(MENAFN- ABN Newswire)
Officer Hill Gold Joint Venture 2018 Exploration Program Melbourne, Aug 30, 2018 AEST (ABN Newswire) - Following the decision by Newmont Tanami Pty Ltd (Newmont) (a wholly owned subsidiary of Newmont Mining Corporation) to form a joint venture with Nova Minerals Limited (Nova or Company) ( Table 1: Program and activities approved ----------------------------------------------------------------- Proposed Program 2018 (H2) Units ----------------------------------------------------------------- DSG Infill samples at Paris Prospect (Phase 1) 249 Airborne Gravity Gradiometry (CGG) (Phase 1) Diamond Drilling 4,100m 3x 700m (Phase 1) 2,100m 2x 1,000m Phase 2) 2,000m -----------------------------------------------------------------
NVA Managing Director, Mr. Avi Kimelman said:
"We are excited with the commencement of the Joint Venture and approval of the program as it is the first major step in advancing the Officer Hill Gold Project. This is an exciting phase for Nova across the project as it is located within the ~13 million ounce Tanami endowment and within close proximity to Newmont's Tanami Gold Mine".
"Newmont's involvement brings valuable technical expertise and insights to the Project, and provides further endorsement of Nova's exploration package at the Officer Hill gold project."
"Concurrent with Officer Hill exploration program, Nova is fast tracking its Estelle Gold Copper project exploration and development activities in Alaska and Thomson brothers lithium project operations and corporate development strategy which will deliver a parallel approach to enhance shareholder value across our company's project portfolio as quickly as possible."
To view tables and figures, please visit:
http://abnnewswire.net/lnk/AIN6GVV3
About Nova Minerals Ltd
The company plans to create shareholder value through two-pronged strategy:
- Capitalise on the growing demand for energy storage and the resulting demand for lithium, cobalt and nickel by fast-tracking exploration and development activities in our North American assets with particular focus on our flagship lithium project and prospective Chip-Loy Nickel Cobalt Sulphides project.
- Diversification by gaining exposure to base and precious metals through our farm-in JV at our district scale Estelle gold copper silver project and our Northern Australian gold exploration assets.
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