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Snow Lake Energy Initiates Phase 2 Drill Program at Engo Valley
Winnipeg, Manitoba--(Newsfile Corp. - February 26, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) ("Snow Lake"), a uranium exploration
About this update from Frontier Nuclear And Minerals Inc.
[{"type":"text","content":" Winnipeg, Manitoba--(Newsfile Corp. - February 26, 2025) - Snow Lake Resources Ltd., d/b/a Snow Lake Energy (NASDAQ: LITM) (\"Snow Lake\"), a uranium exploration and development company, announces the initiation of the Phase 2 drill program at the Engo Valley Uranium Project (\"Engo Valley\") in Namibia. Highlights Phase 2 drill program is planned to consist of up to 7,500 meters of a combination of reverse circulation and diamond drilling, and is designed to provide a drill database sufficient to calculate a maiden mineral resource estimate in accordance with SK-1300 Focus of the Phase 2 drill program will be on the Main Uranium Occurrence (\"MUO\") and the D1 (\"D1\") target, where historical uranium mineralization was confirmed by the Phase 1 drill program completed by Snow Lake in late 2024 Additional reverse circulation and diamond drilling will also be undertaken on a number of highly prospective targets in the north and south parts of the project area, previously identified by the radon cup survey in 2024 As global energy policies continue to gravitate towards nuclear energy, attention continues to focus on the coming supply deficit in global uranium production CEO Remarks: \"We are pleased to have initiated an expansive Phase 2 drill program at Engo Valley,\" said Frank Wheatley, CEO of Snow Lake. \"We have high expectations for this program to provide us with the data set necessary to calculate a maiden mineral resource estimate during the second half of 2025. Given the global focus on nuclear energy, and in particular the new United States administration's policies regarding advanced nuclear technology, global demand for uranium will continue to increase in the coming decade, and we anticipate to be able to demonstrate that Engo Valley has the potential to contribute to meeting that demand.\" Phase 2 Drill Program The Phase 2 drill program (\"Phase 2\") is currently planned to consist of an aggregate of up to 7,500 meters of a combination of reverse circulation and diamond drill holes in a 200 meter by 100 meter in-fill grid pattern sufficient to allow the calculation of a maiden mineral resource estimate. Phase 2 will be focused on the MUO and D1. A number of drill holes will also be undertaken on some of the targets identified by the radon survey outside of the MOU and D1. Downhole radiometrics will be conducted on ...