Nova Minerals Limited Launches 2025 Dual-Rig Drilling Program in Alaska, Targeting Expanded High-Grade Gold and Antimony Resources

Monday, July 21, 2025
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8:27 am
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Nova Minerals Limited has kicked off its 2025 drilling program in Alaska with dual diamond rigs and an RC rig. Early results indicate promising extensions at the high-grade RPM deposit, highlighting substantial near-surface resource potential and energizing future exploration efforts.

Nova Minerals Limited has initiated an aggressive drilling program at its high-grade RPM deposit in Alaska, using two diamond drill rigs and a reverse-circulation (RC) rig operating around the clock under the region’s continuous daylight. The program is focused on expanding the RPM North zone and connecting it with the adjacent RPM Valley zone, where early geological observations have revealed promising signs of sulfide mineralization and quartz veining—features that bear similarity to those found at RPM North in previous campaigns. The diamond drilling program at RPM North seeks to test both eastern and western extensions, while additional drilling at RPM Valley is aimed at resource expansion and definition. Meanwhile, the RC rig has demonstrated its capability to rapidly penetrate up to 30 meters of glacial till, a key step in sampling highly mineralized valley-fill material that has already shown average gold values exceeding 1 g/t. Additionally, a maiden drilling program is underway at the Stibium antimony-gold prospect, and further testing has been completed at the Korbel starter pit area, with samples en route to the laboratory. Investors will note that the company is also advancing ancillary exploration efforts with mapping, sampling, and environmental studies that complement an ongoing pre-feasibility study. There is further anticipation surrounding potential updates regarding a U.S. Department of Defense grant aimed at fast-tracking the development of the Antimony Project. Nova Minerals’ exploration manager has expressed optimism regarding the prospect that an encountered intrusive/hornfels contact may represent an extension or offset of the high-grade RPM North zone, highlighting the significant resource upside present in the area. Market sentiment surrounding the announcement can be seen in a bullish light due to the encouraging early geological observations, the effective performance of the RC rig in glacial conditions, and the potential for substantial near-surface resource expansion. These factors, coupled with ongoing technical and environmental studies, suggest that Nova Minerals could see a considerable upgrade in its resource estimates. On the bearish side, caution remains as critical assay results are still pending and forward-looking statements reflect the inherent risks associated with early-stage mineral exploration. Uncertainties regarding development timelines, permitting, and market fluctuations in metal prices also temper the optimism, reminding investor beginners to consider the volatility typical to exploration-stage ventures. Overall, the drilling program reflects Nova Minerals Limited’s commitment to enhancing and expanding its mineral resource base, positioning the company for potential long-term growth while also highlighting the natural risks and inherent uncertainties in the exploration sector.

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