Why are the Tomahawk and Trundle discoveries significant for Nova Minerals?

$NVA Why are the Tomahawk and Trundle discoveries significant for Nova Minerals?

Nova Minerals Unveils High-Grade Gold Discoveries at Tomahawk and Trundle

Nova Minerals Limited (Nova or the Company), a key player in the exploration sector, has announced significant gold findings at the Tomahawk and Trundle prospects within its flagship Estelle Gold Project in Alaska's Tintina Gold Belt.

These discoveries are part of a larger, systematic exploration initiative, highlighting grades up to 20.9 g/t Au and revealing notable copper, silver, and antimony mineralization. The results from the 2023 field season underscore the potential of these prospects to contribute to the expansive 35km long Estelle gold trend, promising a bright future for Nova's exploration endeavors.

Key Highlights

Discovery and Exploration Success: Nova's latest exploration surface samples have confirmed the presence of high-grade gold-bearing quartz veins at the Tomahawk and Trundle prospects, with significant assays of up to 20.9 g/t Au.

Comprehensive Sampling Program: The company collected 43 rock and ... 35 soil samples across the prospects, identifying anomalous gold, copper, and antimony mineralization.

Strategic Expansion: These findings are part of an extensive exploration mapping and sampling program covering over 513km², with Nova staking additional State of Alaska mining claims.

Future Prospects: Nova CEO and Head of Exploration have highlighted the strategic importance of these discoveries, indicating a long-term commitment to exploring and defining resources within the Estelle Project.

Exploration and Assay Results: Tomahawk Prospect

At Tomahawk, 17 rock samples were collected, with assays showing up to 10.8 g/t Au equivalent (AuEq) considering gold, silver, copper, and antimony values. The vein-hosted mineralization indicates a large up to 2.5m thick quartz vein, promising for further exploration.

Trundle Prospect

Trundle's exploration yielded 26 rock samples, with the highest grade sample showing 23.0 g/t AuEq. The area is characterized by iron-stained intrusive rocks and sheeted quartz-chlorite-calcite veins, suggesting significant sulfide mineralization.

Strategic Implications and Forward-Looking Statements

Nova's discoveries at Tomahawk and Trundle reinforce the company's position on the prolific Tintina Gold Belt and underscore the systematic approach to surface exploration. With over 20 known mineralized prospects identified to date, Nova anticipates decades of project longevity and a pipeline of potential resources for future production scenarios. The company's aggressive exploration strategy is set to continue into 2024 and beyond, focusing on expanding its resource base and advancing prospects towards resource definition.

Nova Minerals' announcement of high-grade gold discoveries at the Tomahawk and Trundle prospects marks a significant milestone in the exploration of the Estelle Gold Project.

These findings not only demonstrate the project's high mineralization potential but also highlight Nova's effective exploration strategies and commitment to adding value to its asset portfolio. As the company moves forward with its exploration and development plans, the industry eagerly awaits further updates on these and other prospects within the Estelle Project.

1 Like