VANCOUVER, June 7, 2017 /CNW/ - Rock Tech Lithium
Inc. (the "Company" or "Rock Tech") (TSX-V: RCK; Frankfurt:
RJIB) is pleased to announce that drilling has been completed in
the Aumacho area of its 100%-owned Georgia Lake lithium property in
the Thunder Bay Mining District of Northwest Ontario, Canada.
Martin Stephan, Rock Tech's Chief
Executive Officer, commented, "We are very pleased to announce the
completion of this drill program which tested two key growth areas
of the Georgia Lake lithium property, the Parole Lake and Aumacho
pegmatites. Assay results from the channel sampling program
returned lithium oxide values up to 4.42% and 2.69% at Aumacho and
Parole Lake, respectively. All of the core samples have now been
logged and submitted to the lab for analysis and results will be
announced once received."
The drill program consisted of two phases. In the first phase, a
total of seven (7) drill holes totalling 1,382 metres were
completed on the Parole Lake pegmatite. These drill holes were
designed to confirm historic results, assist in modelling the
orientation of the pegmatite and provide a more robust
understanding of its potential.
In the second phase, a total of seven (7) drill holes totalling
584 metres were completed in the Aumacho area. These drill holes
were designed to determine the orientation of the lithium-bearing
pegmatites and test whether the favourable grades and widths
continue to the west.
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 Aumacho pegmatites have an historic resource estimate of
776,074 tonnes grading 1.63% Li2O (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.
Drilling was completed by Major Drilling Group International
Inc., one of the world's largest drilling services companies, and
the drill hole samples have been submitted to, and are being
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.