Nova Minerals Limited Snow Lake Receives Permitting for Drilling Campaign

Melbourne, Australia (ABN Newswire) - Nova Minerals Limited (ASX:NVA) (FRA:QM3) (OTCMKTS:NVAAF) is pleased to provide an update on its majority owned Snow Lake Resources (Snow Lake), Thompson Brothers Lithium Project.

Snow Lake Resources Ltd. (NASDAQ:LITM) has now received all the necessary permitting for the winter drilling campaign.

Snow Lake Lithium has contracted Big Ice Services, a Canada company from Creighton Saskatchewan (https://bigiceservices.ca/contact-big-ice/) to provide Snow Lake with the necessary winter drill access in order to mobilize the diamond drill to the property. Snow Lake will be constructing approximately 12 km (8 miles) of ice trails (see map 1*) to provide winter access to the site. Snow Lake will be collaborating with Kinross Gold (TSE:K) on costs related to the shared portion of the winter access trails.

Snow Lake has also contracted with QB Drilling from Denare Beach Saskatchewan (www.qbdrilling.com/) to provide drilling crews and drill rigs that will allow Snow Lake to drill between 5,000-15,000 meters of core, weather depending. Drilling will take place initially on the current TBL Resource block to further expand the deposit to depth and along strike. Additional drilling will take place on other pegmatite targets that have been identified via historical drilling and our recent successful prospecting expedition (ASX 7 December 2021). The drill crews will be working 24 hours per day and 7 days a week to achieve maximum meters over the course of the winter campaign.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/R2LCRTE7



About Nova Minerals Limited:

Nova Minerals Limited (ASX:NVA) (FRA:QM3) (OTCMKTS:NVAAF) is a dynamic explorer and developer of its flagship Estelle Gold district in the Tintina gold belt. Nova's strategy is to substantially increase the current 4.7Moz resource on the Korbel prospect. Subsequently to continue to lock in value through moving Korbel towards production whilst increasing the resource base across the pipeline of targets within the Estelle gold district. Nova Minerals also holds strategic investments in Snow Lake Resources Ltd (Thompson Brothers Lithium Project), Torian Resources Ltd (ASX:TNR) and RotorX Aircraft Manufacturing Co.



Source:
Nova Minerals Limited



Contact:
Nova Minerals Ltd
P: +61-3-9614-0600
F: +61-3-9614-0550
WWW: novaminerals.com.au

News Provided by ABN Newswire via QuoteMedia

The Conversation (0)
Gold bars with stock chart overlay, "Weekly Editor's Picks" text.

Editor's Picks: Is Gold and Silver's Price Correction Over?

It's been a wild couple of weeks for gold and silver. After surging to record highs at the end of January, prices for both precious metals saw significant corrections, creating turmoil for market participants.This week brought some relief, with gold bouncing back from its low point and even... Keep Reading...
Blackrock Silver to Present at the Precious Metals and Critical Minerals Virtual Investor Conference on February 10th 2026

Blackrock Silver to Present at the Precious Metals and Critical Minerals Virtual Investor Conference on February 10th 2026

Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) ("Blackrock" or the "Company") is pleased to announce that Andrew Pollard, President & Chief Executive Officer of the Company, will present live at the Precious Metals & Critical Minerals Virtual Investor Conference hosted... Keep Reading...
Wooden blocks showing a picture of gold bars and the year 2026.

Experts: Gold's Fundamentals Intact, Price Could Hit US$7,000 in 2026

Gold took center stage at this year's Vancouver Resource Investment Conference (VRIC), coming to the fore in a slew of discussions as the price surged past US$5,000 per ounce. Held from January 25 to 26, the conference brought together diverse experts, with a focus point being the "Gold... Keep Reading...
Person pointing at "IPO" text on a chart with fluctuating lines.

Barrick Advances North American Gold Spinoff After Record 2025 Results

Toronto-based company Barrick Mining (TSX:ABX,NYSE:B) said it will move ahead with plans to spin off its North American gold assets after a strong finish to 2025.The company's board has authorized preparations for an initial public offering (IPO) of a new entity that would house its premier... Keep Reading...
Peruvian Metals Secures 6 Year Agreement with Community at Mercedes Project

Peruvian Metals Secures 6 Year Agreement with Community at Mercedes Project

Peruvian Metals Corp. (TSXV: PER,OTC:DUVNF) (OTC Pink: DUVNF) ("Peruvian Metals or the "Company") is pleased to announce that the agreement between San Maurizo Mines Ltd. ("San Maurizo"), a private Manitoba company which holds a 100% direct interest in the Mercedes Property, and Comunidades... Keep Reading...
TomaGold Borehole EM Survey Confirms Berrigan Deep Zone

TomaGold Borehole EM Survey Confirms Berrigan Deep Zone

Survey also validates significant mineralization and unlocks new targets Highlights Direct correlation with mineralization : The modeled geophysical plates explain the presence of semi-massive to massive sulfides intersected in holes TOM-25-009 to TOM-25-015. Priority target BER-14C :... Keep Reading...

Interactive Chart

Latest Press Releases

Related News