VANCOUVER, Feb. 5, 2018 /CNW/ - Rock Tech Lithium
Inc. (the "Company" or "Rock Tech") (TSX-V: RCK; Frankfurt:
RJIB) is pleased to announce assay results from grab samples
collected during 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.
In January, the Company released assay results from seventeen
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.
Five (5) samples were collected in areas with thick overburden
in an effort to trace the pegmatite dykes along strike and identify
additional target areas for follow up. The following table contains
the grab sample assay results:
Sample
Type
|
Grade (%
Li2O)
|
Grab
|
0.31
|
Grab
|
0.76
|
Grab
|
1.31
|
Grab
|
1.42
|
Grab
|
2.28
|
Martin Stephan, Chief Executive
Officer of Rock Tech, commented, "Current exploration work aims to
increase resource tonnage significantly both by bringing unverified
resources into compliance with NI 43-101 and through new
discoveries. Recent trenching and channel sampling results will
guide drilling efforts over the next few months."
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 of Ontario 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.