Snow Lake Resources Ltd., through its subsidiaries, operates as a natural resource exploration company. The company engages in the exploration and development of mineral resources in Canada.
The company explores for lithium mineral resources through two subsidiaries: Snow Lake Exploration Ltd. (Snow Lake Exploration) and Snow Lake (Crowduck) Ltd. (Snow Lake Crowduck). Snow Lake Exploration is its operating company and Snow Lake Crowduck is its asset holding company.
The company’s primary focus...
Snow Lake Resources Ltd., through its subsidiaries, operates as a natural resource exploration company. The company engages in the exploration and development of mineral resources in Canada.
The company explores for lithium mineral resources through two subsidiaries: Snow Lake Exploration Ltd. (Snow Lake Exploration) and Snow Lake (Crowduck) Ltd. (Snow Lake Crowduck). Snow Lake Exploration is its operating company and Snow Lake Crowduck is its asset holding company.
The company’s primary focus is conducting exploration for lithium at its 100% owned Snow Lake Lithium property. The company expects to become the first supplier in North America of lithium mined exclusively with the benefit of power produced from fully sustainable, renewable, and local sources.
The Snow Lake Lithium Property
The company’s 100% owned Snow Lake Lithium property covers a 24,515 hectares (60,577-acre) site that has only been 1% explored and contains an identified-to-date 8.2 million metric tonnes measured, measured, indicated and inferred resource at between 0.99% and 1.13% Li2O. The Snow Lake Lithium property is strategically located in Manitoba, ideally situated to economically deliver mined and processed lithium products to the EV battery industry serving North America’s ‘Auto Alley’. Preliminary exploration of the company’s Snow Lake Lithium property indicates a substantial S-K 1300 compliant measured, indicated and inferred resource of lithium ore, and it has only explored 1% of the Snow Lake Lithium property.
The company’s primary asset is the Snow Lake Lithium property, which consists of 38 contiguous mining claims located 20 km from Snow Lake, Manitoba. To capitalize on the fast-growing lithium market, the company’s main focus is to monetize the resources and reserves held in the Snow Lake Lithium property.
The Snow Lake Lithium property is ideally located in the Province of Manitoba, Canada, where 97% of the electrical energy supply is from hydro- electric renewable sources. The region of Snow Lake, where the Snow Lake Lithium property is situated, is mining friendly, and the Hudson Bay Railway is 65 km to the south of the Snow Lake Lithium property.
The Snow Lake Lithium property comprises 122 contiguous mineral claims covering 22,114 hectares (approximately 55,587 acres) and is nearly four times the size of Manhattan. It straddles Crowduck Bay at the northeastern end of Lake Wekusko. The property is centered on UTM coordinates 455,000 E 6,080,000 N (NAD83, Zone 14) and lies within the National Topographic System map sheet 63JSE13.
Snow Lake is located some 684 km north of Winnipeg, a 7-hour (700 km) drive on well maintained, paved roadways.
The Snow Lake Lithium property is located in the Churchill geological province at the eastern end of the Flin Flon Belt. The Flin Flon Belt (1.92-1.88 Ga) is one of the largest Proterozoic volcanic-hosted massive sulphide districts in the world.
The Snow Lake Lithium property is bisected by the regional Crowduck Bay Fault.
There are two main clusters of spodumene-bearing pegmatite dykes on the property known as the Thompson Brothers and Grass River lithium pegmatites. These dyke clusters occur on either side of the Crowduck Bay Fault. The dykes are all tabular in form, but each cluster has a distinct orientation. Additional north-northeast trending pegmatite dykes have been mapped along the Crowduck Bay Fault corridor towards the north.
2022 Exploration Activities for Snow Lake Lithium Property
The company has concluded an exploration and resource development drilling program that included resource definition drilling of the TB-1 pegmatite as well as exploration drilling of the SG pegmatite cluster targets.
TBL Pegmatite Dyke
During the 2022 winter, spring and summer months, the TBL pegmatite dyke was drilled to further define and extend the resource previously announced. An additional 30 drill holes were completed on the TBL dyke along with a further 8 holes on a northeast extension to the TBL dyke denoted as the BYP drill holes. A total of 7,688 m of drilling on the TBL dyke and 1,136 m of drilling on the BYP extension was completed. Geological logging and sampling of the Spodumene-bearing pegmatite intersections showed strong continuation of the mineralization, both along strike and at depth.
SGP Pegmatite and Related Dykes
The aforementioned SGP, called Grass River, pegmatite dykes to the southwest of the TBL dyke were the target of further exploration and drilling during the last year. Ground exploration and drilling further defined the SGP dykes and defined two additional sets of related dykes, denoted Crowduck Bay Pegmatite’ (CBP) and Grass River Pegmatite (GRP). These dyke sets pinch and swell as they intrude the host country rock and are mineralogically similar to the TBL dyke. Spodumene crystals in these dykes are noted to be coarser grained than their counterparts in the TBL dyke. Preliminary survey data indicates an overall southeast strike and southwest azimuth dip to the dykes.
On January 29, 2023, the company announced that it was moving forward on a PEA which focuses on outlining a pathway to accelerating revenues from the company’s flagship projects, such as the Thomson Brothers and Grass River lithium projects.
On January 6, 2023, the company announced that it has acquired additional land claims in the mining district of Snow Lake, Manitoba. The company staked a total of nine claims covering an area of 1,728 hectares near Dion Creek, Lost Frog Lake, and the Grass River East. These claims are located in areas known for their pegmatite occurrences as mapped by the Ministry of Northern Development and Mines. With the acquisition of additional land claims in and around Snow Lake Lithium’s resource block, the company’s total land position stands at 24,515 hectares (60,577-acres), an increase of approximately 8% as compared to the prior land position.
Development Activities
The company conducts a Lidar survey, and it would be utilized to map road construction to the Grass River outcrop and drilling region.
In spring of 2023, the company conducted a large helicopter borne magnetometer survey to analyze the geophysical trace of the non-magnetic pegmatite dykes. It received the results of this extensive survey over the company’s newest claim area to the east of the original claim block.
An updated mineral resource estimate is expected by the end of 2024 once drilling is completed in winter 2023/24 and all of the assays have been received and detailed surveys of the drill collars has been completed.
Marketing and Advertising
The company intends to sell the lithium concentrate that it expects to produce to lithium refiners under long term offtake agreements. The company is situated in the province of Manitoba that generates 97% of its energy from Hydroelectric, and 3% from wind.
Customers
Major lithium refiners would be the primary customers. The company proves its lithium resources and proceed to build and operate a functioning lithium ore mining and processing facility, it would be well positioned to be a supplier of choice to these lithium refiners, based on the competitive economics enabled by the company’s well situated geographical location, renewable energy sources, and mining friendly government regime.
History
Snow Lake Resources Ltd. was founded in 2018. The company was incorporated under the Canada Business Corporations Act in 2018
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