Snow Lake Resources, a US subsidiary of Nova Minerals (ASX: NVA), has received the first three results from a 40-hole drill program at the northeast extension of the Thompson Brothers spodumene-bearing pegmatite deposit in Canada.
The best intercepts were 1.49% lithium oxide over 34.5m and 1.52% lithium oxide over 18m near the surface.
Other holes completed to date demonstrate the “pinched and swollen” character of the crystallization on the northeast extension of the deposit.
The Thompson Brothers dyke appears to extend beyond 500m depth and further drilling will be required to continue defining the deposit along strike to the northeast.
Nova believes that the northeast extension of the deposit remains “very promising” for the location of a future open pit to begin mining the resource.
Nova general manager Christopher Gerteisen said he was pleased with Snow Lake’s progress.
“Snow Lake is making great strides in advancing the Thompson Brothers project with further results pending and all studies being conducted concurrently,” he said.
“It is evident that the scale of the project is increasing significantly, and we anticipate considerable growth as milestones continue to be achieved.”
Snow Lake commissioned an exploratory study to assess a proposed lithium hydroxide plant in southern Manitoba, 700 kilometers from the Thompson Brothers mine.
The study is a significant milestone in creating North America’s first all-renewable, all-electric, integrated lithium processing operation and represents a significant step forward in Snow Lake’s ambitions to provide a national supply of lithium hydroxide.
It will identify the technologies, innovations, skills and potential partners needed to deliver a world-class lithium hydroxide plant in the province of Manitoba.
Snow Lake CEO Philip Gross said the study would accelerate the company toward commercial lithium production from Thompson Brothers and the proposed plant.
“Lithium hydroxide is the foundation of electric vehicle battery technology and North America [currently] has no production to build on for substantial industry commitments to electrification,” he said.
“We are committed to being part of the solution while ensuring the highest standards of carbon-neutral, fully renewable lithium.”
The scoping study should be finalized early next year in parallel with the continuation of the technical evaluation and drilling programs at the Thompson Brother site.
Nova expects the mine to move into commercial production in late 2024.
Nova today announced the appointment of experienced mining executive Rodrigo Pasqua to its Board of Directors to provide technical and corporate advice as it progresses the development of its flagship Estelle gold project in Alaska.
Mr. Pasqua has worked in corporate offices and mine sites around the world, including a tenure with Evolution Mining (ASX: EVN) as Group Head of Mining and Processing.
His skills encompass most aspects of underground and surface engineering from mining studies, financial evaluations and project execution to the implementation of systems and new technologies, operations management and supervision of technical teams.
Mr. Pasqua’s career has seen him work on projects in Australia, Africa, Europe and North and South America.
He is a member of the Australian Institute of Management and holds a degree in mining engineering from the University of São Paulo.
“Rodrigo’s work in unlocking the value of mining projects around the world – including specific expertise in large tonnage bulk mining operations – has already proven invaluable as we progress through our graduate studies, and we are extremely pleased that he has agreed to join Nova’s Board of Directors at this exciting time in our development,” Mr. Gerteisen said.
“We look forward to having him on our experienced mining team as we continue our journey to production, with our ultimate goal of becoming the world’s next Tier 1 gold producer.”