Anova Metals (ASX: AWV) - Under the Radar Gold Stock

Gavin Wendt

At a time when interest in gold continues to increase due to uncertainty surrounding the global economy, negative interest rates and a potential Brexit, Anova Metals is an emerging junior gold play that's so far gone under the radar as far as many domestic investors are concerned. The reason? The company's flagship asset is situated in northern Nevada, USA and Anova hasn't engaged in a lot of domestic promotion. Instead, it's been focused on the nitty gritty of obtaining pre-mining approvals to allow it to transition to production status as quickly as possible. Its Big Springs deposit is situated within the Carlin district, a world-class gold district hat provides access to all essential mining services. Carlin produces approximately 75% of the USA’s annual gold output, having produced more than 150Moz of gold - most over the past 30 years. Big Springs incorporates a current well-defined resource of 16Mt @ 2.0g/t for 1.03Moz, with a higher-grade component of 3.1Mt @ 4.2g/t for 415koz. The plan is to toll-treat at the neighbouring Jerritt Canyon gold operation, now owned by Sprott Group.


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