Snow Lake Provides an Exploration Update on the Engo Valley Uranium Project

Snow Lake Resources (NASDAQ: LITM) has provided an update on its Engo Valley Uranium Project in Namibia. The company has completed a radon cup survey and is preparing to start drilling. Key points include:

1. The project is located on the Skeleton Coast, about 600 km north of Swakopmund.

2. Historical exploration by Gencor in the 1970s identified four uranium anomalies.

3. Snow Lake’s 2024 exploration program includes analysis of historical data, topographical surveys, and a planned 1,000-meter drill program.4. The company is acquiring up to 85% interest in the project through Namibia Minerals and Investment Holdings.5. Snow Lake views the current uranium market conditions as favorable for exploration, citing increasing demand and supply constraints.Positive Completion of radon cup survey and preparation for drilling indicate progress in exploration Historical drilling results showed promising uranium concentrations (e.g., 21.6 m @ 800 ppm U3O8) Acquisition of up to 85% interest in the project demonstrates […]

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