The two companies have signed a memorandum of understanding that's intended to see Epiroc assisting with the technical and commercial design of the mine.
Snow Lake's CEO and chairman Philip Gross said the move is a significant step on the path to commercial production.
"Our partnership's purpose is to support the company's environmental activities while also increasing operational efficiency at all phases of the mine's development," Epiroc's North American integration manger Jason Smith said.
"We are excited to build on what we can offer with our Meglab competencies coupled with the Epiroc equipment technology and operational presence within the region," he added.
Snow Lake said that results from the Thompson Brothers Lithium dyke on the Snow Lake property returned a lithium intercept of 1.53% Li2O over 24.94 metres. And results from the Sherritt Gordon dyke returned narrow intercepts of 1.14% Li2O over 1.35 metres and 0.92 Li2O over 2.95 metres.
"The TBL dyke contains an S-K 1300 compliant resource estimate dated June 9, 2021 of an Indicated Resource of 9,082,600 tonnes of lithium bearing ore grading 1.00% Li2O, and an Inferred Resource of 1,967,900 tonnes of lithium bearing ore grading 0.98% Li2O," the company says.
Snow Lake hopes to build the resource into a 25-yeaer mine life.
The company's share price was down 6% day on day at C$2.91 (US$2.25) on June 23. It has a market capitalization of C$51.92 million.
