The RPM Gold Project is a very large high grade gold system which hosts a maiden 1.5 Moz inferred JORC-compliant resource. The project is represented by the RPM North deposit and RPM South prospect, which has a much larger surface footprint and may converge with RPM North at depth. With the project wide open in all directions an extensive exploration campaign is planned for 2022 including:
- Extensional and infill drilling to both expand and prove-up the existing resource. Two rigs are now gearing up with the prospect of more being added to drill over 20,000m of diamond drilling at the RPM North deposit to extend the strike by up to 1km to the west of RPM-005 as confirmed by magnetic anomaly. Dense drill spacing around the existing resource area aimed at proving up a significant proportion of the RPM resource to the higher confidence Indicated status.
- Over 3,000m of diamond drilling is also planned to intersect and define additional resources at the RPM South prospect, which shows a much larger surface sample mineralised footprint.
- Ground and/or drone detailed IP geophysics surveys across the RPM Project area to further identify additional mineralised zones.
The RPM North deposit’s Inferred JORC Resource of 23.1 Mt @ 2.0g/t Au delineates 1.5 Moz of gold. The resource starts at less than two metres from the surface and remains open in all directions. A broad zone of high-grade gold was intersected in drilling at the RPM North deposit of 400m @ 3.5g/t Au.
Within this intersection there were numerous higher grade intervals including 287m @ 4.8g/t Au, 132m @ 10.1g/t Au, 86m @ 14.1g/t Au and 3m @ 97.8 g/t Au.
The RPM South prospect shows excellent mineralization and may converge with the RPM North deposit at depth, which will be explored in the 2022 exploration campaign.
In Late 2021, Nova Minerals conducted a 6-hole drill program at the RPM prospect.
- RPM-005 returned an overall average grade of 3.5 g/t Au over 400m from surface within the RPM North mineralized zone
- RPM-006 returned an overall average grade of 1.0 g/t Au over 220m from surface within the RPM North mineralized zone
- RPM-002 returned an overall average grade of 0.6 g/t Au over 274m from surface within the RPM North mineralized zone
- RPM-001 returned an overall average grade of 0.3 g/t Au over 326m from surface within the RPM North mineralized zone.