabella and Cathedral set for further drilling in 2021, there is certainly potential for all of these zones to converge into one very extensive gold system, as already experienced with Blocks A and B. Drilling at Korbel Main will continue as we proceed to unlock a pipeline of further prospects across the wider district.
“With assays now streaming in, the Korbel Main Mineral Resource Estimate is now scheduled to be updated in April 2021, which paves the way for completion of the PEA thereafter, with environmental baseline studies advancing in parallel.”
Significant intercepts from the latest results include: 287m @ 0.4 g/t Au from 5m, including 3m @ 1.3 g/t Au from 79m; 43m @ 0.9 g/t Au from 210m; 3m @ 5.8 g/t Au from 243m; and 439m @ 0.3 g/t Au from 54m, including168m @ 0.6 g/t Au from 76m; 12m @ 0.9 g/t Au from 109m; 6m @ 3.1 g/t Au from 179m; 3m @ 5.2 g/t Au from 179m and 15m @ 1.5 g/t Au from 228m.
Mr Gerteisen said significant upside remains within the Korbel deposit area with numerous additional geophysical anomalies drill tested at Blocks C, D and Isabella as well as high-grade rock chip results returned from Cathedral. Drilling continues in these zones.
