Snow Lake Lithium (NASDAQ: LITM) has released the first results of winter drilling at the northeast extension of its Thompson Brothers (TBL) spodumene pegmatite deposit located in northwest Manitoba. These results represent only the first three of the 40 total holes that Snow Lake has submitted for analysis.
The best intercept came from TBL-027, with an intersection of 1.49% Li2O (lithium oxide) over 34.5 metres starting from 233 metres depth. In addition, hole TBL-025 returned an intercept of 1.52% Li2O over 18 metres, starting from 21 metres.
The other holes completed to date demonstrate the “pinch and swell” character of the crystallization on the northeast extension of the TBL deposit, the company says.
“The first three holes, while only representing a fraction of our sample submissions to date, are incredibly significant in that they validate the identification of our outside targets that will be amenable to an open pit starter strategy,” Snow Lake CEO Philip Gross said in a release. “This will facilitate the development of a commercial mining operation with a substantially improved capex while we continue to extend our lithium resource.”
In the meantime, the company’s spring drilling program is ongoing.
The Thompson Brothers deposit contains multiple spodumene pegmatite dykes that typically appear in clusters. It has been drill tested over a 1-km strike length and to a vertical depth of 500 metres, with additional drilling required to define the deposit along strike to the northeast. The total land package is 220 sq. km.
The project hosts a resource (compliant with U.S. SEC standards) of 11.1 million indicated and inferred tonnes grading 1% Li2O.
The company aims to develop a sustainable lithium mine that can deliver a traceable, carbon-neutral and zero-harm product to the electric vehicle market.
In February, Snow Lake began the first phase of work on a prefeasibility study for the Thompson Brothers project.
Be the first to comment on "Snow Lake drills 1.49% LiO2 over 34.5 metres in Manitoba"