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 on a scale with red finance background, "Weekly Editor's Picks" text.

Editor's Picks: Oil Prices Break US$100, Why Are Gold and Silver Down?

It's been some time since we did a weekly update, so I want to take a step back and look at what's been happening with gold and silver since the start of the month.The gold price briefly broke US$5,400 per ounce as March began, responding to attacks on Iran from the US and Israel. Since then... Keep Reading...
Brian Leni, mine site.

Brian Leni: Gold, Copper Have Legs, Best Risk/Reward Setup Now

Brian Leni, founder of Junior Stock Review, explains where he sees opportunity in the resource space, saying that advanced developers represent the best risk/reward right now. He also pointed to signs that more generalists are entering the space. Don't forget to follow us @INN_Resource for... Keep Reading...

Peloton Clarifies Certain Assay Results.

(TheNewswire) March 13, 2026 TheNewswire - London, Ontario Peloton Minerals Corporation ("Peloton" or the "Company") (CSE Symbol: PMC; OTCQB Symbol: PMCCF) is issuing this clarification regarding certain assay results previously reported in its news release dated January 28, 2026. Following an... Keep Reading...
Gold bars stacked on colorful Australian banknotes.

Northern Star Shares Plunge After Gold Output Guidance Cut

Shares of Australia’s largest primary-listed gold producer fell sharply after the company warned it may miss its already reduced production target due to operational problems at a key processing facility. Northern Star Resources (ASX:NST,OTCPL:NESRF) said it now expects fiscal 2026 gold output... Keep Reading...
Peruvian Metals Upsizes Private Placement

Peruvian Metals Upsizes Private Placement

Peruvian Metals Corp. (TSXV: PER,OTC:DUVNF) ("Peruvian Metals" or the "Company") is pleased to announce that it has increased the size of its non-brokered private placement previously announced on March 12, 2026, due to increased shareholder and investor demand. The Company will now raise gross... Keep Reading...

Interactive Chart

Latest Press Releases

Related News