Rock Tech’s Water Samples Confirm Excellent Water Quality, Meeting Provincial Water Quality Objectives
June 10 2019 - 8:30AM
Rock Tech Lithium Inc. (the "Company" or “Rock
Tech”) (TSX-V: RCK; Frankfurt: RJIB) announces that it has
collected and analyzed springtime high water samples from its
100%-owned Georgia Lake lithium project in Ontario, Canada.
Environmental Applications Group (“EAG”), collected a springtime
high water sample to supplement the regional baseline water quality
sampling that was completed by Rock Tech in 2010-2011. The water
sampling program helps characterize seasonal and spatial
variability in surface water quality and provide supporting
information for the permitting process.
“Mining projects in Northern Ontario require a discharge point
for effluent, and this can be a long-lead permitting task that we
are fortunate to have started many years ago,” said Dirk Harbecke,
Rock Tech’s chairman. “Our environmental consultants at EAG have
reviewed all available information and have selected a potential
effluent receiver. Water samples collected from this location have
confirmed excellent water quality that meets Provincial Water
Quality Objectives.”
EAG considered several factors when deciding on an appropriate
effluent receiver, including a large watershed area, water with
concentrations of regulated parameters that are below Provincial
Water Quality Objectives (“PWQO”) to allow effluent to dilute
without the resulting concentration of any regulated parameter
increasing above PWQO, and an area with turbulent mixing in a river
rather than discharge to a lake to minimize the risk of inefficient
mixing and a chemocline becoming established. The effluent receiver
was also considered, as it is in an area without species at risk,
trout habitat, remote tourism, parks and conservation reserves,
provincially significant wetland or a source for a drinking water
treatment plant. This area was also considered to avoid creating
new corridors for a pipeline and any cumulative impacts from other
dischargers such as mines, pulp and paper mills, or municipal
wastewater discharges.
The water samples were submitted to and analyzed by ALS
Environmental in Thunder Bay, Ontario.
All scientific and technical information in this news release
concerning the Georgia Lake lithium property was reviewed and
approved by Karl-Stephan Peters, EurGeol 787, a qualified person
(QP) as defined under National Instrument 43-101.
About the Georgia Lake Lithium Project
The Georgia Lake project is a lithium-rich pegmatite vein
deposit with measured and indicated resources of 6.57 million
tonnes grading 1.01% Li2O in addition to inferred resources of 6.72
million tonnes grading 1.16% Li2O. The first PEA for the project,
focused exclusively on the main resource area hosting less than 80%
of total defined resources, was published in October 2018.
Highlights from the PEA included an NPV of $312 million and an IRR
of 62.2%.
On behalf of the Board of Directors,
"Martin Stephan" Martin Stephan Director, Chief
Executive Officer
For further information, please
contact:
Brad Barnett Chief Financial Officer Rock Tech Lithium Inc. 777
Hornby Street, Suite 600 Vancouver, B.C., V6Z 1S4 Telephone: (778)
358-5200 Facsimile: (604) 670-0033 Email:
bbarnett@rocktechlithium.com
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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5e6eeb12-875e-4354-9d3a-5ffb8d17248a
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