NVA 2.44% 21.0¢ nova minerals limited

Ann: New High Grade Gold Domains Within Korbel, page-61

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  1. 137 Posts.
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    digger, my interpretation of the announcement is the same as yours.

    KBDH-005 was drilled E from PAD 4 towards where the PAD 6 drill rig is now situated, whereas KBDH-025 was drilled SE from PAD 4 - where it intersects the three planned drill holes from PAD 6 - so these four holes will confirm the SE extension resource (unless there is additional drilling planned not depicted on Figure 1 of the today's announcement). It may be the "SW extension" could be the result of what has been seen in the core of KBDH-021 and 023, which head SW from PAD 4 to outside of the current resource model.

    My interpretation of Figure 1 is that you are correct about KBDH-024 (which heads SE from PAD 2). It appears this hole confirms that Blocks A and B are actually one resource (along with Holes 20 and 22 which head NW from PAD 3) - which lead to the renaming to "Korbel Main", and given the higher grades than previously reported, the 3.3m oz Interim JORC resource should be upgraded when the next JORC resource figure in Q1.

    Wacko, to me it looks like the hole SW from PAD 2 is KBDH-034, for which assays are yet to be reported.
 
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