Rock Tech Engages TBT Engineering Limited for Surface Water Sampling
June 06 2019 - 8:30AM
Rock Tech Lithium Inc. (the "Company" or “Rock
Tech”) (TSX-V: RCK; Frankfurt: RJIB) is pleased to announce that it
has engaged TBT Engineering Limited (“TBTE”) to conduct surface
water sampling at its 100%-owned Georgia Lake lithium project in
Ontario, Canada.
TBTE, along with Rock Tech’s project management team led by
Pleson Geoscience, will mobilize this week to inspect suitable
locations for a hydrometric station and collect a manual flow
measurement. Additionally, the crew will establish eight (8)
surface water quality stations and begin monthly sampling.
“The hydrology data collected will support surface water Permit
to Take Water (“PTTW”) applications for our Georgia Lake lithium
project,” said Dirk Harbecke, Rock Tech’s chairman. “We are
fortunate to be working with a world-class organization such as
TBTE as we work diligently through the permitting process on our
way to production.”
All scientific and technical information in this news release
concerning the Georgia Lake lithium property was reviewed and
approved by Karl Stephan Peters, EurGeol 787, a qualified person
(QP) as defined under National Instrument 43-101.
About TBT Engineering Limited
Established in 1969, TBTE is Northwestern Ontario’s largest
independently owned multi-disciplinary engineering consulting firm.
TBTE is an employee-owned company that employs over 130 full-time
professional and technical staff, with 70 additional seasonal and
contract staff serving public and private clients across a diverse
range of industries and sectors. As a proven industry leader, TBTE
works in conjunction with all stakeholders to expertly investigate,
test, plan, design and manage projects across Northern Ontario.
About the Georgia Lake Lithium Project
The Georgia Lake project is a lithium-rich pegmatite vein
deposit with measured and indicated resources of 6.57 million
tonnes grading 1.01% Li2O in addition to inferred resources of 6.72
million tonnes grading 1.16% Li2O. The first PEA for the project,
focused exclusively on the main resource area hosting less than 80%
of total defined resources, was published in October 2018.
Highlights from the PEA included an NPV of $312 million and an IRR
of 62.2%.
On behalf of the Board of Directors,
"Martin Stephan" Martin Stephan Director, Chief
Executive Officer
For further information, please
contact:
Brad Barnett Chief Financial Officer Rock Tech Lithium Inc. 777
Hornby Street, Suite 600 Vancouver, B.C., V6Z 1S4 Telephone: (778)
358-5200 Facsimile: (604) 670-0033 Email:
bbarnett@rocktechlithium.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Statements included in this announcement,
including statements concerning our plans, intentions and
expectations, which are not historical in nature are intended to
be, and are hereby identified as, "forward‐looking
statements". Forward‐looking statements may be identified by
words including "anticipates", "believes", "intends", "estimates",
"expects" and similar expressions. The Company cautions
readers that forward‐looking statements, including without
limitation those relating to the Company's future operations and
business prospects, are subject to certain risks and uncertainties
that could cause actual results to differ materially from those
indicated in the forward‐looking statements.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/af39fa05-2bd2-4f4f-93d1-4e06cff66c0c.
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