NVA 1.64% 15.5¢ nova minerals limited

Ann: New Gold-Antimony targets discovered at Estelle, page-7

  1. 6,025 Posts.
    lightbulb Created with Sketch. 1469
    https://hotcopper.com.au/data/attachments/5642/5642407-78b1cc23a56b2c00adc830dc8577432c.jpg

    https://hotcopper.com.au/data/attachments/5642/5642383-b4f99d0bdbcf07aa31c7bdb00381392d.jpg
    https://hotcopper.com.au/data/attachments/5642/5642388-d70e8fc7c5acb036b73980e09db85fd2.jpg

    https://hotcopper.com.au/data/attachments/5642/5642390-7154767fc36a23ab69bce7785482067c.jpg

    Apparently the 60% Stibium gets the AuEq up from 1.48g/t Au to 123.54g/t AuEq. So the Stibium is valuable, if it can bring up the AuEq that much.

    Though clearly this is a small rock chip, with an abnormal 60% Sb.

    So it depends how big the veins are. The Sb is clearly valuable enough to compete with Au if it's found in bulk.

    Cathedral also has 100g/t rock chips, so it's still very early stage.


    https://hotcopper.com.au/data/attachments/5642/5642414-9cc692bfb04284ef719747cf6d34f0ff.jpg
    Interesting that the 2 targets are in totally different areas. Meaning, there might be antimony all over. And interesting that they'll be testing other assays for antimony. I assume it'll be a fairly minor incremental cost to the assaying process.


    https://hotcopper.com.au/data/attachments/5642/5642418-5f269c7586c5a8ee6598ad60f99af47b.jpg
    E4043** are soil samples, E4085** are rock chip samples. So they are not directly comparable, but are on the same diagram.

    So I don't know which is superior from 6.0g/t soil sample, or 123g/t rock chip sample.

    Stibium - "color anomaly". Bit like RPM having colour anomalies? Unsure if they're meaning black veins or orange banded dirt.

    https://hotcopper.com.au/data/attachments/5642/5642445-9f6ef93740d98cd81b4b77fb978c4cf6.jpg
    Global warming will reveal this over time, if it's left on the backburner, but it sounds like they'll be doing surface exploration at least.


    https://hotcopper.com.au/data/attachments/5642/5642452-16b7e0e13fdaeae1b21a4143b3dfa3f8.jpg
    Styz is just rock chips (soil samples pending). The 1g/t Au is not amazing, but 4-44g/t AuEq is more interesting. So it comes down to the antimony, not the gold there.

    https://hotcopper.com.au/data/attachments/5642/5642457-138c65d68e03b1bf4cbf8ac6f27346dc.jpg


    Actually, I see it's orange banding that I had referred to previously.

    https://hotcopper.com.au/data/attachments/5642/5642478-f98403d8a920cfeb0dff0f35dd961f37.jpg

    High Grade rock chips from up high, down slope being either untested or pending. "Styx will be a top priority target to further define the mineralized extent as the color anomaly extends down slope towards the Styx River valley."

    https://hotcopper.com.au/data/attachments/5642/5642498-589e203378b737c984db9954b894105b.jpg
    Same with Stibium, but they've tested most of the colour anomaly now.


    New lease:

    https://hotcopper.com.au/data/attachments/5642/5642509-5d9445744490a0e2748285a1feda09cd.jpg

    Existing leases (colour anomolies):

    https://hotcopper.com.au/data/attachments/5642/5642515-a6d166efe0560d823a1abf6473213d51.jpg
    There's a whole lot of colour anomalies. Just a bit harder to know which ones are worth the effort, and which ones are related to antimony or gold.

    Same applies to RPM, but on a smaller scale. Not satellite-view scale colour anomolies, but 50-100m long anomolies etc.

    https://hotcopper.com.au/data/attachments/5642/5642536-e6795826450d6ac92c9768c188702a55.jpg



    Stibium nearology to Whistler? Yes, near, but it has a clear colour anomaly (and somewhat easy access from Korbel's prospective road). Styx being a bit more crazy to get to, looking a bit more difficult than Train, off the RPM road.

    https://hotcopper.com.au/data/attachments/5642/5642558-5570b926d2917cbcb9b03418ec904452.jpg

 
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