Nova Minerals reveals promising drilling results

Nova Minerals (ASX:NVA) has reported promising results from its 2024 drilling program at the RPM area within the Estelle Gold Project in Alaska. The program has yielded significant high-grade gold mineralization near the surface. Over 20 substantial intercepts were recorded, with gold grades exceeding 5 g/t and some reaching up to 52.7 g/t Au.

Nova Minerals' future outlook and ambitions

Nova Minerals is focused on updating the resource estimate for the Estelle Gold Project by incorporating drill data from 2023 and 2024. The company aims to enhance the Measured and Indicated categories, supported by optimization work from Whittle Consulting. The RPM starter mine is under a Pre-Feasibility Study (PFS) to establish a low-capex, high-margin operation, envisioned as a cash flow generator for further project expansion. Nova Minerals remains committed to advancing the Estelle Gold Project, recognized for its significant gold and antimony deposits within the Tintina Gold Belt.

CEO highlights importance of new findings

These results are instrumental in accelerating the RPM development as a scalable, high-margin operation. They provide a foundation for future expansion and further exploration of the Estelle Project.