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)
Armory Mining Announces Adoption of Semi-Annual Reporting

Armory Mining Announces Adoption of Semi-Annual Reporting

(TheNewswire) Vancouver, B.C. TheNewswire - April 24, 2026 Armory Mining Corp. (CSE: ARMY) (OTC: RMRYF) (FRA: 2JS) (the "Company" or "Armory") a resource exploration company focused on the discovery and development of minerals critical to the energy, security and defense sectors, is pleased to... Keep Reading...
Gold bar overlaid with stock numbers and text reading: "Weekly Editor's Picks."

Editor's Picks: Gold/Oil Warning Sign Flashing, Plus Agnico's Three-Deal Move

It was a week of downward momentum for the gold price, which fell from above US$4,800 per ounce early in the period to less than US$4,700.Silver also trended lower, pulling back after last week's higher levels.Both precious metals continue to react to news about the Iran war, with the extension... Keep Reading...
Gold bars over a background of yellow and orange financial charts.

Gold Repatriation: A Shift in Central Bank Strategy

The gold price has appreciated in value by 290 percent in the past decade on accelerated demand for safe-haven assets.Rising geopolitical conflicts and global economic disruptions are fueling demand for the precious metal. From retail and institutional investors to central banks, gold as a hedge... Keep Reading...
Tom Bradshaw, oil barrel and gold bars.

Tom Bradshaw: Gold to US$9,250, Silver to US$375 by 2028

Independent macro strategist Tom Bradshaw shares his price targets for gold and silver. He expects both precious metals to move much higher than they are currently, although he thinks a recession will drive them lower in the near term before that happens. Don’t forget to follow us @INN_Resource... Keep Reading...
Gold nuggets on black background.

Top 10 Gold-mining Companies

Regardless of how the gold price is doing, the top gold-mining companies are always making moves.Right now, gold is in the limelight — stimulated by increasing global inflation, geopolitical turmoil and economic uncertainty, the gold price is repeatedly setting new highs in 2026, reaching... Keep Reading...

Interactive Chart

Latest Press Releases

Related News