Nova Minerals Limited (ASX:NVA) Identifies Drill Targets at Stibium
High-Grade Resource Targets Identified
Nova Minerals Limited (ASX: NVA) has identified new drill-ready gold and antimony zones at Stibium. Assay results from a comprehensive exploration program have demonstrated the potential of the prospect, revealing grades of up to 141 g/t Au and 60.5% Sb.
A total of 180 soil samples were collected, leading to significant findings, including 35 samples exceeding 1 g/t Au, with a maximum of 25.6 g/t Au. Rock sampling has also indicated high-grade results, with gold values reaching 141 g/t Au and peak antimony grades of 60.5% Sb among the samples collected.
Exploration Progress and Future Plans
The Stibium prospect spans an approximately 800m long by 400m wide zone, and results remain open for further exploration. The latest findings stem from the company’s extensive mapping and sampling program conducted in 2024, totalling 511 soil samples and 225 rock samples across the Estelle claim block.
The prospective nature of the Stibium location has garnered attention, particularly due to its consistent high-grade results in both gold and antimony. Mr. Hans Hoffman, Nova’s Head of Exploration, expressed excitement about the results: “…we can clearly see from the heat map the extent of this impressive gold and antimony anomaly.”
Mr. Christopher Gerteisen, CEO of Nova Minerals, stated, “The Stibium prospect now has a very well-defined high-grade target that is ready for resource drilling. Defining a gold-antimony resource at Stibium and advancing towards antimony production is a top priority for the company…”
Grant Applications and Strategic Positioning
Nova Minerals is also progressing applications for US government grants aimed at antimony and critical minerals development. Antimony has been classified as a vital mineral for US economic security, especially given recent export bans imposed by China, which produces approximately 54% of the world’s antimony.
These strategic initiatives align with Nova’s focus on its flagship Estelle Gold and Critical Minerals Project, located in Alaska’s Tintina Gold Belt, known for significant mineral endowments.
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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