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)
Stacked gold bars with rising graph and text reads: "Weekly Editor’s Picks."

Editor's Picks: Gold, Silver Prices Jump on Treasury's Surprise Move, What's Next?

The gold price kept rising this week, breaking through the US$4,600 per ounce level. Silver was on the move as well, pushing past US$69 per ounce.A slew of drivers for both precious metals emerged during the period, but what's attracting the most attention is an announcement from the US... Keep Reading...
A wooden plank balances on a cylinder labeled "BALANCE" with balls marked "RISK" and "REWARD" against a yellow background.

What Mining's "Legendary" Investors Do Differently

At first glance, “legendary” resource investors don’t look that different from everyone else. They still miss trades, sit through drawdowns and argue about macro. What separates them is less about stock picking and more about how they think, structure their portfolios and behave when markets are... Keep Reading...
John Rubino, gold and silver bars.

John Rubino: Gold, Silver Bull Run Not Over, Expect "Dramatic" Prices

John Rubino, who writes a newsletter on Substack, shares his long-term outlook for gold and silver, saying that this year's price run and pullback are not the end of the bull market. "I think the numbers that we'll start seeing for gold and silver will be dramatic compared to today's numbers,"... Keep Reading...

Onyx Gold Intersects 1.7 g/t Au over 67.0 Meters, Including 13.2 g/t over 6.0 Meters and Visible Gold Grading 73.4 g/t Au at Argus Main

Drilling Continues to Define Higher-Grade Plunging Mineralization within the 1.4-km-long Argus Gold System Onyx Gold Corp. (TSXV: ONYX,OTC:ONXGF) (OTCQX: ONXGF) ("Onyx" or the "Company") is pleased to report assay results from an additional nine (9) drill holes from the Argus Gold System... Keep Reading...
Skull Ridge Gold Acquires 17,225-Hectare Strategic Land Position Along Emerging Crippleback–Stony Lake Gold-Copper Corridor

Skull Ridge Gold Acquires 17,225-Hectare Strategic Land Position Along Emerging Crippleback–Stony Lake Gold-Copper Corridor

Skull Ridge Gold Corp. (CSE: SKUL) (“Skull Ridge” or the “Company”) is pleased to announce that it has acquired, through an arm’s-length Newfoundland prospector 689 mineral claims covering approximately 17,225 hectares in Central Newfoundland. The claims were acquired through the reimbursement... Keep Reading...

Interactive Chart

Latest Press Releases

Related News