VANCOUVER, Sept. 17, 2018 /CNW/ - Rock Tech Lithium
Inc. (the "Company" or "Rock Tech") [TSX-V: RCK; Frankfurt: RJIB (WKN: A1XF0V)] is pleased to
announce geotechnical rock mass rating results. The geotechnical
investigations were carried out by DMT GmbH & Co. KG's ("DMT")
during a recent field visit and subsequent analyses were conducted
in Essen, Germany, as part of its
work on the first-ever Preliminary Economic Assessment ("PEA") at
Rock Tech's flagship Georgia Lake lithium property.
The geotechnical investigations and analyses, conducted in
accordance with the Q-system for rock mass classification, were
based on geotechnical logging of more than 1,000 metres of core
from the Georgia Lake lithium property. The core analyzed was
selected from different locations representing the main rock types
that host the main lithium-bearing pegmatites. DMT
qualitatively evaluated the characteristics of the joints in the
rock mass, including information from the compressive strength
tests and hydrogeological work previously announced. The Q-system
results for the meta-sediments and gneiss show that the overall
rock mass can be classified as "good rock."
"Rock strength and the existing disintegration of the rock mass
are essential factors when considering the stability of an
excavation," said Martin Stephan,
Rock Tech's Chief Executive Officer. "It is encouraging that the
laboratory tests on the rock strength at our Georgia Lake lithium
property have shown that the intact rock is "strong" to "very
strong.""
The ongoing preliminary economic assessment is based on the
updated and upgraded resource estimate announced on June 27, 2018. The updated and upgraded resource
estimate included the following:
- Measured: 1.89 million tonnes grading 1.04% lithium oxide
("Li2O");
- Indicated: 4.68 million tonnes grading 1.00% Li2O;
- Inferred: 6.72 million tonnes grading 1.16% Li2O.
All scientific and technical information in this news release
was reviewed and prepared under the supervision of Karl-Stephan Peters, EurGeol 787, an independent
Qualified Person to Rock Tech.
About DMT GmbH & Co. KG
DMT is a global consortium, providing interdisciplinary services
in the Mining, Oil & Gas, Civil Engineering &
Infrastructure and Plant Engineering markets with a client roster
that includes Anglo American, BHP
Billiton, OMV, E.ON, Schlumberger, De Beers and leading institutes
such as The World Bank and the Asian Development Bank. DMT occupies
30 offices worldwide and belongs to the German certification agency
TÜV NORD GROUP. To date, DMT has completed several thousand
projects in over 150 countries, working in over 25 countries in a
typical year.
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. The Georgia Lake Lithium project aims to develop a
lithium-rich pegmatite vein deposit for the purpose of mining. The
deposit was discovered in the Thunder Bay Mining district in
northwestern Ontario/Canada, close
to the Lake Superior, as early as
1955. Rock Tech Lithium has been working increasingly on the
property since 2016 – in a market environment, where the trend for
electric cars on the international market has been rising steeply
for years. Analysts expect that more than 25% of newly sold cars in
2025 will be electrified, with the demand for batteries and
therefore battery metals such as lithium expanding rapidly.
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.