| Announcement Date: | 2022-06-01 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Nova Minerals Ltd. |
| Project name: | Snow Lake |
| Location: | Canada |
| Commodities: | Lithium |
| Highlight: | Drilling results incl. 17.97m @ 1.36% Li2O from 429.5m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Nova Minerals Limited (Nova or the Company) (ASX: NVA, OTC: NVAAF, FSE: QM3) advises 37% owned Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. (Nasdaq: LITM) (Snow Lake), confirmed today an update on the current drilling campaign at the Snow Lake Lithium project in Northern Manitoba. Snow Lake’s project now contains four identified dykes with high grade lithium intercepts above 1% Li2O with the TBL and GRP continuing to return positive results (see Table 1). In addition, the Snow Lake is happy to report intercepts on the SGP and BYP dykes (see Table 1). Both the SGP and BYP dykes were located and sampled during last fall’s prospecting campaign (Dec 06, 2021- Snow Lake Resources Ltd. Samples Up To 6.97 WT% Li2O from its Manitoba Project). Of note are the deep and wide intersections of TBL-035 (see Table 1) seen at 429.50 m at depth. This could indicate that this pegmatite system may continue much deeper on the project than initially anticipated. Future drilling will test the possible depth extensions of the TBL dyke. GRP/SGP Dykes Geology of the GRP and SGP dyke and host rocks -The GRP dykes crosscut plutonic intrusive rocks of Monzonite composition, exhibiting medium to coarse grained Plagioclase crystals within a fine to medium grained mafic groundmass. Albitic |
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