VANCOUVER, BC, Sept. 1,
2021 /CNW/ - Rock Tech Lithium Inc. (the
"Company" or "Rock Tech") (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB)
(WKN: A1XF0V) is pleased to announce that is has engaged Niigaani
Drilling to complete a drill program at the Company's Georgia Lake
lithium project in Ontario. The
objective of the program is to confirm the delineated mineral
resource, forming the basis for a Pre-Feasibility Study
The program is targeting a total of 7,800 metres over five (5)
deposits: Main Zone North, Main Zone South West, Conway, Harricana and Line 60. As disclosed in
a Preliminary Economic Assessment ("PEA") with an effective date of
March 15, 2021, the Georgia Lake
property hosts mineral resources as follows:
Bob MacDonald, General Manager
of the Georgia Lake Lithium Project: "We are pleased with the
progress at the Georgia Lake Project in the first half of 2021 and
have commenced a Pre-Feasibility Study which is expected to be
concluded in Q1 2022. We have engaged Niigaani Drilling to complete
our 2021 drill programme with the focus on upgrading our confidence
in the 5 main pegmatite dykes hosting spodumene in our northern
land package. We are continuing to take all the necessary steps to
advance the Georgia Lake Project."
Dirk Harbecke, Rock Tech
CEO: "We are excited about the progress we are making and are
pleased to have Niigaani Drilling on this project. We are on time
to achieve our goal to deliver our first battery-grade lithium
hydroxide in 2024 and be part of the electric revolution that will
transform the mobility sector in the coming decade."
Furthermore, the Company announces that it has granted 475,000
stock options to directors and employees of the Company. The stock
options have an exercise price of $5.05 and will expire on September 1, 2023.
The scientific and technical disclosure included in this news
release has been reviewed and approved by Robert MacDonald, P.Eng., General Manager of the
Georgia Lake Lithium Project, a Qualified Person under National
Instrument 43-101 Standards of Disclosure of Mineral Projects ("NI
On behalf of the Board of Directors,
Chairman and Chief Executive Officer
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.
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SOURCE Rock Tech Lithium Inc.