Supernova Metals Corp. announced that it has received its drill permit for the Cold Springs gold-silver project in Nevada, and the company has engaged Falcon Drilling Inc. to conduct up to 2,000 metres of diamond drilling on the project. The drill program is designed to target new, untested geophysical anomalies identified as the potential source of the project's known mineralization and will be comprised of at least 4 holes. An announcement will be made when the drill program has commenced which is expected to begin on February 1, 2021. A recent three-dimensional induced polarization ("IP") and resistivity survey identified a large, compact zone of low resistivity (< 35 ohm-m) approximately 200 metres west of the range front fault and west of exposures of second stage high-grade low sulphidation veins on the west flank of the central hill. This zone extends deeper than the detection limit of the survey (approximately 200 metres below surface) and has a top at around 80 metres, the inferred approximate depth to bedrock beneath alluvium in this area. The 2021 drill program will test the buried IP resistivity anomaly that is interpreted to potentially represent the buried roots of the epithermal system that is exposed across the range front fault on the hill to the east. Several drill holes will also test a chargeability feature that appears to be associated with the interpreted range front fault. These geophysical features may represent alteration and silicification related to a mineralizing system and offer compelling exploration targets that will be tested by this initial drill program.