Nova Minerals Limited (ASX: NVA) has intersected further broad, shallow, and high-grade gold results at the RPM North Deposit, within the company’s flagship Estelle Gold Trend, located in the prolific Tintina Gold Belt in Alaska.
RPM Drilling Summary
Infill and extensional resource drilling at RPM is currently ongoing with drill rigs at both RPM North and RPM South. The latest results continue to not only prove up, but now also extend, the areas of high-grade gold mineralisation (+2g/t) at the RPM North resource area.
Drill holes RPM-015 and RPM-018 were completed as step out holes to test the continuity of high-grade mineralisation around hole RPM-005 to prove up and extend the resource beyond the current RPM North Deposit.
Results from both RPM-015 and RPM-018 extend out from previous results from RPM-005 (400m @ 3.5 g/t Au, including 132m @ 10.1 g/t Au) and RPM-008 (260m @ 3.6 g/t Au, including 140m @ 6.5 g/t Au) which confirms continuity of the high-grade gold zone from surface to a depth of over 250m tested thus far, and remains open at depth.
The ongoing drilling programme continues to provide high quality geological data that is being collated and interpreted to provide greater deposit knowledge. The nature and geometry of the intrusive units and interplay with structures are key to controls on gold mineralisation.
These geological and interpretative insights are invaluable in developing further targets for the ongoing exploration programmes within the RPM area as well as the greater Estelle Gold Trend.
“I am pleased to report more shallow high‐ grade broad mineralisation from our drilling at RPM,” CEO, Christopher Gerteisen, said.
“This programme is part of a targeted program designed to allow for further increases to potential Measured and Indicated Resources in the next MRE on the high-grade RPM deposit.
“As we continue with our aggressive 2022 diamond drilling programme, we are mindful of the extensive delays currently being experienced in the laboratory assay turnaround times, and while we are still hoping to deliver the Phase 2 Scoping Study on time, the latest results show that it is important that we include as many of the drill results from the current programme as we can in the upcoming MRE.
“In light of this, PFS level trade off studies will now commence in tandem which aims to optimize the project with a view to increasing the gold production schedule and NPV significantly across the Estelle Gold Trend, as we continue on our path towards commercial production.”
For further information please visit: https://novaminerals.com.au/
