NVA 4.88% 21.5¢ nova minerals limited

Bowser Creek

  1. 3,387 Posts.
    lightbulb Created with Sketch. 1485
    Nova included a link to this historic data for the Bowser Creek Property intoday's announcement.

    https://pubs.usgs.gov/circ/1968/0559/report.pdf

    There's certainly no drill data but it does provide a starting point for field exploration. There should also be desktop studies they can do of more recent geophysics ( aerial surveys and so forth ).


    Screen Shot 2019-01-18 at 7.46.03 pm.png

    This figure is from the paper:

    Screen Shot 2019-01-18 at 7.59.40 pm.png

    Desktop analysis will allow them to determine the next steps for this prospect. They may have already done further analysis in background given they have decided to include the above slide in the presentation.

    The report talks about relatively small pockets of mineralisation at surface. They would certainly want to go and do field work and rock sampling, to determine whether to prioritise further exploration.

    In the absence of much more to look at in this point in time. I had a quick look for some silver projects where silver is the dominant mineral. Mineralisation and metals hosted are often quite complex so it makes it easier where projects us Ageq ( or silver-equivalent terminology in assays and resource statements  ).

    Obviously way to early to do any real comparisons with these, but does give some perspective of silver projects. Hopefully not a fizzer like Chip Loy was. I don't want them to spend much time on it until after some real focus has been put on Estelle.

    Column 1 Column 2 Column 3 Column 4
    0
    Company Name

    Ticker

    Market Cap

    Resource (Moz ag or Moz ageq)

    1 SILVERMINE FPO
    SVL.AX

    AUD $ 41.02 M
    275 Moz

    2 ARGENT MIN FPO
    ARD.AX

    AUD $ 6.58 M
    100 Moz

    3 SILVER BULL RESOURCES INC
    SVB.TO

    CAD 37.72 M
    90.8 Moz

    4 FIRST MAJESTIC SILVER CORP. COM
    FR.TO

    CAD 1,353.09 M
    196.19 Moz

    5 PAN AMERICAN SILVER CORP
    PAAS.TO

    CAD 2,945.26 M
    68.6 Moz

    6 GREAT PANTHER SILVER LIMITED
    GPR.TO

    CAD 140.41 M
    97.89 Moz

 
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