High Grade Gold:

A 1,500,000 oz Gold Resource at the Southern end of Estelle.

Bonanza Grades including 3.5 g/t Au over 400.

SUMMARY

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

 

 

GEOLOGICAL MODEL

RPM North’s Inferred JORC Resource 23.1 Mt @ 2.0g/t Au delineates 1.5 million ounces (Moz) of gold at RPM North, on top of the 4.7Moz Inferred Resource at Korbel Main, which represent only two of fifteen known occurrences at Nova Minerals’ Estelle Gold Project.

The resource starts at less than two metres from surface and remains open in all directions. RPM South shows excellent mineralization,  and will be explored in due course. 

MINERALISATION AT RPM

During 2020, Nova Minerals’ Geological Team gathered and analysed high-grade reconnaissance rock chips at RPM.

 

Rock samples returned high-grade gold results, including:

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

Historical (2012) diamond drill hole SE12-008 re-sampled returned results of (ASX:17 September 2019):

  • 177m @ 0.8g/t
    • incl.120m @ 1.0g/t
    • and 50m @ 1.8g/t at RPM