This is a great announcement IMO and the one I have been waiting for. Good to now have some time guide lines for the upcoming exploration season and looks like we are going to get alot of newsflow on the project.
I like the idea that we might even have 2 drills running at the same time during at least part of the season too if they do the infill drilling for the pit optimisation models for Oxide North too.
Also sounds like we might get JORC's on both the Oxide North and Oxide South prospects this season. Remember the 2.2 – 5.3 million ounce gold exploration target they currently have is only in that red box on the Oxide North prospect. Oxide South could also be equally as big.
"Oxide North and Oxide South alteration envelopes measures 1300 to 1600 metres along strike and have widths of between 550 to 600 metres. Total depth extents of these alteration envelopes are unknown at this time."
Then we are also getting mapping done on the RPM and Shoeshine targets too this season with "The RPM occurrence .....reported in September of 2012 a drill hole intercept of 102.11 metres grading 1.04 g/t gold which contained a high grade intercept of 2.07 g/t gold over 21.94 metres"
And to cap the field season off "Pacific Rim will be engaged to complete follow up prospecting on the 15 plus additional showings that Nova controls as part of the Estellle claim group."
Also gotta love this too "emerging gold district of 10 - 20 M oz...thats alot of gold and with the gold price rising....
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- Ann: Nova Prepares Exploration Campaign at Estelle Gold Project
This is a great announcement IMO and the one I have been waiting...
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