Further High Grade Lithium Results for Snow Lake Lithium
Melbourne, June 1, 2022 AEST (ABN Newswire) - Nova Minerals Limited (
ASX:NVA) (QM3:FRA) (NVAAF:OTCMKTS) advises 37% owned Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. (Nasdaq:LITM) (Snow Lake), confirmed today an update on the current drilling campaign at the Snow Lake Lithium project in Northern Manitoba.
- Snow Lake intercepts high grade lithium in 4 separate pegmatite dykes
- Drilling Results continue to validate resource expansion across the property
- Lithium intercepts confirm growth at near surface SG & Grass River
- Drilling campaign continuing to execute against previously stated objective
Best Results:
- SGP = 1.84% Li2O over 6.32 meters (GRP-003)
- TBL = 1.36% Li2O over 17.97 meters 429.50 meters down hole (TBL-035)
- BYP = 1.50% Li2O over 7.00 meters (BYP-001)
Snow Lake's project now contains four identified dykes with high grade lithium intercepts above 1% Li2O with the TBL and GRP continuing to return positive results (see Table 1). In addition, the Snow Lake is happy to report intercepts on the SGP and BYP dykes (see Table 1*). Both the SGP and BYP dykes were located and sampled during last fall's prospecting campaign (Dec 06, 2021- Snow Lake Resources Ltd. Samples Up To 6.97 WT% Li2O from its Manitoba Project).
Of note are the deep and wide intersections of TBL-035 (see Table 1*) seen at 429.50 m at depth. This could indicate that this pegmatite system may continue much deeper on the project than initially anticipated. Future drilling will test the possible depth extensions of the TBL dyke.
*To view the full release with tables and figures, please visit:
https://abnnewswire.net/lnk/1E3736SW
About Nova Minerals Limited
Nova Minerals Limited (ASX:NVA) (FRA:QM3) is a Gold, Antimony and Critical Minerals exploration and development company focused on advancing the Estelle Project, comprised of 514 km2 of State of Alaska mining claims, which contains multiple mining complexes across a 35 km long mineralized corridor of over 20 advanced Gold and Antimony prospects, including two already defined multi-million ounce resources, and several drill ready Antimony prospects with massive outcropping stibnite vein systems observed at surface. The 85% owned project is located 150 km northwest of Anchorage, Alaska, USA, in the prolific Tintina Gold Belt, a province which hosts a >220 million ounce (Moz) documented gold endowment and some of the world's largest gold mines and discoveries including, Barrick's Donlin Creek Gold Project and Kinross Gold Corporation's Fort Knox Gold Mine. The belt also hosts significant Antimony deposits and was a historical North American Antimony producer.
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