Rock Tech Engages KBM Resources Group for LiDAR Survey at Georgia Lake
June 17 2019 - 8:15AM
Rock Tech Lithium Inc. (the "Company" or “Rock
Tech”) (TSX-V: RCK; Frankfurt: RJIB) is pleased to announce that it
has engaged KBM Resources Group (“KBM”) to complete a LiDAR and
high-resolution imagery survey at its 100%-owned Georgia Lake
lithium project in Ontario, Canada.
The aerial acquisition of LiDAR and digital photography will
cover the Nama Creek main zone and adjacent areas of the Georgia
Lake lithium project. The LiDAR survey, with a relatively high
resolution of 10 laser points per square metre and an absolute
accuracy of 10 cm vertical and 20 cm horizontal, will produce LAS
files with classified ground points including a bare earth model
and georeferenced orthoimagery.
“The ideal time to fly this survey is after the snow melt and
before leaf-out,” commented Martin Stephan, Rock Tech’s Chief
Executive Officer. “These conditions, combined with a favourable
regional weather forecast, shall make for a successful LiDAR
survey.”
“Obtaining the LiDAR and digital photography data is an
important next step for the development of the Georgia Lake lithium
project,” said Dirk Harbecke, Rock Tech’s chairman. “This
high-resolution imagery will be used to finalize our project
footprint including the optimization of access roads and
infrastructure planning, including the locations of surface and
processing facilities and tailings ponds.”
All aerial survey and analysis work on this project will be
completed by qualified KBM personnel. Acquisition will be done with
KBM-owned equipment including aircraft. Processing and quality
control will be completed at KBM’s Thunder Bay location that is
equipped with state-of-the-art hardware and software.
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/373e04bf-9f72-4b7d-8516-9d8e2650858b
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