Results Confirm Further Presence of High-Grade
(up to 4.42%) Lithium Oxide Mineralization, Forming the Basis for
Follow-up Exploration Work
VANCOUVER, May 24, 2017 /CNW/ - Rock Tech Lithium
Inc. (the "Company" or "Rock Tech") (TSX-V: RCK; Frankfurt:
RJIB) is pleased to announce the completion of the prospecting and
channel sampling program at its 100%-owned Georgia Lake lithium
property in the Thunder Bay Mining District of Northwest Ontario, Canada.
Martin Stephan, Chief Executive
Officer of Rock Tech, commented, "We are very pleased to announce
the completion of the prospecting and channel sampling
program. This program was highlighted by the new discovery
made near the main resource area of the property as well as several
high-grade lithium assays from the channel sampling program
extending the length and width of the lithium-bearing pegmatites
included in our resource model." Mr. Stephan continued,
"Furthermore, channel sample assays from the Parole Lake and
Aumacho areas, pegmatites not included in our NI 43-101 resource
estimate, included 2.50%, 2.69% and 4.42% lithium oxide and clearly
demonstrate the growth potential of this property."
Nama Creek Main Resource Zone
With respect to the main resource zone, commonly referred to as
the Nama Creek area, a previously unknown pegmatite was discovered
during the prospecting program. Grab samples taken from this newly
discovered pegmatite returned lithium oxide values of 1.81%, 1.59%
and 1.01%. These grab samples are a clear reminder that
despite extensive exploration work done in this region, much of the
Georgia Lake pegmatite field remains underexplored.
Additional grab samples from the Nama Creek area returned assays up
to 2.82% lithium oxide. The map below shows the new discovery in
relation to the main resource zone:
![The map shows a potential pegmatite field to the southeast of the main resource area. This clearly shows the potential for growth as past drill holes outside of the main resource zone intersected lithium-bearing pegmatites. Additionally, mapped pegmatites exist that have yet to be drill-tested and the prospecting program resulted in the discovery of a previously un-mapped pegmatite. (CNW Group/Rock Tech Lithium Inc.) The map shows a potential pegmatite field to the southeast of the main resource area. This clearly shows the potential for growth as past drill holes outside of the main resource zone intersected lithium-bearing pegmatites. Additionally, mapped pegmatites exist that have yet to be drill-tested and the prospecting program resulted in the discovery of a previously un-mapped pegmatite. (CNW Group/Rock Tech Lithium Inc.)](https://mma.prnewswire.com/media/515622/Rock_Tech_Lithium_Inc__Rock_Tech_Completes_Field_Program__Shows.jpg)
The map clearly shows the potential for growth as past drill
holes outside of the main resource zone intersected lithium-bearing
pegmatites and mapped pegmatites exist that have yet to be
drill-tested. The grab samples showing a new lithium-bearing
pegmatite, the presence of mapped pegmatites yet to be drilled and
past drill holes intersecting lithium-bearing pegmatites are key
areas for follow up exploration activities.
Parole Lake
During the program, two (2) channels were cut on the outcropping
portion of the Parole Lake pegmatite. The Parole Lake pegmatite has
an historic resource estimate of 1.5 million tonnes grading 1.30%
Li2O (Pye, 1965); however, 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. As a result, the Parole Lake pegmatite is not included in
Rock Tech's NI 43-101 resource estimate.
The results from the channel program confirm the presence of
high-grade lithium mineralization up to 2.69% Li2O, including 4.22
metres of 1.89% Li2O and 3.01 metres of 1.57% Li2O, provide a
better understanding of the geometry of the lithium-bearing
pegmatite and will greatly enhance the efficacy of future drill
programs.
Aumacho
During the program, three (3) channels were cut in the Aumacho
area. Based on drill information from 1955-1957, an historic
resource estimate 776,074 tonnes grading 1.63% Li2O was delineated
(The Northern Miner, 1957); however, 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. As a result, the Aumacho pegmatites are not included in
Rock Tech's NI 43-101 resource estimate.
The channel sample assay results from this area were the highest
recorded during the program, up to 4.42% Li2O including 4.02 metres
of 2.93% Li2O and 5.03 metres of 1.93% Li2O. The channel sample
results confirmed the surface orientation of the pegmatites and
provide much-needed information regarding the geometry of the
pegmatites. This will greatly enhance the efficacy of follow-up
drill testing.
Summary
In summary, the exploration program targeted nine (9) of the
known lithium-bearing pegmatite occurrences and has expanded on the
wealth of knowledge obtained through past exploration programs that
led to the Company's National Instrument ("NI") 43-101 resource
estimate. In total, four hundred sixty-three (463) channel samples
and forty-seven (47) grab samples were collected and analyzed
during the program. The purpose of the channels was to gain
information on the location of the pegmatites on surface and to aid
in drill targeting in the near future.
The channel samples were analyzed by Actlabs, an ISO 9001:2008
certified analytical laboratory located in Geraldton, Ontario.
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 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.
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.