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23.0¢ nova minerals limited

Ann: Operational and Canadian listing update, page-31

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Phantom13

17 Posts.

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16/02/19

08:53

Post #: 37456655
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Originally posted by wombat777: ↑

Summer in the Northern Hemisphere is June, July and August.

I spoke to the MD of PXX at Rising Resource Stars on Tuesday. They also have a project in Alaska. They can get in for exploration from about April or May ( depending on weather ). They can run through to as late as October ( again depending on the weather ). Incidentally that project is also ex-Millrock project.

Based on what was said above "a lot earlier" so I think we might see IP surveys done in April or May. If they started drilling in June that would be 8-12 weeks earlier than they started drilling last year. Will give them an extra 2-3 months as a window for drilling.

Note that IP surveys will help with optimising drill-targets so it is helpful if that is done. Would assume based on results of IP survey perhaps 4-8 weeks for drill permits ( gut feel ). Ideally they can get the IP survey done by end of April.

The IP Survey will be of particular interest because of the rock chip and channel sampling they did last year.

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NVA had a permit to drill up to 8000m. Only a fraction was drilled. IMO the permit should still be valid.

NVA Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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