Nova Minerals Limited to advise that a focused drilling program has commenced at Cathedral with one diamond rig operating. The drilling program aims to rapidly test for shallow (<100m) resource extensions at Cathedral which has the potential to be the feeder system of the 8.1Moz Korbel Main Deposit, within the Company's Estelle Gold Project, located in the prolific Tintina Gold Belt in Alaska. These high-grade grab samples, and the correlation between gold and arsenopyrite which has been proven from drilling and metallurgical testing within the Korbel Main Deposit, provides encouragement that the Cathedral target has the potential to be the feeder system for the large presently identified gold system at Korbel Main.

The resource potential within the Korbel Valley alone has progressively grown in stature with each round of drilling completed to date. This targeted drilling is not only aimed at increasing the size of the resources in the immediate area, but will also give Nova an improved geological understanding of the systems within the wider Korbel Valley.