Broad Widths Of Gold Mineralisation Outside 2.5Moz Resource
Nova Minerals Limited’s (ASX:NVA, OTC:NVAAF) latest are pleased drilling results have demonstrated continuation of mineralisation at over 200 metresbelow the existing 2.5Moz inferred resource at the Korbel prospect, within the company’s flagship Estelle Gold Project in Alaska.
The Korbel Prospect is being tested with two diamond drills rigs, with 16 drilled to date on Block B.
All drill holes intersected thick zones of significant gold mineralisation above the nominal cut-off grade.
Exceptional gold leach recoveries averaging over 76% at the Korbel Deposit, while there was aa significant increase in thickness and continuation of IRGS mineralisation starting at surface.
CEO Christopher Gerteisen said Nova is now preparing for an impending increase to the current 2.5Mozstage 1 Mineral Resource Estimate planned for the current quarter
CEO Christopher Gerteisen said:
“We are pleased to report more thick drill intercepts which are an exciting and significant development in our phase 1 resource upgrade with all holes hitting extensive mineralisation,” Mr Gerteisen said.
“The broad mineralisation announced today is particularly encouraging, demonstrating the potential to rapidly add significant rock volume to the Korbel gold endowment.
“Similar potential remains at block A which the rigs will be moving over to for testing in the coming weeks.
“The KBDH-03 and KBDH-004 assay results together with holes announced on 22 June 2020 demonstrate strong potential for substantial extensions to the Korbel deposit, highlighting the world-class nature and size of the system, with the continuation of grade at depth and the consistency of mineralisation starting at surface.
“The prospect shares geological similarities to the Fort Knox and Eagle Gold mines in the Tintina Gold Belt. “We look forward to bringing shareholders further results as they become available as well as our phase 1 mineral resource upgrade on Block B in the near term. Another encouraging step on our path towards production.”