Nova Minerals Limited (ASX: NVA) has announced high-grade gold intercepts from its 2024 drilling program at the RPM starter pit, part of the Estelle Gold Project in Alaska's Tintina Gold Belt. Shallow drilling focused on near-surface mineralisation (<50millions) revealed significant results, including 43millions @ 4.4 g/t Au (RPMRC-24005) and 45millions @ 3.4 g/t Au (RPMRC-24008). These results confirm the continuity of high-grade mineralisation at RPM North, with potential extensions towards the South-Southwest, linking it to the RPM Valley zone. The drilling supports the ongoing Pre-Feasibility Study (PFS) for a low-capex, high-margin starter mine at RPM, which is expected to generate early cash flow for further expansion. The upcoming resource update will incorporate results from 2023 and 2024, enhancing the project's value. Nova Minerals is focused on advancing Estelle as a scalable gold and critical minerals district, aiming for early production.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
