Nova Minerals (NASDAQ: NVA) announced more high-grade gold intercepts from its 2024 drilling program at the RPM deposit within the Estelle Gold-Antimony Project in Alaska. Highlight results include 39m at 5.4 g/t Au from surface, extending the high-grade gold zone to the surface. These results support the ongoing Feasibility Study for a low-capex, high-margin starter mine. Nova plans to release more drill results and resource updates, aiming to establish early cash flow for broader expansion across its 500km² flagship project.
Disclosure
Nova Minerals (NVA) is a client of RedChip Companies, Inc. NVA agreed to pay RedChip Companies, Inc. a $5,000 monthly cash fee, beginning in August 2024, and 600,000 shares of NVA’s ASX-listed shares, for 12 months of investor awareness services. RedChip will receive an additional 600,000 shares of NVA’s ASX-listed shares when the average five-day trading volume reaches 100,000 ADS per day or NVA’s market cap reaches $75 million within 12 months of the agreement. NVA also agreed to pay RedChip a $10,000 digital ad budget, a $50,000 fee for a national TV ad campaign aired weekdays in August 23 to September 13, 2024, and a one-time $90,000 cash fee for a national TV ad campaign aired in September 30 to October 24, 2024.