Resource Focus: Gold
About The Company
Anova is an ASX listed and Nevada focused gold explorer at the Big Springs Gold Project aiming to upgrade and extend current Gold Resources (1.03 Moz’s) and carry out focused exploration for new Resource discoveries and ongoing extensive exploration through 2021 and onwards.
The Big Springs Gold Project is a Carlin style gold deposit located 80km north of Elko in NE Nevada, USA and produced 386,000 oz’s of gold between 1987 and 1993. Production ceased due to low prevailing gold price. It is in close proximity to multiple other +10 Moz resource Carlin style gold projects in the region, including the producing Jerritt Canyon gold mine which is 20Km to the south of Big Springs.
Big Springs currently has Measured, Indicated and Inferred Resources of 16 Mt at 2.0 g/t Au for 1.03 Moz’s of gold (refer table 1 and AWV ASX release 26 June 2014), over 50sq km of highly prospective ground. Increasing cut-off grade to 2.5 g/t gold, the high-grade component has a JORC 2012 resource of 3.1 Mt @4.2 g/t for 415 Koz of gold. Big Springs is fully permitted for Stage 1 mining operations.
By combining recently completed (2020) comprehensive geophysical surveys (Gravity, Magnetics), hyperspectral remote sensing re-interpretation, along with historic IP survey data and results of current diamond drilling (commenced October 2020), geochemistry and ground mapping, will provide immediate exploration targets.