Core Insights - Nova Minerals Limited announced promising near-surface gold results from its RPM North deposit, part of the Estelle Gold and Critical Minerals Project in Alaska, indicating strong potential for resource expansion [1][2][3] Group 1: Drilling Results - The 2025 drilling program at RPM North included seven diamond core holes, confirming the continuity of mineralization and identifying an eastern extension that could significantly increase resources [4][5] - Significant drill results include: - 180m @ 0.7 g/t Au from 4m, with highlights of 108m @ 1.1 g/t Au and 27m @ 2.5 g/t Au [5] - 162m @ 1.0 g/t Au from 3m, including 54m @ 1.6 g/t Au [5] - 167m @ 0.7 g/t Au from 187m, with 123m @ 0.9 g/t Au [5] - Hole RPM-080 reported a high-grade intersection of 19.7 g/t Au from 15.2m to 17.6m, showcasing the potential for high-grade mineralization [4][5] Group 2: Future Plans and Studies - The company plans to continue exploration in 2026 to identify additional mineralization and will incorporate the latest results into an updated resource estimate for the upcoming Feasibility Study (FS) [3][5] - Ongoing technical studies and optimization work aim to advance the project towards commercial production, with various consulting firms engaged in metallurgical and mining studies [4][5][29] Group 3: Project Overview - The Estelle Project encompasses 514 km of mining claims in Alaska's Tintina Gold Belt, known for its significant gold and antimony resources, with multiple advanced prospects and two defined multi-million ounce resources [32] - The project is strategically located near major gold mines, enhancing its potential for future development [32]
Nova’s RPM North Drilling Confirms Further Resource Upside with East Extension Discovery