Rock Tech Receives Results of Initial Leach Test from Georgia Lake Lithium Project
June 25 2019 - 7:30AM
Rock Tech Lithium Inc. (the "Company" or “Rock
Tech”) (TSX-V: RCK; Frankfurt: RJIB) is pleased to announce the
results from an initial leach test of ore from the Company’s
100%-owned Georgia Lake lithium project in Ontario, Canada.
The results of analyses on samples from the Georgia Lake lithium
project show that disulphide could not be found within the rock
samples, the detection limit being 0.01% of the total mass. The
results of the laboratory analyses support the review of geological
materials which did not result in any apparent indication of
sulphidic minerals potentially producing acid when being oxidized
and the rock analyses performed to date did not include
sulphur.
In summary, the laboratory results and the geological
characterization confirmed that the materials are essentially free
of sulphidic materials and do not indicate any Acid Rock Drainage
(“ARD”) risk.
“Of particular attention in mining projects are potential
impacts on surface waters and groundwater from ore, waste rock and
tailings during and after the life of a mine,” said Dirk Harbecke,
Rock Tech’s chairman. “While additional testing will be conducted
in the future, we can reasonably conclude from these initial tests
that waste rock materials and ore handled at Georgia Lake will not
release leachates which could harm the chemical quality of
receiving waters.”
The test results suggest that all mine waste and tailings can be
classified as inert waste. Accordingly, the Company does not
anticipate any adverse environmental impacts from placing waste
rock on designated outside dumps or as backfill into open pits. The
Company is contemplating the co-disposal of tailings and waste rock
underground or as backfill, thus reducing the project footprint by
eliminating the need for a separate tailings facility.
The Company cautions that while the results have not indicated
any potential for ARD, the results do not provide conclusive
evidence that there is no ARD risk and additional testing needs to
be performed on representative samples of waste rock, ore and
tailings.
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 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/836525b5-002f-4fc3-b681-861788de4511
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