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Nova Minerals Says Three Diamond Drill Rigs Operating at Alaska Gold-Critical Minerals Project; Shares Fall 5%

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Nova Minerals (ASX:NVA) said three diamond drill rigs were operating onsite at the Estelle gold-critical minerals Project project in Alaska, conducting drilling 24 hours a day, seven days a week, according to a Thursday Australian bourse filing.

Meanwhile, the firm said it submitted a plan of operations for the antimony project to the Alaska Department of Natural Resources for final review and approval. Civil, wetlands, and cultural resource surveys were also completed along the Korbel and RPM trails.

A Z-Axis tipper electromagnetic survey was flown across the entire claim block, and the data is currently under evaluation, per the filing. Geologic mapping and sampling have been ongoing.

Nova Minerals' shares fell nearly 5% in recent trading on Thursday.

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