Nova Minerals: Drilling To Commence At Thompson Bothers Lithium Project
West Perth, WA / January 22, 2018 / JMN Wire / The directors of Nova Minerals Limited (ASX: NVA) (Nova or Company) are pleased to announce the commencement of an extensive 5,000m exploration program at the Thompson Brothers Lithium Project. The Company has received a drill and work permit from the Office of Manitoba Sustainable Development and is mobilising a drill to the Thompson Brothers Lithium Project where drilling is imminent. This phase of drilling will target extensions to the known pegmatite, identification and preliminary definition of nearby sub-parallel pegmatites outcropping to the northwest, and infill drilling for resource definition. All the contemplated activities have already been permitted, budgeted and approved for commencement.
Drilling will follow up previous, highly encouraging drill results reported at the Thompson Brothers Lithium Project by Nova minerals, and is designed to confirm the continuity and consistency of high-grade mineralisation within the project area. Previous intersections include (ASX Announcement 5 September, 2017);
Nova CEO, Avi Kimelman commented: “We are pleased to commence this program which will allow us to prove up an initial resource in the NI 43-101 category and understand any potential for immediate extension of the mineralisation as well as identifying the potential of apparent sub parallel pegmatite bodies in the local area for resource expansion. The program is in line with our fast track development strategy to unlocking the value in the project area.”
- Drilling contractor mobilising to site.
- All requisite approvals for drilling have now been secured.
- Preliminary 5,000m drill programme will target extensions to known pegmatite and resource definition.