Nova Minerals Ltd (ASX:NVA, NASDAQ:NVA) has identified an extensive, high-grade gold and antimony-rich zone at the Stibium prospect, part of the Estelle Gold and Critical Minerals Project in Alaska.
The company’s extensive rock chip sampling has already revealed grades of up to 60.5% antimony, now joined by bonanza-grade gold results up to 141 g/t gold as well.
Seven samples graded higher than 20 g/t gold, and 16 samples higher than 5 g/t gold, collected over an area of about 800 metres by 400 metres, remaining open for further exploration.
Altogether, NVA’s rock chip program has delineated a high-grade prospect with potential for a mineral resource containing gold, which is still hovering near all-time highs, and highly sought-after antimony.
Commodities with clear growth potential
“We are delighted to now report both high-grade antimony and gold at the Stibium prospect,” Nova Minerals CEO Christopher Gerteisen said.
“Both antimony and gold are currently at record high prices and continuing on a clear upward trajectory, potentially marking the beginnings of a bull market for both.
“This is an exciting time for the company with the Estelle Gold and Critical Minerals project in the right place, at the right time, with the right commodities.”
Read: Chinese limits on antimony exports offer powerful opportunity for Nova Minerals’ Estelle Project
The Stibium project is shaping up to be quite significant within the wider Estelle district, The best results from this latest rock chip sampling program include:
- 141.0 g/t gold;
- 64.7 g/t gold;
- 62.3 g/t gold;
- 42.8 g/t gold;
- 34.8 g/t gold;
- 29.1 g/t gold; and
- 22.3 g/t gold.
Coupled with the previous reported Antimony results of:
- 56.7% antimony;
- 55.7% antimony;
- 54.8% antimony;
- 54.5% antimony;
- 46.2% antimony;
- 45.9% antimony; and
- 43.3% antimony.
Nova is expecting a round of soil sampling results from Stibium to be available in the near future, as well as regional exploration at the RPM deposit and Stoney areas of the Estelle Project.
“As we have stated in the past, we were looking for gold and the antimony found us, but in the case with Stibium in 2024, we were delineating the impressive antimony discovery from 2023, and it looks like the gold found us,” Nova Minerals head of exploration Hans Hoffman said.
“These high-grade gold and antimony values occur over approximately 200 metres of vertical relief which makes Stibium a top drill target for 2025.”
Read: Nova Minerals outlines extensive antimony-rich zone with rock chips up to 56.7% at Estelle Project, Alaska