VANCOUVER, Jan. 24, 2018 /CNW/ - Rock Tech Lithium
Inc. (the "Company" or "Rock Tech") (TSX-V: RCK; Frankfurt:
RJIB) is pleased to announce the first batch of assay results from
the recent trenching and channel sampling program at its 100%-owned
Georgia Lake lithium property in the Thunder Bay Mining District of
Northwest Ontario,
Canada.
This program targeted areas located adjacent to the main
resource zone of the Georgia Lake property, an area that hosts an
NI 43-101 indicated resource of 2.47 million tonnes grading 1.11%
lithium oxide ("Li2O") and an inferred resource of 2.50 million
tonnes grading 0.98% Li2O.
The samples were collected from eleven (11) trenches completed
on and in the area around mapped pegmatites located adjacent to the
Nama Creek main resource zone. Trenching uncovered at least four
pegmatite dykes in the region. An additional lithium-bearing
pegmatite dyke, in an oblique (NW-SE trending) orientation, was
observed in this area and sampled in channels NC-CH-17-09 and
NC-CH-17-11.
"Samples from channels 9 and 11 show encouraging grades at 1.38%
lithium oxide and 1.09% lithium oxide, respectively," said
Martin Stephan, Chief Executive
Officer of Rock Tech. "This pegmatite dyke has a different
orientation than those found at the main resource zone and further
work will help determine whether this represents a splay and local,
minor direction change or whether this represents a new, separate
cross-cutting lithium-bearing pegmatite dyke."
Mr. Stephan continued, "The results from channels 4 through 8,
averaging up to 1.31% lithium oxide, show the continuation of
lithium mineralization near the main resource zone. Further
investigation will determine whether these results show the
presence of one or more new lithium-bearing pegmatite dykes or
whether they represent the continuation of portions of our resource
that were previously modelled as not extending up to the
surface."
The following table contains the channel sample assay
results:
|
|
|
|
|
|
Channel
|
Grade (%
Li2O)
|
Length (m)
|
From (m)
|
To (m)
|
|
NC-CH-17-04
|
0.76
|
2.05
|
0.75
|
2.80
|
|
NC-CH-17-05
|
0.71
|
0.82
|
1.10
|
1.92
|
|
NC-CH-17-06
|
0.29
|
2.20
|
0.00
|
2.20
|
|
NC-CH-17-07
|
0.95
|
2.00
|
0.80
|
2.80
|
|
NC-CH-17-08
|
1.31
|
1.90
|
1.50
|
3.40
|
|
NC-CH-17-09
|
1.38
|
2.50
|
0.70
|
3.20
|
|
NC-CH-17-10
|
0.48
|
1.20
|
1.50
|
2.70
|
|
NC-CH-17-11
|
1.09
|
1.00
|
0.70
|
1.70
|
Three of channels completed to the southwest, 12, 13 and 14, did
not return significant lithium oxide grades.
All samples were analyzed by Actlabs, an ISO 9001:2008 certified
analytical laboratory located in Geraldton, Ontario.
The field program will be carried out by Pleson Geoscience, an
exploration consulting company dedicated to providing its clients
with experienced personnel and efficient services. The company's
focus is on low-impact, high resolution data collection from
grass-roots prospecting to preliminary economic evaluations.
All scientific and technical information in this news release
concerning the Georgia Lake lithium property was reviewed and
prepared under the supervision of Locke B.
Goldsmith, P.Eng., P.Geo., an independent Qualified Person
to Rock Tech.
About Rock Tech Lithium:
Rock Tech Lithium is an exploration company focused on acquiring
and exploring properties in the field of lithium and other selected
battery metals.
Rock Tech is the only exploration company in the Georgia Lake
region with an NI 43-101 resource estimate. The resource estimate
shows an indicated resource estimate of 3.19 million tonnes grading
1.10% lithium oxide in addition to an inferred resource estimate of
6.31 million tonnes grading 1.00% lithium oxide. Further, the
Company has completed metallurgical testing on a bulk sample
demonstrating the ability to produce both a high-grade spodumene
concentrate and battery-grade lithium carbonate ("Li2CO3"). The
spodumene-bearing pegmatites of the Georgia Lake area were
originally discovered in 1955.
On behalf of the Board of Directors of the Company,
"Martin Stephan"
Martin Stephan
Director, 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.
SOURCE Rock Tech Lithium Inc.