VANCOUVER, March 1, 2017 /CNW/ - Rock Tech Lithium
Inc. (the "Company" or "Rock Tech") (TSX-V: RCK; Frankfurt:
RJIB) is pleased to announce the first batch of channel sample
assay results from its recently completed exploration program at
its 100%-owned Georgia Lake lithium property in the Thunder Bay
Mining District of Northwest
Ontario, Canada.
Rock Tech's CEO, Martin Stephan,
commented, "We are extremely pleased with the high-grade channel
sample assay results from the McVittie pegmatite. While the
McVittie pegmatite was drilled in the 1950's, this is the first
time Rock Tech has done exploration work here; accordingly, we have
barely scratched the surface with respect to its potential. Follow
up testing will be aimed at determining whether our efforts
uncovered a new lithium-bearing pegmatite or whether this is a
splay from the pegmatite drilled in the 1950's. These results
unambiguously support our optimism regarding the organic growth
potential the Georgia Lake lithium property represents."
The assay results reported herein are from channel samples taken
from the McVittie pegmatite. Ten (10) channels were cut and
forty-seven (47) samples taken. The purpose of the channels was to
gain information on the location of the pegmatite on surface and to
aid in drill targeting in the future. Assay results are summarized
in the following table:
|
|
|
|
|
Channel
|
Grade (%
Li2O)
|
Length (m)
|
From (m)
|
To (m)
|
McVittie-16-CH-1
|
1.27
|
3.89
|
0.00
|
3.89
|
McVittie-16-CH-1W
|
1.00
|
0.82
|
1.10
|
1.92
|
McVittie-16-CH-2
|
1.36
|
6.45
|
0.83
|
7.28
|
McVittie-16-CH-3
|
1.71
|
5.99
|
0.53
|
6.52
|
McVittie-16-CH-4
|
1.46
|
6.09
|
0.00
|
6.09
|
McVittie-16-CH-5E
|
1.64
|
1.10
|
0.00
|
1.10
|
McVittie-16-CH-5
|
1.62
|
4.73
|
1.03
|
5.76
|
The McVittie pegmatite, located south of the Nama Creek
pegmatite, was the focus of a drill program conducted in 1955 and
1956. In total, twelve (12) holes were drilled totalling 1,093
metres leading to a resource estimate of 236,775 tonnes grading
1.03% Li2O (Pye, 1965). The historical estimate does not use the
categories set out in sections 1.2 and 1.3 of NI 43-101 and a
qualified person has not done sufficient work to classify the
historical estimate as current mineral resources or mineral
reserves. The Company is not treating the historical estimate as
current mineral resources or mineral reserves.
The map below shows the locations of the channels in relation to
the known lithium-bearing pegmatites:
The channel samples were analyzed by Actlabs, an ISO 9001:2008
certified analytical laboratory located in Geraldton, Ontario.
Rock Tech is the only exploration company in the Georgia Lake
region with an NI 43-101 resource estimate. 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.
All scientific and technical information in this news release
concerning the Georgia Lake lithium property was reviewed and
prepared under the supervision of Locke
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.
The Company's 100%-owned Georgia Lake lithium property, located
northeast of Thunder Bay, Ontario,
has an NI 43-101 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.
To view photos, videos and maps from the ongoing exploration
program, please use the following link:
http://rocktechlithium.com/ongoing-exploration-program/
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.