Nova Minerals Limited (ASX:NVA) Identifies High-Grade RPM Gold in 2024 Exploration
Exploration Results
Nova Minerals Limited reported significant high-grade gold results from its 2024 exploration program. In the RPM regional area, 20 out of 40 rock samples exceeded 1 g/t Au, with the highest grade reaching 52.3 g/t Au. Additionally, 11 out of 100 soil samples surpassed 0.5 g/t Au, including a peak of 4.8 g/t Au. The glacial till sampling yielded 34 out of 138 samples with over 1.0 g/t Au, the highest being 3.6 g/t Au.
Geologic Mapping
Geologic mapping identified a glacial debris lobe where 68 till samples averaged 1.1 g/t Au over a 1.7 km stretch. This debris lobe, covering over 330,000 square meters, has been designated as a top drilling target for 2025 to determine thickness, composition, and grade continuity. The findings indicate the potential for extensive gold mineralization within the unconsolidated till.
Executive Comments
Mr Hans Hoffman, Head of Exploration, commented, “While it may be more typical of geologists to sample glacial till in the hope of vectoring towards an ore deposit, here at RPM the ore deposit may have vectored us towards the glacial till. We can see the deposit being actively eroded by a small pocket glacier, and our till sampling program this year has revealed a portion of RPM spread along the hillside and down the valley below. While I love speculating how many ounces may be contained in one specific debris lobe, we will need to drill to confirm thickness, composition, and grade continuity. With maximum observed surficial relief of nearly 40 meters, I will continue to be optimistic that the fine and heavy nature of gold has continued to migrate through the entire thickness of this unconsolidated till. In addition, we are seeing glimpses of mineralization in the hornfels, which we believe may be capping RPM-style intrusives.”
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