Nova Minerals Limited Stock Market Press Releases and Company Profile
Snow Lake Signs Major MOU to Fast Track Lithium Development
Snow Lake Signs Major MOU to Fast Track Lithium Development

Melbourne, Aug 2, 2019 AEST (ABN Newswire) - Minerals explorer and developer Nova Minerals Limited (googlechartASX:NVA) (googlechartQM3:FRA) is pleased to announce its majority owned Snow Lake Resources Ltd. has signed a major Memorandum of Understanding (MoU) with Tanco Mining Corporation of Canada Limited.

NVA Managing Director, Mr. Avi Kimelman said:

"After almost 12 months of discussions with all stakeholders we are delighted that Snow Lake resources Ltd and Tanco Mining Corporation of Canada Limited have reached an memorandum of understanding to work colloboratively to fast-track our development works at the Thompson Brothers Lithium Project. This MoU further outlines off take opportunity and a clear path to production over the near term."

"We are in an enviable position as we are fast tracking our district scale Estelle gold project exploration efforts with our Oxide Korbel deposit (one of fifteen known prospects) sharing geological similarities to that of Kinross' Fort Knox Gold and Victoria Gold's Dublin Gulch Eagles Gold Mine systems as we look to advance our deposit to a maiden Inferred JORC Resource in the near term."

"Furthermore, we look forward to updating the market on our 30% owned (Newmont Goldcorp 70%) Officer Hill Gold Project current drill campaign."

To view Snow Lake Release, please visit:
http://abnnewswire.net/lnk/32J6B2F2


About Nova Minerals Limited

Nova Minerals LtdNova Minerals Limited's (ASX:NVA) (FRA:QM3) (OTCMKTS:NVAAF) vision is to develop North America's next major gold trend. The company is focused on exploration in Alaska's prolific Tintina Gold Belt, a province which hosts a 220 million ounce (Moz) documented gold endowment and some of the world's largest gold mines and discoveries including Victoria Gold's Eagle Mine and Kinross Gold Corporation's Fort Knox Gold Mine. The company's flagship Estelle Project has a current total estimated JORC gold resource of 9.6Moz (3Moz Indicated and 6.6Moz Inferred). Estelle is a 45km long string of 15 identified gold prospects bracketed by the Korbel deposit in the north and the RPM deposit in the south. These two deposits are currently host to extensive exploration programs.

Additionally, Nova has an indirect interest in the Canadian Thompson Brothers Lithium Project through a substantial stake in Snow Lake Resources Ltd (NASDAQ:LITM) and holds a 12.99% interest in Torian Resources Limited (ASX:TNR), a gold exploration company based in Western Australia.

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Contact

Nova Minerals Ltd
P: +61-3-9614-0600
F: +61-3-9614-0550
WWW: novaminerals.com.au



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