EraNova Metals Reports Samples of up to 257 g/t Gold and 3,660 g/t Silver at Lakeview and Defines New Drill Target on the Ruby Creek Property
Executive Summary
- EraNova Metals announced the discovery of a high‑grade gold‑silver vein system at its 100 % owned Ruby Creek Project, defining a new Lakeview drill target and expanding known mineralization at Little Edda and along the BDX trend.
- Surface grab samples returned exceptionally high grades (e.g., up to 257 g/t Au and 3,660 g/t Ag) and notable multi‑metal values (Pb, Cu, Zn, W), supporting a dual‑track strategy of advancing both the Adanac molybdenum PEA and multiple precious‑metal exploration targets.
- The company plans to move quickly toward drill testing of the Lakeview corridor while continuing broader exploration across its 29,734 ha land package.
Key Details
- Lakeview Target (new drill target)
- Grab sample: 257 g/t Au, 3,660 g/t Ag (same sample).
- Additional high‑grade grab: 113.1 g/t Au, 2,202 g/t Ag.
- 15 samples > 1 g/t Au (6 float), 10 samples > 100 g/t Ag (1 float).
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Vein system sub‑parallel, sub‑vertical quartz‑carbonate veins; surface expression ~200 m × 250 m.
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Little Edna Target
- Visible native gold in a 2‑m wide quartz vein.
- Grab sample: up to 166 g/t Au, 688 g/t Ag (visible gold).
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Channel sample (1 m): 197 g/t Ag.
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BDX Trend (float grab samples)
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Silver up to 736 g/t Ag; Pb up to 2.0 %; Tungsten (WO₃) up to 0.68 %.
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Multi‑metal outcrop values (selected assays)
- Pb up to 1.4 %, Cu up to 0.23 %, Zn up to 0.67 %.
| Target | Sample ID | Type | Ag (g/t) | Au (g/t) | Pb (%) | Zn (%) | WO₃ (%) |
|---|---|---|---|---|---|---|---|
| Lakeview | 5563838 | Grab (o/c) | 3,660 | 257.0 | 1.40 | 0.16 | 0.00 |
| Lakeview | 5563839 | Grab (o/c) | 2,202 | 113.10 | 0.87 | 0.12 | 0.00 |
| Little Edna | 1893487 | Grab (o/c) | 688 | 165.79 | 1.38 | 0.12 | 0.00 |
| Little Edna | 1893491 | Channel (1 m) | 197 | 0.02 | 0.31 | 0.03 | 0.00 |
| BDX | 3835751 | Grab (Float) | 736 | 0.01 | 2.04 | 0.01 | 0.15 |
| BDX | 3835755 | Grab (Float) | 55 | 0.00 | 0.09 | 0.02 | 0.68 |
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Analytical QA/QC: Samples analyzed by Bureau Veritas; gold via fire assay with gravimetric finish; multi‑element via Aqua Regia digestion & ICP‑MS; over‑limit elements using appropriate techniques. All results passed QA/QC screening.
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Qualified Person: Nicholas Clive Aspinall, M.Sc., P.Eng., verified data and approved technical information per NI 43‑101.
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Strategic Context
- Development Track: Advancing the Adanac molybdenum project toward a NI 43‑101 compliant Preliminary Economic Assessment (PEA).
- Exploration Track: Pursuing high‑impact targets including Silver Surprise Zone (up to 16,030 g/t Ag), Ruffner Copper‑Gold Porphyry (samples up to 8.1 % Cu, 36.8 g/t Au), and the newly defined Lakeview gold‑silver system.
Notable Quotes
“These results are significant for the Company as they confirm the presence of a high‑grade, structurally controlled precious metals system at Lakeview and support advancement toward drill testing.” – Meredith Eades, President & CEO
Materiality Assessment: Non‑Material – Positive (high‑grade surface results are encouraging but do not yet constitute a resource or revenue).