Anova Metals Limited advised that it has completed a soil sampling program, a geological mapping program and an aerial survey at its 100%-owned Big Springs Gold Project (Big Springs) in Nevada, US. Big Springs, like the neighbouring Jerritt Canyon Gold Mine, is a typical Carlin-type gold deposit; located in northern Nevada; one of the world's most prolific gold production provinces. Jerritt Canyon has produced approximately 10 Moz of gold in 40 years of operation.

The Big Springs tenure holds an existing resource of over 1 Moz gold just 20km north of Jerritt Canyon. The 20kms of geological strike from the active Jerritt Canyon mines to the existing Big Springs deposit has never been systematically explored, and the opportunities for adding new resources are substantial. Anova has been applying the approach of "using best technology to expedite discovery at underexplored ground" at Big Springs for two years now; and has made significant progress towards aggressive drilling of greenfields targets.

The work carried out as part of this current program will directly assist with testing for repeats of the Jerritt Canyon mineralization on Anova ground. The soil sampling program was conducted by Ethos Geological over the Golden Dome South prospect, in one of the least geologically understood areas in the Big Springs Property. In total, 2,821 samples were collected over a 14 square km area.

Samples were submitted to ALS Global for gold and 42-element assays. At present, 85% of the samples are in process, and all results are anticipated by mid-to-late December. The Golden Dome area is believed to be highly prospective because previous (limited) drilling and mapping have suggested that lower-plate stratigraphy, analogous to Jerritt Canyon, occurs either at surface or very near surface.

The recently completed soil sampling and mapping results will determine follow-up 2023 mapping, and drill targeting, within the southern extent of Big Springs. Concurrent with the soil sampling activities, geological and structural mapping was carried out at the Jacks Creek and Mack Ridge areas, to provide geologic context to the 2021 soil geochemistry results. The total area covered at 1:6000 scale was 28 km2.

Significant features identified from the mapping include repeating sections of shear zones, jasperoids, mineralized pillow basalts, cataclastic breccias along favourable structural corridors, as well as overturned coaxial folds that can act as important traps for mineralizing fluids. Ethos Geological also conducted a detailed UAV drone photography survey over the topographically highest portions of the Big Springs property; to produce a better mapping base for future work than is currently available in the public domain. Data acquisition was completed in approximately one week and expected imagery resolution is 8cm per pixel.

Elevation resolution is expected to be 24 cm/pixel. Final data processing is in progress.