Nova Minerals Limited (ASX: NVA) has commenced a focused drilling programme has at the Cathedral prospect with one diamond rig operating within the wider Korbel Valley in Alaska.
Cathedral Exploration Programme
In 2020, reconnaissance field activity sampled at Cathedral, located within the wider Korbel Valley just south of the Korbel Main Deposit, which focused on the quartz-arsenopyrite veining present in the outcrops within the target area, returned results with values up to 114 g/t gold, as well as five other results grading higher than 10g/t gold including: • 98.3g/t, 37.1g/t, 24.5g/t, 19.6g/t and 11.05g/t
These high-grade grab samples, and the correlation between gold and arsenopyrite which has been proven from drilling and metallurgical testing within the Korbel Main Deposit, provides encouragement that the Cathedral target has the potential to be the feeder system for the large presently identified gold system at Korbel Main.
The resource potential within the Korbel Valley alone has progressively grown in stature with each round of drilling completed to date. This targeted drilling is not only aimed at increasing the size of the resources in the immediate area, but will also give Nova an improved geological understanding of the systems within the wider Korbel Valley.
“We are pleased to have recommenced drilling in the wider Korbel Valley area again with a targeted programme that will test the theory of Cathedral being the high-grade feeder zone to the already established 8.1Moz Korbel Main Deposit,” CEO, Christopher Gerteisen, said.
“Rock chip samples obtained in 2020 showed that Cathedral could open up another significant area within the wider Korbel Valley with the potential to provide a localised higher-grade feed for the proposed Korbel Central Processing Facility for the starter years.
“In addition to the drilling at both Cathedral and RPM, and in light of the bottleneck at the assay laboratory, we have now also commenced our PFS level test work and trade off optimization studies in tandem with the ongoing Phase 2 Scoping Study, as we continue on our path towards commercial production across the Estelle Gold Trend.”
For further information please visit: https://novaminerals.com.au/
