Singapore markets closed
  • Straits Times Index

    3,230.55
    +21.37 (+0.67%)
     
  • Nikkei

    26,781.68
    +176.84 (+0.66%)
     
  • Hang Seng

    20,697.36
    +581.16 (+2.89%)
     
  • FTSE 100

    7,585.46
    +20.54 (+0.27%)
     
  • BTC-USD

    29,121.14
    +268.97 (+0.93%)
     
  • CMC Crypto 200

    625.79
    -3.71 (-0.59%)
     
  • S&P 500

    4,158.24
    +100.40 (+2.47%)
     
  • Dow

    33,212.96
    +575.77 (+1.76%)
     
  • Nasdaq

    12,131.13
    +390.48 (+3.33%)
     
  • Gold

    1,850.60
    +3.00 (+0.16%)
     
  • Crude Oil

    115.07
    +0.98 (+0.86%)
     
  • 10-Yr Bond

    2.7430
    -0.0130 (-0.47%)
     
  • FTSE Bursa Malaysia

    1,546.76
    +5.61 (+0.36%)
     
  • Jakarta Composite Index

    7,026.26
    +142.75 (+2.07%)
     
  • PSE Index

    6,726.14
    +80.62 (+1.21%)
     

Nova Minerals Limited (NVA.AX) Snow Lake Receives Permitting for Drilling Campaign

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
Nova Minerals Limited (ASX:NVA)
Nova Minerals Limited (ASX:NVA)

Nova Minerals Limited (NVA.AX) Snow Lake Receives Permitting for Drilling Campaign

Melbourne, Australia, Dec 14, 2021 - (ABN Newswire) - Nova Minerals Limited (ASX:NVA) (HAM: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. (NAS: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 (http://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 (TOR: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.

Contact:

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


Source:
Nova Minerals Limited

Copyright (C) 2021 ABN Newswire. All rights reserved.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting