Snow Lake Resources, subsidiary of Nova Minerals, identifies lithium targets at the Thompson Brothers project

Snow Lake chief executive Philip Gross said it’s “an exciting time” for the company as it moves forward with the Thompson Brothers lithium project.

Nova Minerals’ (ASX: NVA) US subsidiary, Snow Lake Resources, has identified several highly prospective targets from a drone magnetic survey of the Sherritt Gordon pegmatite dykes at the Thompson Brothers lithium project in Canada.

Initial images of the Grass River target area showed a correlation between magnetic lows from the drone work and known lithium pegmatite dykes that were sampled during a prospecting campaign during the previous exploration season. .

The ability of the drone system to fly low to the canopy and maintain centimeter-accuracy real-time kinematics (RTK) navigation would have resulted in pinpoint data detail, revealing features never before seen in the region.

In addition to the known pegmatites, the drone survey identified several other magnetically low lineaments with favorable structural orientations near Sherritt Gordon and Grass River.

The dykes will be the primary exploration targets for Ontario-based Forage BRL Drilling during Snow Lake’s winter campaign using a third diamond drill rig..

History of lithium

The Sherritt Gordon claims have a long history of lithium exploration dating back to the 1940s when they were originally drilled.

Snow Lake CEO Philip Gross said the company is entering an “exciting time” as the project moves towards mining and full commercial production.

“The drone data we have obtained can now identify previously unknown extensions that greatly multiply the potential of this property,” he said.

“We are excited to begin drilling these anomalies as soon as possible and begin establishing our operations.”

The drone survey is expected to continue over the Thompson Brothers area this week.

Price increase

Snow Lake listed on the Nasdaq in November in a bid to take advantage of rising global lithium prices.

Nova had kept the Thompson Brothers project ready for development in anticipation of higher prices and the electric car revolution.

The deposit remains open laterally and at depth, with an inaugural resource of 6.3 million tonnes grading 1.3% lithium oxide.

Gross said Snow Lake is committed to operating a fully renewable and sustainable lithium mine.

“We plan to scale the project to provide a fully traceable, carbon-neutral and safe product for the North American electric vehicle and battery market,” he said.

“Our geographical proximity to the growing industry in the region positions us as an integral supplier of sustainable raw materials.