Nova Minerals Limited (ASX: NVA | OTC: NVAAF| FSE: QM3) has again spotted visible gold at the high-grade RPM deposit within the company’s flagship Estelle Gold Project, located in the prolific Tintina Gold Belt in Alaska, USA.
Estelle contains multiple mining complexes across a 35km mineralized corridor with over 20 identified gold prospects, including multi-million-ounce resources across four deposits containing a combined 9.9Moz Au.
“This is the most impressive specimen of visible gold seen thus far at RPM, and it’s very encouraging, as this drill hole is targeting the extension of the mineralization along strike to the east of the high-grade RPM North bonanza zone,” Nova CEO, Christopher Gerteisen commented.
“While assays are pending, and drilling continues, we are attaining a better understanding of the complex controls on mineralization at these very high-grade RPM type mineralized systems which exist across Estelle, to further unlock the significant gold endowment within the project area.”
The occurrence of visible gold was for <1% disseminated Au in a quartz vein hosted within hornfels rock, which was observed in drill hole RPM-043 at a depth of 68m. This is encouraging as the drillhole is targeting the potential eastern extension of the RPM North bonanza zone with a total planned depth of 325m. Drilling is ongoing with the hole currently at 120m. Once complete, the core will be processed on site and sent for assaying, with results expected in September.
Drilling continues across RPM to further increase and prove up the high-grade resource, with drilling to also commence at the Train prospect with the aim of confirming RPM-style high grade mineralization and to establish another resource deposit at the Estelle Gold Project.
Gerteisen added, “With improved targeting of these high-grade zones ongoing, we are confident the RPM deposit will continue to yield positive results from the 2023 resource drilling programme currently underway.”
For further information, please visit: www.novaminerals.com.au
