“Explosive potential: is that the gold stock for 2020?” Asked GOLDINVEST.de in October last year about the Australian Nova Minerals (WKN A2H9WL / ASX NVA). The answer is clear: yes! Because while the gold explorer’s share was quoted at just EUR 0.017 at the time, a Nova share costs EUR 0.119 today – a spectacular plus of 600%!
The share rose significantly again today. In Australia, the stock closed at A $ 0.195, up 14.7% after Nova Minerals announced that the latest drill results confirm higher grade occurrences in the Korbel Main Gold Zone, part of Alaska’s massive Estelle Gold Project, where they remain open along strike !
The highlights of Korbel’s latest results include:
– 420m @ 0.4 g / t gold,
– 341m @ 0.5 g / t gold,
– 174m @ 0.6 g / t gold,
– 147m @ 0.6 g / t gold,
– 21m @ 1.5 g / t gold,
– 14m @ 1.1 g / t gold,
– 549m @ 0.3 g / t gold,
– 339m @ 0.4 g / t gold,
– 97 m @ 0.8 g / t gold,
– 15 m @ 2.3 g / t gold,
– 6m @ 4.7 g / t gold,
– 3m @ 8.2 g / t gold.
According to Nova Minerals CEO Christopher Gerteisen, this mineralization within Korbel Main is particularly encouraging as it has identified several well-defined, higher grade areas that could be incorporated into an optimized pit model now that the company is advancing work on a profitability assessment.
At the same time, Nova is constantly driving the drilling on Korbel. A drilling rig is also testing the newly defined extension of Korbel Main to the southeast, which connects to the same, higher-grade mineralized zone that runs through Korbel Main. Mr. Gerteisen now expects to receive the results of a further 15,000 meters of drill samples in the short term.
Should these turn out to be similar to the results published today, not only the Nova CEO should look forward to the update of the resource estimate that has been announced for the coming year!
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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 generation of information and opinions 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, since 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 a rise in the price of Nova Minerals shares. This is another clear conflict of interest.
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