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Nova Confirms Higher-Grade Starter Pit Potential within the 4.05 Moz Pit-Constrained Korbel Gold Deposit
Anchorage Alaska, Jan. 21, 2026 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) ) is pleased to announce shallow reverse circulation drilling results within a proposed starter pit at the Korbel Main Deposit within the Company's flagship Estelle Gold and Critical Minerals Project (Estelle or the Project), located in the prolific Tintina Gold Belt in Alaska. Highlights 2025 shallow RC drilling defines a near-surface higher-grade core at the b
About this update from Nova Minerals Limited
[{"type":"image","alt":"NOVA MINERALS LIMITED","displaySize":"","headline":null,"caption":"NOVA MINERALS LIMITED","className":"","disableSlideshowImg":false,"size":{"original":{"width":260,"height":300,"url":"https://media.zenfs.com/en/globenewswire.com/b509026d9d0d6a343cc89b9dcc2984fe"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/O.tCzkt_ifwgWmnUrPOsvA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQ4NTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/b509026d9d0d6a343cc89b9dcc2984fe","width":260,"height":300}},"lazy":false},{"type":"text","content":"Anchorage Alaska, Jan. 21, 2026 (GLOBE NEWSWIRE) -- Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) ) is pleased to announce shallow reverse circulation drilling results within a proposed starter pit at the Korbel Main Deposit within the Company's flagship Estelle Gold and Critical Minerals Project (Estelle or the Project), located in the prolific Tintina Gold Belt in Alaska.","length":418,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"list","items":[{"val":[{"type":"text","content":"2025 shallow RC drilling defines a near-surface higher-grade core at the bulk-tonnage Korbel Main Deposit, with grades up to 1.2 g/t Au.","length":136,"tagName":"p"}]},{"val":[{"type":"text","content":"Results indicate a pilot starter pit approximately 250m long by 80m wide may be suitable within Korbel Main, with drilling identifying a higher-grade core within its bulk-tonnage pit-constrained resource of 275 Mt @ 0.3 g/t Au for 2.70 Moz Au (Table 3).","length":253,"tagName":"p"}]},{"val":[{"type":"text","content":"Korbel Main forms part of the broader Korbel Gold Deposit, which includes the Cathedral Deposit, currently hosting a pit-constrained 1.35 Moz Au resource (150 Mt @ 0.3 g/t Au – Table 3).","length":186,"tagName":"p"}]},{"val":[{"type":"text","content":"With gold prices currently around US$4,600/oz, the combined 4.05Moz Au (Table 3) Korbel bulk-tonnage pit-constrained resource is anticipated to materially contribute to Project economics under evaluation in the ongoing feasibility study (FS).","length":242,"tagName":"p"}]},{"val":[{"type":"text","content":"Highlights from the 2025 shallow, closely spaced, infill 14-hole reverse circulation (RC) drill program at Korbel include (Table 1 and Figure 4):","leng...