Nova Minerals' Alaska Project Yields High-Grade Gold as Prefeasibility Study Nears
Nova Minerals' Alaska Project Yields High-Grade Gold as Prefeasibility Study Nears
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Nova Minerals’ RPM gold project in Alaska is showing strong results as the company works toward completing a prefeasibility study (PFS) planned for 2025. Recent infill drilling has confirmed high-grade, near-surface gold mineralization, boosting confidence in the project's potential for scalability and profitability. The positive results spurred a 9% rise in Nova’s stock, reflecting growing investor confidence in this Australian-listed company.
Nova Minerals’ RPM gold project in Alaska is showing strong results as the company works toward completing a prefeasibility study (PFS) planned for 2025. Recent infill drilling has confirmed high-grade, near-surface gold mineralization, boosting confidence in the project's potential for scalability and profitability. The positive results spurred a 9% rise in Nova’s stock, reflecting growing investor confidence in this Australian-listed company.
Significant High-Grade Discoveries in Recent Drilling
The company’s RPM project in the Tintina Gold Belt, a prolific mineral region in Alaska, has produced impressive high-grade intercepts. Notably, drill hole RPMRC-24005 intercepted 43 meters grading 4.4 grams of gold per tonne starting just 2 meters below the surface. Within this intercept were sections of even higher grades, including 23 meters at 7.3 grams and 13 meters at 10.7 grams, along with a standout 2-meter interval grading 39.2 grams per tonne at a depth of 13 meters. Another hole, RPMRC-24006, recorded 21 meters grading 3.5 grams per tonne, with additional highlights of 19 meters at 3.9 grams and 6 meters at 7.1 grams per tonne from just 5 meters below the surface.
Nova Minerals CEO Christopher Gerteisen emphasized that these results will contribute significantly to the upcoming resource update and prefeasibility study. Gerteisen highlighted RPM’s potential as a scalable, low-capital, high-margin project that could fund future expansion through cash flow.
Expanding Resource Definition and Infrastructure Potential
Nova’s current drilling campaign includes a 21-hole reverse circulation drill program designed to upgrade inferred resources within the high-grade core of RPM North. The recent results cover areas above the project's measured and indicated resources and provide further definition of RPM’s potential. The project lies on the northern end of Nova’s larger Estelle property, approximately 150 kilometers northwest of Anchorage. Situated in the Tintina Gold Belt, Estelle is part of a region that also includes significant projects like Barrick Gold’s Donlin Creek and Kinross Gold’s Fort Knox mine, underscoring its strategic value.
Nova’s current drilling campaign includes a 21-hole reverse circulation drill program designed to upgrade inferred resources within the high-grade core of RPM North. The recent results cover areas above the project's measured and indicated resources and provide further definition of RPM’s potential. The project lies on the northern end of Nova’s larger Estelle property, approximately 150 kilometers northwest of Anchorage. Situated in the Tintina Gold Belt, Estelle is part of a region that also includes significant projects like Barrick Gold’s Donlin Creek and Kinross Gold’s Fort Knox mine, underscoring its strategic value.
Nova’s shares, which have traded between A$0.13 and A$0.43 over the past year, closed at A$0.18 on the latest trading day, valuing the company at A$47.5 million.
Nova’s shares, which have traded between A$0.13 and A$0.43 over the past year, closed at A$0.18 on the latest trading day, valuing the company at A$47.5 million.
Gold prices remain strong globally, reaching a high of $2,605.50 per ounce, which reinforces investor interest in gold projects with high-grade discoveries like RPM.
Future Expansion and Resource Growth
Future Expansion and Resource Growth
Beyond the current drilling at RPM North, Nova Minerals is exploring additional zones to expand its resource base. One target is the RPM Valley zone, situated about 150 meters southwest of RPM North, which could link to the current deposit and expand the project’s scope. RPM North itself hosts a defined pit-constrained resource of 4.4 million measured and indicated tonnes grading 2.4 grams of gold for 330,000 ounces and 23 million inferred tonnes at 0.6 grams per tonne for an additional 450,000 ounces, based on an April update.
Beyond the current drilling at RPM North, Nova Minerals is exploring additional zones to expand its resource base. One target is the RPM Valley zone, situated about 150 meters southwest of RPM North, which could link to the current deposit and expand the project’s scope. RPM North itself hosts a defined pit-constrained resource of 4.4 million measured and indicated tonnes grading 2.4 grams of gold for 330,000 ounces and 23 million inferred tonnes at 0.6 grams per tonne for an additional 450,000 ounces, based on an April update.
Conclusion: Strategic Opportunities Ahead
Conclusion: Strategic Opportunities Ahead
Nova Minerals’ Estelle project, and the RPM prospect specifically, stand out not only for their high-grade gold potential but also for their alignment with broader U.S. strategic goals surrounding critical minerals. As the company progresses towards its prefeasibility study in 2025, investors and industry observers will closely watch for updates on both resource expansion and potential partnerships that could accelerate development in this promising Alaskan project.
Nova Minerals’ Estelle project, and the RPM prospect specifically, stand out not only for their high-grade gold potential but also for their alignment with broader U.S. strategic goals surrounding critical minerals. As the company progresses towards its prefeasibility study in 2025, investors and industry observers will closely watch for updates on both resource expansion and potential partnerships that could accelerate development in this promising Alaskan project.
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