Core Insights - Nova Minerals Limited announced significant drill results from the RPM Valley deposit, highlighting multiple broad intercepts greater than 1 g/t Au, including a record intercept of 0.5 m at 364 g/t Au [1][4][7] Drill Results - The highest-grade intercept to date at RPM Valley is 0.5 m at 364 g/t Au from 101 m, with visible gold observed [7][9] - Broad gold intersections include: - 65 m at 3.6 g/t Au from 83 m, including 36 m at 5.5 g/t Au from 91 m - 155 m at 0.9 g/t Au from 71 m, including 94 m at 1.3 g/t Au from 126 m - 172 m at 0.8 g/t Au from 352 m, including 60 m at 1.2 g/t Au from 424 m [7][12][27] Mineralization Continuity - The results confirm the continuity of mineralization at RPM Valley, with mineralization remaining open in multiple directions and at depth [5][9] - The glacial till mineralized zone is at least 30 m thick, with a surface anomaly of approximately 1.7 km long and 200 m wide, indicating a priority target for further exploration [6][31] Future Plans - Nova plans to conduct follow-up work with improved sampling methods to better assess the glacial till and its potential for heap leach recovery [6][31] - Ongoing pre-feasibility studies include metallurgical test work and mining studies, with an updated Mineral Resource Estimate expected to incorporate results from the 2023-2025 drill programs [5][47] Project Overview - The Estelle Project, located in the Tintina Gold Belt, encompasses 514 km of mining claims and contains multiple advanced gold and antimony prospects, with significant historical gold endowment [48]
Nova’s RPM Valley Drilling Confirms Continuity of Mineralized System with High-Grade Intercepts and Remains Wide Open in Multiple Directions