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Nova Minerals reports large intervals of near surface gold at RPM South prospect

From smallcaps.com.au

Nova Minerals has reported that six of seven holes drilled at its RPM South prospect in Alaska have returned assays that confirm large areas of near surface gold. RPM South is part of the company’s flagship Estelle gold project. The overall grades from these holes are higher than those in the current RPM South average of 0.4 grams per tonne gold. The company adds that a number of significant intercepts are greater than the 0.73g/t mill feed grade used in the scoping study. ‘High grade, fast payback’ Hold 39 returned, from 14 metres down hole, 147m at 0.5g/t, including three higher grade intervals — 30m at 1.3g/t, 7m ... (full story)

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  • Category: Fundamental Analysis