Nova Minerals Reports Record High-Grade Gold Intercepts at RPM Valley, Advancing PFS
Summary
Nova Minerals announced significant drill results from its RPM Valley deposit, including a record high-grade gold intercept and broad mineralization, which will support a maiden Measured and Indicated Mineral Resource for its Pre-Feasibility Study.
Key Events
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Record High-Grade Gold Intercept
Drilling at RPM Valley returned the highest-grade intercept to date for the Estelle Project, with 0.5 meters at 364 g/t Au from 101 meters, including visible gold.
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Broad Mineralization Confirmed
Multiple broad gold intersections were reported, including 65m @ 3.6 g/t Au, 155m @ 0.9 g/t Au, and 289m @ 0.7 g/t Au, confirming continuity of the mineralized system.
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Supports Maiden M&I Resource
The 2025 infill drill results are expected to support a maiden Measured and Indicated Mineral Resource at the RPM Valley deposit, crucial for the ongoing Pre-Feasibility Study.
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Mineralization Remains Open
The gold mineralization at RPM Valley remains wide open in multiple directions and at depth, indicating significant further exploration potential.
Analysis
These drill results provide strong validation of the scale and quality of the gold system at RPM Valley, a key part of the Estelle Gold Project. The discovery of the highest-grade intercept to date, alongside multiple broad zones of continuous mineralization, significantly de-risks the project and enhances its economic potential. The data will directly inform the upcoming Mineral Resource Estimate and Pre-Feasibility Study, marking a critical step towards development. The indication that mineralization remains wide open suggests further upside, while preliminary results from glacial till offer potential for easily minable, low-grade material.
At the time of this filing, NVA was trading at $8.59 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $316M. The 52-week trading range was $1.68 to $16.28. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.