Nova Minerals 2024 Sampling Extends the Gold Anomaly at its Muddy Creek Prospect by 400m with up to 128.5 g/t Au on its Estelle Gold and Critical Minerals Project, in Alaska
Nova Minerals (NVA) has announced significant gold surface sample results from its 2024 exploration at the Muddy Creek prospect within its Estelle Gold and Critical Minerals Project in Alaska. The sampling revealed 6 rock samples grading >10 g/t Au and 8 soil samples grading >2 g/t Au, extending the high-grade gold zone by 400m. Notable results include rock samples up to 128.5 g/t Au and soil samples up to 6.3 g/t Au. The Muddy Creek high-grade zone now measures 800m x 400m, with mineralization hosted in arsenopyrite-bearing quartz veins in granodiorite intrusive rocks.
Nova Minerals (NVA) ha annunciato risultati significativi di campioni superficiali d'oro dalla sua esplorazione 2024 presso il progetto Muddy Creek, che fa parte del suo progetto Estelle Gold e Critical Minerals in Alaska. Il campionamento ha rivelato 6 campioni di roccia con grado >10 g/t Au e 8 campioni di suolo con grado >2 g/t Au, estendendo la zona d'oro ad alta grade di 400m. I risultati notevoli includono campioni di roccia fino a 128,5 g/t Au e campioni di suolo fino a 6,3 g/t Au. La zona ad alta grade di Muddy Creek misura ora 800m x 400m, con mineralizzazione ospitata in vene di quarzo contenenti arsenopirite nelle rocce intrusive di granodiorite.
Nova Minerals (NVA) ha anunciado resultados significativos de muestreo de superficie de oro de su exploración 2024 en el proyecto Muddy Creek, que forma parte de su Proyecto Estelle Gold y Critical Minerals en Alaska. El muestreo reveló 6 muestras de roca con una ley >10 g/t Au y 8 muestras de suelo con una ley >2 g/t Au, extendiendo la zona de oro de alta ley en 400m. Los resultados notables incluyen muestras de roca de hasta 128,5 g/t Au y muestras de suelo de hasta 6,3 g/t Au. La zona de alta ley de Muddy Creek ahora mide 800m x 400m, con mineralización alojada en vetas de cuarzo con arsenopirita en rocas intrusivas de granodiorita.
노바 미네랄스(NVA)는 알래스카의 머디 크릭 시추에서 2024년 탐사 결과로 중요한 금 표면 샘플 결과를 발표했습니다. 샘플링 결과 10 g/t Au 초과의 암석 샘플 6개와 2 g/t Au 초과의 토양 샘플 8개가 확인되어 고품질 금 구역이 400m 연장되었습니다. 주목할 만한 결과로는 암석 샘플이 128.5 g/t Au에 달하고 토양 샘플이 6.3 g/t Au에 달합니다. 머디 크릭의 고품질 구역은 현재 800m x 400m 크기로, 아르세노파이트를 포함한 석영 veins가 그라노디오라이트 침입암에 분포하고 있습니다.
Nova Minerals (NVA) a annoncé des résultats significatifs d'échantillons de surface d'or de son exploration 2024 au site de Muddy Creek, dans le cadre de son projet Estelle Gold et Critical Minerals en Alaska. L'échantillonnage a révélé 6 échantillons de roche avec une teneur >10 g/t Au et 8 échantillons de sol avec une teneur >2 g/t Au, prolongeant la zone d'or de haute teneur de 400 m. Parmi les résultats notables, on trouve des échantillons de roche allant jusqu'à 128,5 g/t Au et des échantillons de sol allant jusqu'à 6,3 g/t Au. La zone de haute teneur de Muddy Creek mesure désormais 800 m x 400 m, avec une minéralisation contenue dans des veines de quartz riches en arsenopyrite dans des roches intrusives de granodiorite.
Nova Minerals (NVA) hat signifikante Ergebnisse von Oberflächenproben für Gold aus seiner Erkundung 2024 beim Muddy Creek Projekt innerhalb seines Estelle Gold- und Critical Minerals Projekts in Alaska angekündigt. Die Probenahme ergab 6 Gesteinsproben mit einem Gehalt von >10 g/t Au und 8 Bodenproben mit einem Gehalt von >2 g/t Au, wodurch die hochgradige Goldzone um 400 m erweitert wurde. Bemerkenswerte Ergebnisse umfassen Gesteinsproben mit bis zu 128,5 g/t Au und Bodenproben mit bis zu 6,3 g/t Au. Die hochgradige Zone von Muddy Creek misst jetzt 800 m x 400 m, mit Mineralisierung in arsenopyrithaltigen Quarzadern in granodioritischen Intrusionsgesteinen.
- High-grade gold discoveries with rock samples up to 128.5 g/t Au
- 400m extension of the high-grade gold zone at Muddy Creek
- Consistent high-grade results across multiple samples (4 rock samples >20 g/t Au)
- Expansion of mineralized zone to 800m x 400m
- None.
Insights
The latest sampling results from Nova Minerals' Muddy Creek prospect reveal significant high-grade gold mineralization, with rock samples reaching up to
The geological setting, characterized by arsenopyrite-bearing quartz veins in granodiorite intrusive rocks, is typical of intrusion-related gold deposits, suggesting potential for a significant mineral system. The broader mineralized trend spanning over 4km, including multiple prospects, indicates substantial exploration upside.
