WINNIPEG, MB / ACCESSWIRE / December 6, 2021 / Snow Lake Resources Ltd. (NASDAQ: LITM) (“Snow Lake” or the “Company”), is pleased to announce the results of its August 2021 prospecting and mapping program on its Manitoba properties near the town of Snow Lake, Manitoba ( Map 1.0). Dale Schultz, Vice President of Resource Development, and Brian Youngs, Vice President of Exploration, chaired the program whose primary goal was to identify additional lithium-containing targets for resource expansion during of the next drilling campaigns.
An additional objective was to confirm the locations of the Sherritt Gordon and Grass Rivers dykes previously identified and to monitor potential extensions of the Thompson Brothers lithium pegmatite (TBL). Table 1.0 (below) shows the values of% by weight of Li2O returned by the SRC laboratory on samples obtained in the field. Excellent values between 1.20 and 1.60 wt% Li2O were obtained from a dyke (BY Pegmatite) located north and east of the main TBL resource block (Photo 1.0 – Crown Pillar; Photo 2.0 – BY Pegmatite). This will represent a new target zone outside of the crystallization zones already known and established in the resource.
Other targets of interest are the Grass River and the Sherritt Gordon Dikes located south and west of TBL across the Crowduck Channel. A sample of the Grass River dyke gave a value of 1.27 wt% Li2O. Of additional interest are two samples of spodumene crystals that were taken from the outcrops. These crystals returned values of 6.86 and 6.97% by weight of Li2O, respectively. This suggests that the Grass River dike should be able to produce concentrates at the 6.0% level or higher. The Sherritt Gordon dyke also returned very high values of between 2.73 and 3.42 wt% Li2O. The Grass River and Sheritt Gordon dikes both contain significantly coarser-grained spodumene than TBL with crystals measuring over 40cm long and 5-8cm wide (photos 3.0 and 4.0 below).
All samples were sent to SRC Geoanalytical Laboratories, Saskatoon, Saskatchewan, Canada. SRC uses standard industry procedures. Each sample was ground better than 70% – 2 mm and a 1 kg fraction was pulverized better than 85% passing 75 m. All samples were analyzed using procedure code SRC ICP1 using a four acid digestion producing both full and partial digestion ICP analysis. Lithium results were reported in ppm elemental lithium and converted to Li2O using a conversion factor of 2.153.
Dale Schultz, Vice President of Resource Development, commented, “Lithium was first identified on the Snow Lake Lithium claims in the 1930s and 1940s, with subsequent drill programs over the decades confirming the nature rich in lithium-containing pegmatites on our property. The challenge now is to continue to organically expand our identified resource using all the tools at our disposal. Our summer prospecting program has been extremely successful, and the previously announced upcoming drone survey will deploy the latest cutting-edge technology to provide us with real-time, in-depth, and layered data to further improve our understanding of geology. Our exploration program provides us with the geological intelligence to perform what promises to be a very exciting winter drilling program which we believe will bring substantial improvements to our understanding of the resources. ”
Philip Gross CEO Snow Lake Lithium added: “The results of this exploration expedition are incredibly encouraging and confirm our belief that Snow Lake Lithium sits on one of the most promising resources in North America for the lithium supply. Our recent laboratory analysis results also suggest that our rock is suitable for producing a quality raw material for the battery industry. As the North American market pivots towards full electrification of its fleet, there is currently a systemic lithium supply deficit for this critical demand. Snow Lake is perfectly positioned with geographic proximity, a viable resource and access to infrastructure to play a key role in what promises to be the most important development in the industrialized world of this century. ”
Table 1.0 – Li2O wt% table for Snow Lake Lithium August 2021 prospecting and mapping program.
Map 1.0 – Location of samples from Table 1.0 in% by weight Li2O
Photo 1.0 – CEO Phillip Gross standing on the crown pillar of the TBL Resource.
Photo 2.0 – Spodumene at BY Pegmatite
Photo 3.0 – Forty long spodumene crystals of SG Pegmatite
Photo 4.0 – Spodumene crystal of the GR Pegmatite
Qualified person – The technical information contained in this press release has been reviewed and approved by Dale Schultz, P.Geo. (Manitoba), Snow Lake Qualified Person, as identified by Regulation SK 1300 of 2018 under the Securities Act of 1933.
About Snow Lake Resources Ltd.
Snow Lake Lithium is committed to operating a fully renewable and sustainable lithium mine that can provide a fully traceable, carbon neutral and safe product for the electric vehicle and battery markets. We not only aspire to set the standard for responsible lithium battery mining, but also intend to be the first lithium producer in the world to achieve Certified B Corporation status in the process.
Our wholly owned Thompson Brothers Lithium project covers a 21,703 acre site that has only been explored at 3% and contains 11.1 million metric tonnes of indicated and inferred resources at 1% Li2O.
This press release contains “forward-looking statements” which are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate”, “believe”, “contemplate”, “might”, “estimate”, “expect”, “have l ‘intention’, “seek,” “may”, “could”, “plan”, “potential”, “predict”, “plan”, “target”, “aim”, “should”, “will”, “should “, or the negative of such words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the current expectations of Snow Lake Resources Ltd. and are subject to uncertainties, risks and inherent assumptions that are difficult to predict and include statements regarding the intended use of the proceeds and expected closing In addition, certain forward-looking statements are based on assumptions about future events which may not prove to be correct. These risks and uncertainties as well as others are described in more detail in the section entitled “Risk Factors” of the final prospectus relating to our public offering filed with the Securities and Exchange Commission. The forward-looking statements contained in this announcement are made as of this date, and Snow Lake Resources Ltd. assumes no obligation to update this information, except as required by applicable law.
THE SOURCE: Lithium Snow Lake
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