Core Viewpoint - Nova Minerals Limited has commenced drilling at its Stibium prospect, targeting gold and antimony mineralization, marking a significant milestone in its exploration efforts [1][4][6]. Drilling Program - The 2025 drilling program includes a maiden 3,000m diamond drill program at the Stibium prospect, which is strategically located near the Whiskey Bravo camp and the Korbel gold deposit [6]. - The first drill hole aims to test a high-grade gold-antimony zone identified through extensive surface sampling [6]. - A second diamond drill rig and a reverse circulation (RC) rig are scheduled to begin drilling later in June [1][6]. Surface Sampling Results - Surface sampling has revealed a significant mineralized footprint of approximately 800 meters long and 400 meters wide, with notable results including: - 12 rock samples exceeding 30% antimony (Sb), with a maximum of 60.5% Sb - 10 soil samples exceeding 0.1% Sb, with a maximum of 2.8% Sb - 16 rock samples exceeding 5 g/t gold (Au), with a maximum of 141 g/t Au - 35 soil samples exceeding 1 g/t Au, with a maximum of 25.6 g/t Au [6]. Funding and Strategic Partnerships - The company is progressing its application for U.S. Department of Defense funding to expedite the transition from mining to refining of antimony [2][4]. - If successful, the funding will enable the addition of more diamond drill rigs and the development of a metallurgical processing hub at Port Mackenzie, Alaska [6]. - The company is also engaging with potential antimony off-take partners and plans to employ a leading antimony refining expert [6]. Company Overview - Nova Minerals Limited focuses on the exploration and development of gold, antimony, and critical minerals, particularly through its Estelle Project, which encompasses 514 km of mining claims in Alaska [14]. - The Estelle Project contains multiple mining complexes and is located in the Tintina Gold Belt, known for its significant gold and antimony deposits [14].
Nova Minerals Commences Antimony-Gold Drilling at its Stibium Prospect