1. Most Discussed
  2. Gainers & Losers
AWV 1.9¢

News: Anova Metals raises $2M to progress Nevada gold project

  1. Anova Metals (ASX:AWV) has received firm commitments from sophisticated and professional investors to raise $2 million through the issue of 50 million shares priced at $0.04 each.

    Proceeds will be used primarily for permitting, mine design finalisation and site works in preparation for commencement of mining operations at its Big Springs Gold Project in Nevada.
    The capital raising will be undertaken in two tranches with the first tranche of 37,500,000 shares to raise $1,500,000 to be issued upon completion of the documentation and the second tranche of 12,500,000 shares to raise $500,000, will be issued subject to shareholder approval.

    Big Springs has a contained Resource of 1.03 million ounces of gold.

    Recent drilling has confirmed the high grade nature of mineralisation.
    Best intersections included:

    - 20.5 metres at 7.6 grams per tonne gold from 7 metres;
    - 7.6 metres at 9.5 g/t gold from 53.3 metres;
    - 6.1 metres at 11.8 g/t gold from 9.1 metres; and
    - 10.7 metres at 8.7 g/t gold from 45.7 metres.

    Big Springs is close to good supporting infrastructure with the Carlin region of Nevada being the primary gold production centre for the U.S.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.