Nova Minerals Discovers Further Visible Gold at RPM Deposit
Nova Minerals Limited
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Nova Minerals Discovers Further Visible Gold at RPM Deposit

Nova Minerals Limited (ASX: NVA), a leading gold exploration company, is excited to announce the discovery of visible gold at the high-grade RPM Deposit within its flagship Estelle Gold Project in Alaska. The presence of visible gold is a promising sign for the potential expansion of the RPM North bonanza zone.

Visible Gold in RPM Drill Hole RPM-043

In a recent drill hole, RPM-043, Nova Minerals observed an occurrence of visible gold of less than 1% disseminated in a quartz vein within hornfels rock at a depth of 68m. This discovery is particularly significant as the drill hole is targeting the potential eastern extension of the high-grade RPM North bonanza zone. The drilling is ongoing, with the hole currently at a depth of 120m. Once drilling is complete, the core will be processed on site and sent to the ALS analytical laboratory for assaying, with results expected in September.

Advancing Resource Development at RPM

Nova Minerals is committed to expanding and proving up the high-grade resource at the RPM Deposit.

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Drilling activities are continuing across RPM to further increase the understanding and potential of the deposit. Additionally, the company is planning to commence drilling at the Train prospect, aiming to confirm RPM-style high-grade mineralization and establish another resource deposit at the Estelle Gold Project.

Snow Lake Resources US SK-1300 Initial Assessment

Nova Minerals holds a 37% stake in Snow Lake Resources US SK-1300. The company is eagerly awaiting the results of the Initial Assessment (IA) or Preliminary Economic Assessment (PEA), which is due to be reported this month. This assessment will provide valuable insights into the economic potential of the Snow Lake Resources project.

Expansion Plans on Major US Stock Exchange

Nova Minerals has also been actively working towards trading its shares on a major US exchange as soon as possible. This move is aimed at increasing the company's visibility and accessibility to a broader investor base. By listing on a major US stock exchange, Nova Minerals aims to enhance liquidity and engagement from US-based investors.

CEO's Optimism

Mr. Christopher Gerteisen, CEO of Nova Minerals, expressed his enthusiasm about the discovery of coarse visible gold in drill hole RPM-043. He highlighted the significance of this finding in extending the mineralization along the eastern strike of the high-grade RPM North bonanza zone. Mr. Gerteisen emphasised Nova Minerals' commitment to unlocking the significant gold endowment within the Estelle Gold Project through improved targeting of high-grade zones. He expressed confidence in attaining positive results from the ongoing 2023 resource drilling program at the RPM deposit.

Nova Minerals continues to make remarkable progress in its exploration and resource development efforts at the Estelle Gold Project. The discovery of visible gold in RPM drill hole RPM-043 further highlights the substantial potential of the RPM Deposit and contributes to Nova Minerals' goal of becoming a leading gold mining company.

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