Anova releases more Big Springs results, narrows down priority gold targets

Anova Metals (ASX:AWV) has received the final three assays results from its RC drilling program at the Big Springs gold project in Nevada, USA, last year – and plans to incorporate them into a mineral resource estimate for the project.

Drill hole BS21_14 returned a thick intercept of 16.75m at 1.68 g/t gold from 83.7m, including 4.57m at 3.71 g/t.

And drill hole BS21_13 confirmed and extended the shallow and oxidized gold mineralisation previously discovered. Mineralisation in association with predicted fault structures was confirmed as well.

These results will also be incorporated into the design of the planned 2022 resource and exploration target drilling program.

Beadles Creek drilling a priority this year

The 2021 drilling program tested the Crusher Zone South target, along the Beadles Creek Fault, and the mineralisation extension at 401 deposit – with Beadles Creek the priority for 2022.

“Gold mineralisation at 401 deposit was further extended at depth and remains open,” Anova Metals (ASX:AWV) MD and CEO Dr Mingyan (Joe) Wang said.

“Also importantly, shallow oxidized gold mineralisation controlled by the Beadles Creek fault was re-affirmed by BS21_13, which was consistent with the intervals from BS21_11 and BS21_12.

“Follow up drilling to test the mineralisation at Beadles Creek is a priority for drilling in 2022.”

Plan of operation expansion under review

The company says its expanded Plan of Operation (POO) application is under review to cover an area up to 3,600 Ha – up from the existing POO if 68 Ha – and would cover the majority of the high priority targets at the project.

“Anova is pleased by the overall outcomes of the 2021 RC drilling program, which are consistent with the targeting study released in May 2021 and have strongly affirmed our understanding of the mineralisation controls at Big Springs,” Dr Wang said.

“Our expanded POO application is under review by Forest Services, which if granted will allow the company to conduct aggressive drilling across a considerably wider area at Big Springs that also covers 19 high priority district targets.”

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.