Nova Minerals Launches Historic Drilling at Stibium Prospect

Nova Minerals Initiates Groundbreaking Drilling at Stibium

Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) has enthusiastically announced the commencement of drilling at its highly promising Stibium prospect. This exciting initiative focuses on exploring valuable gold and antimony mineralization. The drill program marks a critical step in the Company's strategic evolution and is indicative of its commitment to uncovering robust mineral resources.

Exciting Drilling Operations Underway

The first diamond drill rig is now operational, and preparations are underway for a second diamond rig alongside the Company’s reverse circulation (RC) rig, which is set to begin drilling soon. This signifies the beginning of a maiden 3,000-meter diamond drill program at the Stibium prospect, strategically located near Nova’s Whiskey Bravo camp and the significant Korbel gold deposit.

Targets and Goals of the Drilling Program

The initial drill hole aims to inspect a potentially high-grade gold-antimony zone, which has been identified through extensive surface sampling efforts. This exploration targets delivering a maiden Mineral Resource Estimate (MRE) for both minerals, with surface sampling revealing a richly mineralized area approximately 800 meters in length and 400 meters in width. Notably, standout results from this sampling include:

• 12 rock samples with > 30% Sb, peaking at 60.5% Sb
• 10 soil samples with > 0.1% Sb, with a top result of 2.8% Sb
• 16 rock samples yielding > 5 g/t Au, with a remarkable high of 141 g/t Au
• 35 soil samples with > 1 g/t Au, peaking at 25.6 g/t Au

With a substantial mineralized footprint confirmed, the focus is now on refining this discovery into tangible resource data.

Strategic Advancements and Future Planning

Additionally, Nova is pursuing funding from the U.S. Department of Defense to expedite the transformation of its antimony assets from extraction to refining. If successful, this will empower the Company to enhance its exploration undertaking, potentially adding further diamond drill rigs to its operation. Plans are also in motion to develop an advanced antimony metallurgical processing hub at Port Mackenzie, Alaska. Discussions with the Port Mackenzie Authority are already underway concerning securing a long-term land lease, with prospects for expansion.

Expert Commentary from Leadership

Nova's CEO, Mr. Christopher Gerteisen, expressed enthusiasm about the drilling at the Stibium prospect, remarking, "We’re excited to commence the first-ever drilling at our Stibium antimony-gold prospect—an important milestone complementing our focus on advancing our Tier-1 gold and antimony assets. Initial results over the past two years suggest a potentially significant gold-antimony system at Stibium, but testing at depth is vital. With this drilling program, our goal is to establish a maiden Mineral Resource Estimate for both gold and antimony later this year.”

2025 Exploration Framework

As highlighted earlier, the current drilling spree is focused primarily on RPM, Korbel, and Stibium. However, the strategy remains flexible and will adapt based on preliminary drill core insights, with prospects to upscale operations, including adding more diamond drill rigs, should funding from the Department of Defense be secured.

About Nova Minerals

Nova Minerals is at the forefront of exploration and development for Gold, Antimony, and Critical Minerals, actively working to advance the Estelle Project. This vast endeavor encompasses 514 km² of mining claims in Alaska, revealing multiple mining complexes spread across a 35 km long mineralized corridor with over 20 advanced prospects. Notably, the project includes two identified multi-million-ounce resources and several drill-ready antimony prospects, supported by significant surface observations of stibnite.

Frequently Asked Questions

What is the Stibium prospect?

The Stibium prospect is a mineral exploration site targeted by Nova Minerals for gold and antimony mineralization, located near their Whiskey Bravo camp.

What are the main goals of the drilling program?

The primary aim is to define a maiden Mineral Resource Estimate (MRE) for both gold and antimony based on initial drill findings.

What has been discovered so far at the Stibium prospect?

Initial surface sampling has confirmed a significant mineralized area with high concentrations of both gold and antimony.

How is funding from the U.S. Department of Defense relevant?

This funding could accelerate the transition of Nova’s antimony assets from mining to refining, potentially enhancing operational capabilities.

What is the broader significance of the Estelle Project?

The Estelle Project aims to position Nova as a key player in the critical minerals sector, which is essential for national security and supply chain resilience.

About The Author

Hey there I'm Caleb Price, a writer and financial specialist who loves to assist others in understanding the financial world. Having years of practical experience and a solid background in finance, my area of expertise is converting difficult financial ideas into useful, doable insights for my blog and publications. My goal with my writing is to give readers the information and assurance they need to successfully negotiate their financial journeys.

My ability to interact with a wide range of people—from novices starting their investing journey to seasoned investors looking for new approaches—has come from contributing to several financial blogs. Making money approachable and understandable is my goal; this will enable you to make wise choices and realize your financial objectives. We appreciate you coming along on this path to success and financial empowerment on Investors Hangout.

Contact Caleb Price privately here. Or send an email with ATTN: Caleb Price as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.