VANCOUVER, Jan. 31, 2018 /CNW/ - Rock Tech Lithium
Inc. (the "Company" or "Rock Tech") (TSX-V: RCK; Frankfurt:
RJIB) is pleased to announce additional 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. In its entirety, the Georgia Lake
lithium property hosts an indicated resource of 3.19 million tonnes
grading 1.10% Li2O and an inferred resource of 6.31 million tonnes
grading 1.00% Li2O.
The samples were collected from six (6) trenches completed on
mapped pegmatites located to the east of the Nama Creek main
resource zone. This area appears to have multiple orientations,
including at least one pegmatite dyke trending in a north-south
direction sampled in channels NC-CH-17-02 and NC-CH-17-03. Further
work will be required before concluding whether these results
correspond to a splay and local, minor direction change or a
separate, cross-cutting lithium-bearing pegmatite dyke.
Martin Stephan, Chief Executive
Officer of Rock Tech, commented, "The channels to the east of the
main resource zone returned the best grades and widths of the
program, with one sample assaying 2.80% lithium oxide. These
results are particularly interesting as the main resource zone is
interpreted to taper off at its eastern extent. However, given the
results from these channels, it is possible that the narrowing of
the main resource zone is a local phenomenon and not the
termination of the resource body as previously thought."
The map below shows the locations of the trenching samples and
their proximity to the main resource zone:
The following table contains the channel sample assay
results:
|
Channel
|
Grade (%
Li2O)
|
Length (m)
|
From (m)
|
To (m)
|
|
CH-17-01
|
0.87
|
1.40
|
1.00
|
2.40
|
|
CH-17-02
|
1.06
|
4.00
|
0.70
|
4.70
|
|
CH-17-03
|
1.18
|
2.00
|
1.00
|
3.00
|
|
CH-17-15
|
1.01
|
3.20
|
1.50
|
4.70
|
|
CH-17-16
|
0.95
|
1.50
|
1.50
|
3.00
|
|
CH-17-17
|
1.56
|
2.50
|
0.50
|
3.00
|
|
including
|
2.80
|
0.50
|
2.50
|
3.00
|
On January 24, 2018, the Company
reported the channel sample assay results from channels CH-17-04
through CH-17-11. Those results are reproduced here for
reference:
|
Channel
|
Grade (%
Li2O)
|
Length (m)
|
From (m)
|
To (m)
|
|
CH-17-04
|
0.76
|
2.05
|
0.75
|
2.80
|
|
CH-17-05
|
0.71
|
0.82
|
1.10
|
1.92
|
|
CH-17-06
|
0.29
|
2.20
|
0.00
|
2.20
|
|
CH-17-07
|
0.95
|
2.00
|
0.80
|
2.80
|
|
CH-17-08
|
1.31
|
1.90
|
1.50
|
3.40
|
|
CH-17-09
|
1.38
|
2.50
|
0.70
|
3.20
|
|
CH-17-10
|
0.48
|
1.20
|
1.50
|
2.70
|
|
CH-17-11
|
1.09
|
1.00
|
0.70
|
1.70
|
Three of the 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 was 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.