Nova Minerals is an Australian based gold explorer with its main Estelle project in Alaska. The Tintina Gold Belt is home to many massive gold deposits such as Fort Knox (Kinross) and Donlin Creek (Barrick/Nova Gold).
Massive near-surface gold mineralization enables profitable mines, although experience shows that gold grades are relatively low. High gold output rates do the rest and support potential economic mining. At Estelle, Nova Minerals is currently focused on the Korbel sub-target and reported an inferred gold resource of 3.3 million ounces there in October 2020. However, Nova Minerals expects a double-digit million ounce gold inventory in the medium term, which is not uncommon in this region. Korbel is only 1 of 15 promising targets on the vast Estelle property. Therefore, geologists assume that there is a similar potential for a huge deposit at Estelle as at the neighboring projects. In addition to Estelle, Nova Minerals holds a majority interest in a lithium project in Canada and another gold project in Australia. The latter is being explored and financed in collaboration with joint venture partner Newmont Goldcorp. Nova Minerals' coffers are well-filled for further exploration in Alaska, giving German-speaking CEO Christopher Gerteisen an optimistic outlook for the future. He knows very well that if the ounce count of his resource is right, the very big gold producers will knock on his door. They urgently need supplies for their annually decreasing gold reserves.