Snow Lake Resources (LITM) Announces Operational Update

April 28, 2022 6:03 a.m. EDT


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Snow Lake Resources Ltd., d/b/a Snow Lake Lithium Ltd. (NASDAQ: LITM) is pleased to provide an operational update today on its Snow Lake project in northern Manitoba.

Operational Highlights:

  • Metallurgical bulk sampling begins. A two-ton bulk sample is taken for submission to the laboratory to advance the company’s metallurgical analysis. One tonne taken from the Company’s Thompson Brothers (TBL) resources and one tonne from the Company’s Sherritt Gordon and Grass River resources
  • SGS Canada (“SGS”) will process the samples and use DMS/Flotation targeting a 6% Li concentrate2O at his laboratory in Lakefield, Ontario
  • SGS Canada will subsequently conduct testing in collaboration with Primero to create battery-grade lithium hydroxide material to support Primero’s ongoing exploratory study (April 11, 2022 – https://ir.snowlakelithium.com/news-events/press-releases/detail/49/manitoba-celebrates-snow-lake-lithiums-study-to-establish)
  • Results from the winter drill program are imminent

The first target of the bulk sample drilling program will be the Grass River Dyke (December 6, 2021 –https://ir.snowlakelithium.com/news-events/press-releases/detail/32/snow-lake-resources-ltd-samples-up-to-6-97-wt-li2o-from). Snow Lake plans to drill a series of diamond drill holes on the Grass River levee with the goal of generating 1.0 metric tonnes of material to be sent to SGS in Lakefield for advanced metallurgical testing. Drilling for the Grass River bulk sample is currently underway.

While drilling the third hole at Grass River (GT-MT-003) during the Company’s winter drilling program, 46.0 meters of very coarse grained spodumene was intersected. Overall spodumene is estimated at 25%, with sections of half a meter up to 50%. The average grain size was about 5 cm, while the crystals are highly variable ranging from over 10 cm to as small as 1 cm. See Photos 1-3. Figure 1.0 shows the location where the bulk sample will be taken, and Table 1.0 displays UTM (Universal Transverse Mercator) location data with the azimuth and dip of the hole.

The Company’s work plan is also to collect a similar bulk sample from the Thompson Brothers dyke within the next few weeks. It is anticipated that 222 meters of drill core dyke material will be required for each sample.

Dale Schultz, Vice President of Resource Development, commented, “Snow Lake is intensely focused on accelerating its lithium mining project into commercial production and the expected success of the current drill program will hopefully provide us with the, data needed to update our resources in the third quarter of this year.We are very excited that the SG/Grass River pegmatite will provide us with enough resources to go into production as a starter pit. based on historical and recent data provided by our drilling and geophysical surveys is the next phase of metallurgical analysis required for the Snow Lake Definitive Feasibility Study and to advance the hydroxide scoping study which is currently underway for our identified site in southern Manitoba. Early results from this program are very encouraging and confirm our strategy.”

Philip Gross CEO added, “Our team on the ground, led by Dale Schultz, has done an incredible job this season advancing the trajectory of our potential lithium mining project under challenging circumstances. The completion of the first phase of resource expansion will be an important milestone. for Snow Lake and identifying a starter pit while simultaneously extending the life of mine will have a very positive impact on the overall economics of our lithium mining project at Snow Lake in a significant way. provide an integral component of the ecosystem necessary for the evolution to a post-carbon electric economy in North America.”


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