Nova's RPM North Drilling Confirms Further Resource Upside with East Extension Discovery

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BullishLong TermCorporate DevelopmentsKGC AUY

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Information

Anchorage Alaska, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” or the “Company”) ...

AI Summary

Nova Minerals Limited reports substantial gold drilling results from its RPM North deposit, confirming eastern extensions that enhance resource estimates. The latest findings, including high-grade intercepts, underscore the project's potential, with ongoing studies aimed at advancing toward commercial production and further exploration planned for 2026.

Trading Thesis

Positive drilling results suggest significant upside for NVA, potentially justifying investment.

Market-Moving

NVA's gold drilling results exceed expectations, boosting investor confidence.
Eastern extension discovery could lead to significant resource upgrades.
Upcoming results from ongoing studies may enhance market interest.
Strong drill results support potential MRE updates in 2026.
Continued positive outcomes can affirm NVA's tier-one project status.

Key Facts

NVA's RPM North deposit is part of the Estelle Project in Alaska.
Recent drill RPM-080 recorded 19.7 g/t Au at 15m depth.
Seven diamond core holes drilled at RPM North in 2025.
Eastern mineralization extends resource potential for NVA.
Fully owned Estelle Project encompasses 514 km² of mining claims.

Companies Mentioned

Kinross Gold Corporation (KGC): Nearby competitor in the Tintina Gold Belt.
METS Engineering: Conducting metallurgical studies for NVA.
Rough Stock Mining: Conducting mining studies for NVA's project.
Whittle Consulting: Performing optimization studies for NVA.

Corporate Developments

NVA operates in a niche market focused on critical minerals and gold exploration, positioned favorably in the Tintina Gold Belt, which generally attracts significant investor interest due to its resource potential.

FAQ

Why Bullish?

NVA's strong drill results suggest potential resource increases leading to higher valuations, similar to historical trends where positive drilling results significantly boosted mining stocks.

How important is it?

The article detail provides substantial insights into ongoing explorations and results, which are crucial for NVA's growth potential and directly correlated with its market performance.

Why Long Term?

The anticipated resource upgrades and potential commercial production advancements will positively affect NVA's value over the long term, akin to other mining companies that realized stock price growth post-resource expansion.

Related Companies

KGC AUY

Nova Minerals Limited Reports Positive Drilling Results from RPM North

Anchorage, Alaska, January 7, 2026 - Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA; ASX: NVA; FRA: QM3) has announced promising near-surface gold results from its RPM North deposit, part of the Estelle Gold and Critical Minerals Project located in Alaska's renowned Tintina Gold Belt. The latest findings indicate an extension of high-grade mineralization and support potential upgrades to the existing resource assessments.

2025 Drilling Highlights

The recent drilling activities at RPM North have showcased significant gold intercepts, particularly in the eastern extension of the deposit. The 2025 drill program confirms broad intersections of gold-bearing material, which are anticipated to enhance the Measured and Indicated Mineral Resources as part of the Feasibility Study (FS). Key results include:

RPM-080: 180m @ 0.7 g/t Au from 4m, including 108m @ 1.1 g/t Au from 4m, 27m @ 2.5 g/t Au from 11m, and high-grade 2m @ 19.7 g/t Au from 15m.
RPM-078: 162m @ 1.0 g/t Au from 3m, with significant intervals including 54m @ 1.6 g/t Au from 109m and high-grade samples.
RPM-068: 167m @ 0.7 g/t Au from 187m, featuring notable sections of higher grade.
RPM-070: 165m @ 0.6 g/t Au from 3m.

These results are promising, especially as they build upon earlier drilling data that demonstrated continuity of mineralization.

CEO Commentary on Discoveries

Christopher Gerteisen, CEO of Nova, expressed optimism about the results, stating, “The latest drilling at RPM North is excellent and indicates that the mineralization zone extends to the east, which remains open along strike. This extension may significantly increase the resource at RPM, making it a priority for our 2026 drilling program.”

He also highlighted the project's potential as a tier-one gold asset in North America, emphasizing Nova's commitment to identifying additional resources through continued exploration efforts.

Drilling Program Overview

In 2025, a total of seven diamond core holes were drilled at RPM North. The objectives included:

Following up on previous drilling results to the east where RPM-004 intersected 259m @ 0.5 g/t Au.
Conducting infill drilling to enhance resource confidence.
Defining the southern boundary of the ore zone.
Testing the connection with RPM Valley to the west.

The continued improvement in resource confidence at RPM North is attributed to the consistent mineralization observed in the recent drill holes.

Upcoming Milestones and Strategic Plans

Nova is progressing towards a comprehensive Follow-Up Feasibility Study, with ongoing technical evaluations, including:

Further drilling results from RPM Valley and other project areas.
Material results from Pre-Feasibility Study (PFS) test work.
Mobilization of heavy equipment and airborne geophysical surveys set to commence in spring 2026.
Updates on environmental test work and access road developments.

These initiatives aim to elevate the Estelle Gold and Critical Minerals Project's potential and to maximize shareholder value.