NVA nova minerals limited

RPM South

  1. 7,273 Posts.
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    New holes shown red.
    https://hotcopper.com.au/data/attachments/5655/5655531-800541f784aa387010c71b5f3a566a09.jpg

    I'll try to calculate gram meters for the old holes vs new holes.

    New Holes (ignores intercepts <50m):
    RPM-038 - 156m interval, 78 gram meters.
    RPM-039 - 147m interval, 72 gm.
    RPM-040 - 172m interval, 103 gm.
    RPM-041 - 81m interval, 40 gm.
    RPM-042 - 265m interval, 132 gm.
    RPM-044 - 252m interval, 126 gm.
    RPM-046 - <50m interval, N/A.
    Total intervals: 1073m, Average: 92 gm+, 0.51g/t.

    Old Holes:
    RPM-013 - 125m interval, 75 gram meters.
    RPM-019 - 344m interval, 172 gm.
    RPM-026 - 373m interval, 186 gm.
    RPM-028 - 352m interval, 105 gm.
    RPM-029 - 250m interval, 150 gm.
    RPM-032 - 220m interval, 110 gm.
    RPM-034 - 260m interval, 104 gm.
    Total intervals: 1924m, Average: 129 gm, 0.47g/t.

    So the new holes have better grades, but are shorter. Meaning, left side (white holes) are longer intersections, going down into the mountain.

    https://hotcopper.com.au/data/attachments/5655/5655552-6c8a589ec0a4ba6d095ba25d80135b84.jpg

    However, RPM-013 was previously the only hole going right:
    https://hotcopper.com.au/data/attachments/5655/5655559-cc7ce4d94a959aafd851e3b8d86f347f.jpg

    RPM-013 - 125m interval, 75 gram meters, 0.6g/t

    The 3 new holes beside it were:
    RPM-038 - 156m interval, 78 gram meters, 0.5g/t.
    RPM-039 - 147m interval, 72 gm, 0.5g/t.
    RPM-040 - 172m interval, 103 gm, 0.6g/t.

    Slightly better gram meters, but lower grade. Overall, maybe neutral for that right side? But the inferred resource may have been a bit generous in that direction, so may be cut back.


    Of note are the 2 holes (RPM-042, RPM-044) going down hill:

    https://hotcopper.com.au/data/attachments/5655/5655566-a1563c657432d9a3eef1432099b9e3d3.jpg
    https://hotcopper.com.au/data/attachments/5655/5655605-ea4130ef3700c83f2ce02f52de2e4e87.jpg
    - Running parallel to surface should make it cheap/viable to mine.

    https://hotcopper.com.au/data/attachments/5655/5655597-d2ed76bee83d9b292523d463f37d234a.jpg
    The older white holes' intersections ended at these points, so provided minimal evidence for gold in the shaded area.

    https://hotcopper.com.au/data/attachments/5655/5655603-1f30375cad9921f1bd743a0e5616bf2c.jpg
    The new holes provide some evidence of gold in this shaded area. That seems to be a likely addition to the resource, once we get a resource update. A decent length, shallow, decent grades. A bit sporadic/intermittent, but a fair bit of yellow grades.

    https://hotcopper.com.au/data/attachments/5655/5655628-753e27731df2680c2b60dabfc232a9ba.jpg


    These sub-intervals are from the bottom of those holes.

    Since they run parallel to surface, a deep intersection on these holes is somewhat equivalent to a shallow intersection on another hole.

    Eg. an old hole, RPM-026 - 373m interval, 186 gm.

    More than half of this hole falls too deep within the mountain, outside of the proposed pit design (unless shallower ore was located uphill, to expand the pit).

    So comparing the 2 new downhill holes:
    RPM-042 - 265m interval, 132 gm.
    RPM-044 - 252m interval, 126 gm.

    They stack up nicely, since the whole hole is shallow (running parallel to surface).

    It might be that the pit gets extended like this (maybe more depending on Valley results):

    https://hotcopper.com.au/data/attachments/5655/5655633-4bdfe50961afeeea7bd84a13305737fb.jpg

    But with no SS3 to come, that would be possible in PFS. But PFS may require indicated resources? In which case, can it be included yet, or requiring denser drilling first?


    Back to the first image. At least things are a lot clearer now with the addition of the red drills, compared to just the old white drills.

    https://hotcopper.com.au/data/attachments/5655/5655636-8ae7a246ba000a8d07ab9b366631918c.jpg
 
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