Nova Minerals Strikes Gold: Is the Shoeshine Prospect a Game-Changer in Alaskan Mining?
Nova Minerals Limited
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Nova Minerals Strikes Gold: Is the Shoeshine Prospect a Game-Changer in Alaskan Mining?

Highest grade gold rock sample ever recorded at Estelle - 1,290 g/t Au

ASX: NVA - Decades of exploration at the Estelle Gold Project in Alaska have culminated in a groundbreaking discovery by Nova Minerals Limited (ASX: NVA). The company has announced the highest grade gold rock sample ever recorded at Estelle, with an astonishing result of 1,290 g/t Au returned from the Shoeshine prospect. The latest surface samples from both the Shoeshine and Shadow prospects have confirmed the presence of high-grade gold, antimony, silver, and copper, further highlighting the immense potential of the Estelle Gold Project.

Shoeshine and Shadow Prospects Yield Extraordinary Results

Through a meticulous analysis of multi-element data from historical samples and the recent 2023 surface samples, Nova Minerals has established the presence of substantial mineralization at the Shoeshine and Shadow prospects. The high-grade gold and coincident antimony, silver, and copper readings obtained from these prospects provide compelling evidence of extensive surface mineralization. These findings validate the years of exploration efforts in the region and underscore the significance of the Estelle Gold Project.

A Remarkable Rock Chip Sample

The rock chip sample obtained from the Shoeshine prospect has shattered previous records at Estelle, boasting an unprecedented grade of 1,290 g/t Au.

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This exceptional result signifies a world-class discovery that positions Nova Minerals as a player to reckon with in the gold mining industry. Mr. Hans Hoffman, Nova Head of Exploration, expressed his excitement, stating, "All the right pieces to a discovery are here: consistent high-grade soils over 1km in strike length, tightly stacked sheeted veins, and high-grade bonanza zones. " The golden potential of Shoeshine and the wider Estelle Gold Project is becoming increasingly apparent.

Unlocking the Estelle Potential

Nova Minerals' CEO, Mr. Christopher Gerteisen, is thrilled with the progress made at the Estelle Gold Project, commenting, "These results continue to show the potential of the Estelle project. We will of course follow this up and hope to set new records as we move forward in advancing these prospects to the resource stage. " With the Shoeshine and Shadow prospects part of the same vast intrusive related gold system as Train and Trumpet, the company is confident in its ability to develop a significant resource base. Additionally, the presence of good antimony, silver, and copper results within the system adds further excitement to the already thriving project.

Expanding the Estelle Prospect Portfolio

These remarkable findings from the Shoeshine and Shadow prospects highlight the substantial scale and resource endowment of the Estelle Gold Project. Building upon the large gold resources already defined at RPM and Korbel, Nova Minerals' field exploration sampling and mapping programs have covered extensive ground, including both known prospect areas and untouched regions. As more results continue to be analyzed, the company anticipates further updates and the potential for additional new discoveries that will continue to enrich the Estelle prospect portfolio.

Nova Minerals Limited's recent breakthroughs in Alaskan gold exploration are setting new benchmarks for the industry. With the highest-grade gold rock sample ever recorded at Estelle, Nova is establishing itself as a key player in the global gold market. As the company continues to unlock the full potential of the Estelle Gold Project, mining enthusiasts and investors eagerly await further developments and the possibility of even greater discoveries.

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