Core Viewpoint - Nova Minerals Limited has announced high-grade assay results for gold and antimony from soil samples at the Stibium prospect, indicating significant resource targets within an 800m by 400m zone in the Estelle Gold and Critical Minerals Project in Alaska [1][5]. Group 1: Exploration Results - New drill-ready gold and antimony zones have been identified at Stibium through systematic ground exploration [2]. - Soil samples collected revealed grades up to 141 g/t Au and 60.5% Sb, with 180 soil samples delineating the mineralized zone [2][6]. - The Stibium occurrence is hosted in quartz diorite intrusive rocks and hornfels sedimentary rock, remaining open for further exploration [5][13]. Group 2: Sampling and Assay Data - A total of 511 soil samples and 225 rock samples were collected during the 2024 exploration season, with significant results reported [4]. - Notable assay results include 35 soil samples greater than 1 g/t Au, with a high of 25.6 g/t Au, and 10 soil samples greater than 0.1% Sb, with a high of 2.8% Sb [2][13]. - Rock sampling results for gold include grades of 141.0 g/t Au and several other significant values, while antimony results show grades up to 60.5% Sb [2][6]. Group 3: Future Plans and Strategic Importance - The company plans to commence resource drilling at Stibium in 2025, with a focus on high-grade stibnite veins and gold-bearing quartz veins [3][5]. - Nova is seeking U.S. government grant funding to advance antimony production, highlighting the strategic importance of antimony as a critical mineral for U.S. economic and national security [5][21]. - The Estelle Gold and Critical Minerals Project is positioned in a prolific mining region, with significant gold and antimony prospects identified [21].
Nova Minerals Identifies Stibium Gold-Antimony Resource Drill Targets on its Estelle Gold and Critical Minerals Project, in Alaska