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, the primary objective of which was to identify additional lithium bearing targets for resource expansion in the next drilling campaigns.
An additional objective was to confirm the locations of the previously identified Sherritt Gordon and Grass Rivers dykes and to track potential extensions of the Thompson Brothers (TBL) lithium pegmatite. Table 1.0 (below) highlights the wt% Li2O values returned by the SRC lab 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 area outside of the crystallization areas already known and established in the resource.
Other targets of interest are the Grass River and the Sherritt Gordon Dykes located south and west of TBL across the Crowduck Channel. A sample from the Grass River dyke returned 1.27 wt% Li2O. Two samples of spodumene crystals taken from the outcrops are even more interesting. These crystals returned values of 6.86 and 6.97 wt% Li2O, respectively. This suggests that the Grass River dyke should be able to produce concentrates at the 6.0% level or higher. The Sherritt Gordon dyke also returned very good figures between 2.73 and 3.42 wt% Li2O. The Grass River and Sheritt Gordon dykes contain much coarser grained spodumene than the TBL with crystals 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 industry standard procedures. Each sample was crushed to better than 70% – 2 mm and a fraction of 1 kg was pulverized to better than 85% passing 75 μm. All samples were analyzed using the SRC procedure code ICP1 using a four acid digestion producing both ICP analysis of total and partial digestions. 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 drilling programs over the decades confirming the richness. lithium-bearing pegmatites on our property. The challenge now is to continue to organically grow our identified resource using all the tools at our disposal. Our summer prospecting program has been extremely successful and the next previously announced drone survey will deploy the latest state-of-the-art technology to give us real-time, depth and layered data to further improve our understanding of the geology. Our exploration program is providing us with the geological information necessary to carry out 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 prospecting 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 has the potential to produce a quality feedstock for the battery industry. As the North American market pivots toward full fleet electrification, there is currently a systemic lithium supply shortfall 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 significant development in the industrialized world this century.”
Table 1.0 – Li2O wt% table for Snow Lake Lithium’s August 2021 prospecting and mapping program.
Map 1.0 – Location of samples from Table 1.0 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 – Spodumene crystal with a length of 40 cementers from Pegmatite SG
Photo 4.0 – Spodumene crystal from GR Pegmatite
Qualified person – The technical information contained in this press release has been reviewed and approved by Dale Schultz, P.Geo. (Manitoba), the 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 we aim to be the first lithium producer in the world to achieve Certified Company B status as part of the process.
Our wholly owned Thompson Brothers Lithium project covers a 21,703 acre site that is only 3% explored and contains indicated and inferred resources of 11.1 million metric tonnes at 1% Li2O.
This press release contains “forward-looking statements” that 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 in this press release can be identified by the use of words such as “anticipate”, “believe”, “intend”, “could”, “estimate”, “expect”, “have the ‘intent to’, ‘seek,’ ‘may’, ‘could’, ‘plan’, ‘potential’, ‘predict’, ‘project’, ‘target’, ‘aim’, ‘should’, ‘will’, ‘ would” or the negative of these 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, inherent risks and assumptions that are difficult to predict and include statements regarding the intended use of proceeds and expected closing. In addition, certain forward-looking statements are based on assumptions about future events that may not prove to be accurate. These risks and uncertainties, as well as others, are described more e n 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: Snow Lake Lithium
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