Snow Lake Signs Major MOU to Fast Track Lithium Development
Melbourne, Aug 2, 2019 AEST (ABN Newswire) - Minerals explorer and developer Nova Minerals Limited (
ASX:NVA) (QM3:FRA) is pleased to announce its majority owned Snow Lake Resources Ltd. has signed a major Memorandum of Understanding (MoU) with Tanco Mining Corporation of Canada Limited.
NVA Managing Director, Mr. Avi Kimelman said:
"After almost 12 months of discussions with all stakeholders we are delighted that Snow Lake resources Ltd and Tanco Mining Corporation of Canada Limited have reached an memorandum of understanding to work colloboratively to fast-track our development works at the Thompson Brothers Lithium Project. This MoU further outlines off take opportunity and a clear path to production over the near term."
"We are in an enviable position as we are fast tracking our district scale Estelle gold project exploration efforts with our Oxide Korbel deposit (one of fifteen known prospects) sharing geological similarities to that of Kinross' Fort Knox Gold and Victoria Gold's Dublin Gulch Eagles Gold Mine systems as we look to advance our deposit to a maiden Inferred JORC Resource in the near term."
"Furthermore, we look forward to updating the market on our 30% owned (Newmont Goldcorp 70%) Officer Hill Gold Project current drill campaign."
To view Snow Lake Release, please visit:
http://abnnewswire.net/lnk/32J6B2F2
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.
| ||
|
