- Maiden 2.5Moz JORC Gold Resource at the Korbel prospect (one of 15 known large prospects)
- Intrusive related gold system
- District-scale Gold camp
- 346 State mining claims 54,400 acres 220 km2
- Project located on Giant plutonic gold systems
- High grade gold occurrences over the entire project area; a robust gold system.
- Historic exploration suggests potential for discovery of multiple large bulk-mineable deposits
- Proposed gas pipeline passes by property and near the Beluga gas power station
The Estelle Copper Gold Project is comprised of 346 State mining claims 54,400 acres 220 km2 unpatented mining claims located on State of Alaska public lands (Figure 2). There are multiple prospects within the project area; Korbel (Korbel Ridge, Korbel Valley, Korbel North and Korbel South); Stoney (Stoney, Tomahawk, Kid and Trundle); Mount Estelle (Mount Estelle, Shoeshine and Train); and Emerald (RPM and Revelation).
The Estelle Gold project is located approximately 110 miles northwest of Anchorage and approximately 112 miles southeast of McGrath; within the Seward Meridian and partially within the Talkeetna A-6, Tyonek D8, and Lime Hills D-1 USGS 63,360 Quadrangles.
A direct correlation between gold grade and vein density at Estelle is similarly reported at the Fort Knox (+ 4 Moz) and Dublin Gulch (+ 6 Moz) RIRGS deposits.
A study by University of Nevada into Ore Characterization in the region found:
- association of Au with Bi-Te,
- association of Au with sheeted veins containing arsenopyrite, and
- restriction of alteration to narrow selvages adjacent to veins at the Estelle Property are consistent with the genetic deposit model for RIRGS
Sheeted Quarter Veins
The mineralization is characterized by a conjugate sets of sub–centimeter scale, commonly sheeted quartz veins.
These gold-bearing, veins are mineralized with arsenopyrite, pyrite and pyrrhotite and the host intrusive rocks to the veins are mineralized with disseminated sulfides.
The mineralized bodies are similar in grade, style of mineralization, deposit type and tonnage potential to the Fort Knox and Eagle deposits which are also located in the Tintina Gold Belt of the Northern Cordillera.
ADVANCED GOLD EXPLORATION PROJECT IN ALASKA
(Estelle Gold Camp – 70% earn-in stage achieved)
Nova’s exploration success in just 18 months has Catapulted the Oxide Korbel deposit onto the exclusive list of mineral deposits with resources exceeding 1 Million Ounces gold situated within the Tintina Gold Belt on less then 1% of their total project area.
Nova Minerals is now in planning for an aggressive resource expansion drilling program to significantly increase the resource in size and confidence.
Near Term Upside – A pipeline of prospects:
- Oxide Korbel resource expansion at depth and length
- Oxide Korbel Targets C and D to follow up
- 15 high ranked prospects across project area to follow-up
- Shoeshine/Mt. Estelle – 113 g/t Au rock-chip – epithermal?
- RPM – Drillhole SE12-008: 4m @ 0.79 g/t Au including 120.4m @ 1.02 g/t Au including 50.2m @ 1.76 g/t Au
- Outstanding geological pedigree
- Thriving mining industry poised to grow
- Deposits of global significance known; more to discover
- An abundance of undeveloped, underexplored mineral occurrences and deposits:
- Gold: 2.5% of world’s gold reserves;
- 40% of U.S. gold resources >220 Mozs.
- Over 47 million ounces of gold produced
- Minimal modern exploration
- Secure land tenure, state-land
- Native title resolved
- Stable geopolitical climate
- Government supportive of responsible mineral development
- Stringent but practical environmental regulation
- Accessible drilling all year round
Major key infrastructure projects underway / in planning – AIDEA
Regional Setting: The Tintina Gold Belt
- The Estelle property is located within the Tintina Gold Belt (TGB) of the Northern Cordillera.
- More than 200 million ounces of hard gold resources have been documented within the belt during the last decade alone.
- Untold millions of ounces of historical placer gold
- Intrusion related IRGS deposits types are within the TGB which hosts a number of recent world-class discoveries and producers