Anova discovers shallow high-grade gold at Big Springs, eyes resource growth
Link copied to
Anova Metals has made a wonderful shallow, high-grade gold discovery at Crusher Zone South at its Big Springs project in Nevada, USA.
The results highlight several new lodes of gold mineralisation, which include:
This represents the first significant new gold discovery at Big Springs in the last 15 years, and the company says it confirms the effectiveness of its targeting and exploration approach.
The remaining assay results from 2021 drilling are expected to be received later this month.
Big Springs has Measured, Indicated and Inferred mineral resources of 16 Mt at 2.0 g/t gold for 1.03 Moz – and it looks like there’s room to grow.
“We are excited to confirm the first significant new gold discovery at Big Springs since the mid-2000’s,” Anova Metals (ASX:AWV) MD and CEO Dr Mingyan Wang.
“These excellent initial results have not only affirmed the substantial potential to rapidly grow resources at Big Springs, but also further enhanced our confidence in seeking to explore the other high priority targets identified from the comprehensive targeting study completed last year at Big Springs.”
Dr Wang says the results are a strong endorsement of its initial planning for further target drilling later in 2022.
“Applying our systematic approach to testing further targets at Mac Ridge North and Jacks Creek in 2022, we will endeavour to keep delivering outstanding, value-accretive exploration results for our shareholders,” he said.
This article was developed in collaboration with Anova Metals Limited, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.