Core Viewpoint - Nova Minerals Limited has announced significant high-grade gold and gallium surface sample assay results from its 2024 exploration season at the Estelle Gold and Critical Minerals Project in Alaska, highlighting the potential for further exploration and development in the area [1][3]. Exploration Results - The 2024 exploration season yielded 7 rock samples with grades exceeding 2 g/t Au, including a peak of 360 g/t Au, marking it as the second highest gold sample found at Estelle to date [1][5]. - A total of 511 soil samples, 225 rock samples, and approximately 5 tons of bulk sample material were collected during the exploration program [3][4]. - The Wombat prospect showed a gold anomaly with a strike length of up to 1 km, with 7 out of 17 rock samples exceeding 2 g/t Au [5][7]. - Multi-element analysis revealed 10 samples with gallium grades greater than 30 ppm, with a maximum of 74.5 ppm Ga from the Wombat prospect [5][13]. Additional Findings - The Stoney prospect exhibited a gold distribution with five samples greater than 1 g/t Au, alongside significant silver, copper, and antimony components [18]. - The Muddy Creek prospect extended the high-grade gold mineralization zone by an additional 400m to 800m, with a high of 128.5 g/t Au [6]. - The Stibium prospect identified an 800m long by 400m wide antimony-rich zone with results up to 56.7% Sb and gold results of up to 141 g/t Au [6]. Project Overview - The Estelle Project encompasses 514 km of mining claims in Alaska, featuring over 20 advanced gold and antimony prospects, including two defined multi-million ounce resources [31]. - The project is situated in the Tintina Gold Belt, known for its substantial gold endowment and significant mining operations [31].
Nova Minerals Discovers Further High-Grade Gold at its Wombat Prospect up to 360 g/t Au on its Estelle Gold and Critical Minerals Project, in Alaska