While these results are promising for resource expansion, investors should note that surface sampling represents early-stage exploration. The company will need to conduct drilling programs to confirm depth continuity and economic viability. The project's location in Alaska's Tintina Gold Belt, a proven metallogenic province, adds credibility to the exploration potential.
Anchorage, Alaska, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) is pleased to announce additional high-grade gold surface sample assay results from its 2024 exploration season with 6 rock samples grading > 10 g/t Au and 8 soil samples grading > 2 g/t Au, confirming a 400m extension to the high-grade gold zone at its Muddy Creek prospect, within its over 500km2 flagship Estelle Gold and Critical Minerals Project located in the Tintina Gold Belt in Alaska.
Highlights
- 2024 surface reconnaissance comprising of 14 rock samples, with a high of 128.5 g/t Au, and 11 soil samples, with a high of 6.3 g/t Au, continue to show Muddy Creek to be one of the most impressive gold anomalies on the claim block with these results extending the high-grade zone by approximately 400 meters.
- Best 2024 surface sampling results at Muddy Creek include:
- 4 rock samples greater than 20 g/t Au
- 128.5 g/t Au
- 93.2 g/t Au
- 33.9 g/t Au
- 22.3 g/t Au
- 5 soil samples greater than 3 g/t Au
- 6.3 g/t Au
- 4.7 g/t Au
- 4.0 g/t Au
- 3.2 g/t Au
- 3.0 g/t Au
- 4 rock samples greater than 20 g/t Au
- Previously announced results from Muddy Creek in 2023 (ASX Announcement: 5 December 2023) included six samples greater than 50 g/t Au – 127.5 g/t Au, 90.5 g/t Au, 76.8 g/t Au, 75.5 g/t Au, 65.6 g/t Au, and 51.8 g/t Au.
- The Muddy Creek high-grade zone now measures 800m x 400m (Figure 5).
- Mineralization hosted in arsenopyrite-bearing quartz veins in granodiorite intrusive rocks consistent with intrusion-related gold deposits.
- Part of a larger mineralized trend greater than 4km including the Muddy Creek, Discovery, Shadow, Shoeshine, and Train prospects.
- Results incoming on the remainder of the 2024 sampling, including the Stibium antimony-gold prospect, and further regional exploration from the broader RPM and Stoney areas.
To see the full ASX announcement please go to
https://clients3.weblink.com.au/pdf/NVA/02886350.pdf
Qualified Persons
Vannu Khounphakdee, Professional Geologist and member of Australian Institute of Geoscientists contracted by Nova Minerals to provide geologic consulting services. Mr. Khounphakdee holds a Master of Science in Mine Geology and Engineering. He is a qualified person with at least 5 years experience with this type of project. By reason of education, affiliation with a professional association, and past relevant work experience, Mr. Khounphakdee fulfills the requirements of Qualified Person (QP) for the purposes of Securities and Exchange Commission (SEC) Regulation S-K1300 for data QA/QC checks relevant to this announcement.
Hans Hoffman is a State of Alaska Certified Professional Geologist contracted by Nova Minerals to provide geologic consulting services. Mr. Hoffman is a member of the American Institute of Professional Geologists and holds a Bachelor of Science degree in Geological Engineering with a double major in Geology and Geophysics. He is a qualified person with at least 5 years of experience with these types of projects. By reason of education, affiliation with a professional association, and past relevant work experience, Mr. Hoffman fulfills the requirements of Qualified Person (QP) for the purposes of SEC Regulation S-K 1300 for the technical information presented in this announcement.
Christopher Gerteisen, Chief Executive Officer of Nova Minerals, is a Professional Geologist and member of Australian Institute of Geoscientists, and has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained herein. Mr. Gerteisen is a "qualified person" for the purposes of SEC Regulation S-K 1300.
About Nova Minerals Limited
Nova Minerals Limited is a Gold, Antimony and Critical Minerals exploration and development company focused on advancing the Estelle Project, comprised of 514 km2 of State of Alaska mining claims, which contains multiple mining complexes across a 35 km long mineralized corridor of over 20 advanced Gold and Antimony prospects, including two already defined multi-million ounce resources, and several drill ready Antimony prospects with massive outcropping stibnite vein systems observed at surface. The
Further discussion and analysis of the Estelle Gold Project is available through the interactive Vrify 3D animations, presentations, and videos, all available on the Company’s website. www.novaminerals.com.au
Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” "will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Nova Minerals Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Company’s Annual Report on Form 20-F for the year ended June 30, 2024 filed with the SEC. Forward-looking statements contained in this announcement are made as of this date, and Nova Minerals Limited undertakes no duty to update such information except as required under applicable law.
For Additional Information Please Contact
Craig Bentley
Director of Finance & Compliance & Investor Relations
E: craig@novaminerals.com.au
M: +61 414 714 196
FAQ
What are the highest gold grades reported in Nova Minerals' 2024 Muddy Creek sampling?
How much has the Muddy Creek gold zone been extended by Nova Minerals' 2024 sampling?
What is the current size of the Muddy Creek high-grade zone after Nova Minerals' 2024 exploration?
