Anova Metals Limited advised that it has received further assay results for another two batches of soil samples from exploration program at its 100%-owned Big Springs Gold Project (Big Springs) in Nevada, US. Approximately 5,500 soil samples were collected at Big Springs in 2021 over an area of approximately 17 km2. This sampling was designed to evaluate the gold mineralisation potential at Jacks Creek, Mac Ridge North and Golden Dome South.

Assay results for more than 4,000 soil samples have previously been received with Anova announcing encouraging new gold anomalies at Jacks Creek, Mac Ridge North and Golden Dome, including within new claims that were only secured by the Company in August 2021. These anomalies are typically located along the faults and intersections between faults that were identified from gravity studies. Assays for a further two batches of approximately 1,000 samples in total at Golden Dome South have now been received.

More significant gold-in-soil anomalies have been returned along the east-west faults identified from gravity data analysis. These most recent anomalies are concentrated in the southern zone of the Golden Dome South area and include multiple samples of both 20-30 ppb Au and +30 ppb Au. Consistency between historical soil gold anomalies and identified in-situ gold mineralisation is affirmed by historical drilling results, such as the historical intercept of 6.1m @ 2.79 g/t Au, which is located approximately 500 metres to the north of this southern zone at Golden Dome South.

Surface mapping is planned as soon as conditions permit, to refine the identified gold anomalies and provide enhanced targeting for planned future drilling activiti The RC drilling program for 2021 was completed with 15 holes having been drilled for a total of 2,620 meters. Drilling was stopped earlier than planned due to the weather conditions. However, the two main greenfield targets were tested, including Crusher Zone South and Beadles Fault; to find repeat ore bodies in between Beadles Creek and South Sammy.

Encouraging Carlin gold mineralization indicators such as sulphide mineralisation and argillic alteration were observed from the RC chips. One hole designed to follow up the 401 deposit drilling intercept of 10.85m @ 3.96 g/t in 2020 was completed as well. The fully permitted 11 holes with a total of 2,500 meters will be continued to drill in 2022.

Assay results are expected to be received late in January and early February. The Company will keep the market informed.