Snow Lake Resources (NASDAQ: LITM) announces positive preliminary results from eight reverse circulation drill holes at the Engo Valley Uranium Project in Namibia. Key findings include a mineralized intersection of 355 ppm eU3O8 over a 12-meter interval in drill hole ERCH002, and 137 ppm eU3O8 over a 20-meter interval in ERCH007. Five of eight holes drilled returned intersections above 100 ppm eU3O8. The company also initiated a winter drill program at its Snow Lake Lithium Project, which has a projected pre-tax NPV of USD$1.7 billion. The drilling program aims to confirm historical mineralization in sandstones and conglomerates through twinning of historical drill holes.
Positive Five out of eight drill holes showed uranium intersections above 100 ppm eU3O8
Strong mineralization results with 355 ppm eU3O8 over 12m interval in ERCH002
Additional mineralization of 137 ppm eU3O8 over 20m interval in ERCH007 Snow Lake Lithium Project has projected pre-tax NPV of USD$1.7 […]
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