By Shane Lasley
Mining News 

More gold, larger drill program at Estelle

Gold resource now 3.3M oz; 2020 drilling expanded to 40,000m North of 60 Mining News – October 9, 2020

 

Last updated 10/15/2020 at 6:03pm

Australian explorer Nova Minerals expands Alaska gold exploration

Nova Minerals Ltd.

Nova Minerals has completed roughly 25,000 meters of drilling so far this year at Estelle and plans to complete 40,000 meters at the Alaska gold project by the end of the year.

Nova Minerals Ltd. Oct. 5 reported a 3.3-million-ounce gold resource for the Korbel deposit on the company’s Estelle gold project in Alaska.

According to this updated calculation, Block B at Korbel hosts 291 million metric tons of inferred resource averaging 0.4 grams per metric ton gold. This is roughly a 32% increase over the maiden resource calculated for Korbel in 2019 and Nova expects to...



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