Nova Minerals Limited (ASX:NVA) Quarterly Activities Report
OTCMKTS:NVAAF) released a JORC Compliant 4.7Moz Resource at Korbel Main in April 2021. During the Quarter, the Company has continued its drilling program at Korbel Main, and commenced a drilling program at RPM.
While mostly complete from a technical perspective, the Scoping Study release date has been postponed due to the need to include materially significant recent drill results from ongoing drill program. While concurrently running test work to feed into the Scoping Study for Korbel Main deposit (one of 15 known prospects across the Estelle gold district), Nova has commissioned a Prep Lab, to be run by independent contractors, increasing efficiency, and reducing expenses moving forward.
Nova Minerals Ltd reflects on June quarter activity ahead of Korbel Main resource upgrade and scoping study proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.
Nova Minerals Ltd (ASX:NVA) Commissions Prep Lab at The Estelle Gold Project
Nova Commissions Prep Lab at The Estelle Gold ProjectMelbourne, July 26, 2021 AEST (ABN Newswire) - Nova Minerals Limited (
- Onsite sample preparation lab fully operational at the 4.7Moz Estelle Gold Project
- Capacity to process up to 7,500 samples per month
- On-site lab is expected to reduce costs and improve assay turnaround times.
- Aggressive Infill and Extension drilling are ongoing at Korbel Main, currently focused on higher grade SE zone with the goal of substantially increasing the 4.7Moz Resource (ASX 7 April 2021) and upgrading the resource in size and confidence to expedite Project Feasibility Studies.
Nova Minerals Ltd (ASX:NVA) Interview of CEO by Small Caps
About Nova Minerals Ltd
Nova Minerals Limited (ASX:NVA) (FRA:QM3) (OTCMKTS:NVAAF) is a dynamic explorer and developer of its flagship Estelle Gold district in the Tintina gold belt. Nova s strategy is to substantially increase the current 4.7Moz resource on the Korbel prospect. Subsequently to continue to lock in value through moving Korbel towards production whilst increasing the resource base across the pipeline of targets within the Estelle gold district. Nova Minerals also holds strategic investments in Snow Lake Resources Ltd (Thompson Brothers Lithium Project), Torian Resources Ltd (ASX:TNR) and RotorX Aircraft Manufacturing Co.
Nova Minerals Ltd (ASX:NVA) Significant Mineralisation Observed at RPM Prospect
- Historical (2012) diamond drill hole SE12-008 re-sampled returned results of (ASX 17 September 2019):
o 177m @ 0.8g/t
o and 50m @ 1.8g/t at RPM
- High-grade reconnaissance rock chip samples define an expanded footprint of the high priority targets within the RPM Prospect (ASX 22 October 2020)
o Rock samples returned high-grade gold results:
291 g/t, 103 g/t, 13.1 g/t, 9.3 g/t, 9.0 g/t, 8.8 g/t and 5 g/t
- Drilling on track with the goal of delineating a Maiden Resource by late 2021 and moving the project through the development pipeline