Explorer was able to achieve 800,000 to 3.3 million ounces of gold Nova Minerals (WKN A2H9WL / ASX NVA) recently raise the resource on the Korbel target area. And that with just a third of the holes drilled there!
However, it is not just the results of a further 32 drill holes from the Korbel Blocks A and B that are pending, which should again increase the resource significantly. Nova is also just beginning to take a closer look at the nearby Korbel Blocks C and D, so that there is also great resource potential from there – especially since, according to the company, previous exploration work has shown even stronger results than on Blocks A and B.
New mineral block discovered in the Korbel system
The potential is already huge and it is not surprising that Nova Minerals is already planning to expand the drill program, which was originally designed to be 25,000 meters, to 40,000 meters. Especially since the chances of further gold deposits in the Korbel system have now increased dramatically with the discovery of a new mineralized zone called Isabella!
To be precise, Nova Minerals discovered Isabell back in 2019, but put it back behind blocks A to D. In the meantime, however, the company has carried out new investigations and, among other things, created a new block system. This, in connection with the existing investigation data, has led to Isabella now being assigned a completely different meaning and carrying out its own 3,000-meter drilling program there as soon as the drilling on blocks C and D is completed or a drilling rig is available there becomes.
Mighty gold mineralization drilled again
As Nova CEO explains, there is thus the potential to expand the Korbel mineralization system as a whole, now that Blocks A and B have also merged to form the so-called Main Zone. By the way, Nova reported once again very encouraging drilling results from Block B! Drill hole KBDH-018, according to the company, returned a total of 303 meters (!) Thick section grading 0.4 g / t gold, which also contained smaller intercepts up to 2.5 g / t gold!
Meanwhile, the drills keep turning without a break and Nova Minerals is testing the high-grade supply zone of the southeastern extension of Block B and particularly promising areas in Korbel Block D.
Nova Minerals is delivering again, and in two ways. The Australian stock exchange acknowledged this with a price increase of 10% and a trading volume of over 15 million shares. We think that the upward trend could continue in the coming weeks and months in view of the expected news flow of outstanding and expected drilling results – especially if the gold price continues to play along!
In accordance with Section 34b WpHG and Section 48f Paragraph 5 BörseG (Austria), we would like to point out that clients, partners, authors and employees of GOLDINVEST Consulting GmbH hold or can hold shares in Nova Minerals and that there is therefore a possible conflict of interest. Furthermore, we cannot rule out that other stock market letters, media or research firms will discuss the values recommended by us during the same period. Therefore, symmetrical information and opinion generation can occur during this period. Furthermore, there is a consulting or other service contract between a third party in the Nova Minerals warehouse and GOLDINVEST Consulting GmbH, which creates a conflict of interest, as this third party remunerates GOLDINVEST Consulting GmbH for reporting on Nova Minerals. This third party may also hold, sell or buy Nova Minerals shares and would benefit from an increase in the price of Nova Minerals shares. This is another clear conflict of interest.
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