Nova Minerals Ltd (ASX:NVA, OTCQB:NVAAF) is confident of the prospectivity of its investment in Snow Lake Lithium Ltd, following receipt of results from an EarthEx drone magnetic survey conducted last year.
Snow Lake reported that the first batch of data received from its drone magnetic survey has identified several highly prospective targets in the company's Sherritt Gordon (SG) pegmatite dykes, which are outside of the core Thompson Brothers Lithium Project resource expansion site.
Initial images from the drone magnetic survey on the Snow Lake Lithium SG – Grass River (GR) target area show a noticeable correlation between magnetic lows in the data and the known pegmatite dykes that were sampled during last autumn’s campaign.
Drone magnetic survey preliminary results
Drone technology precision
The drone system’s unique ability to fly low to the canopy, while maintaining precision to-the-centimetre real-time kinematic positioning navigation, results in exceptional levels of detail in the data.
In addition to the known pegmatites, the EarthEx survey revealed several other magnetically low lineaments with favourable structural orientations in the vicinity near the SG and GR dykes.
The survey will continue over the Thompson Brothers Lithium deposit area this week.
Drill on way
The company is mobilising a third drill to join the first two, and both the SR and GR dykes will be its primary targets.
Snow Lake CEO Philip Gross said: “These are very exciting times for Snow Lake as we continue to progress the project and accelerate towards mining and full commercial production.
“The Sherritt Gordon claims have a long history of lithium attached to them, dating back to the 1940s when they were originally drilled.
“The drone data we obtained can now identify previously unknown extensions that greatly multiply the potential of this property. With the third drill en route, we are excited to start drilling these anomalies as soon as possible and to begin to establish our operations.”
Daniel Card, president of EarthEx Geophysical Solutions Inc, which supplied the drone technology, said: “We are delighted to be working with Snow Lake Lithium on what is a very exciting and promising lithium project.
“We are thrilled with the effectiveness with which known pegmatites and new targets are being mapped in the data and we are proud to provide Snow Lake with such an effective exploration tool.”