VANCOUVER, June 29, 2017 /CNW/ - Rock Tech Lithium
Inc. (the "Company" or "Rock Tech") (TSX-V: RCK; Frankfurt:
RJIB) is pleased to announce assay results from the first phase of
the drill program recently completed in the Parole Lake area of its
100%-owned Georgia Lake lithium property in the Thunder Bay Mining
District of Northwest Ontario,
Canada.
![Drill core including 11.65 metres grading 1.53% lithium oxide. (CNW Group/Rock Tech Lithium Inc.) Drill core including 11.65 metres grading 1.53% lithium oxide. (CNW Group/Rock Tech Lithium Inc.)](https://mma.prnewswire.com/media/529186/Rock_Tech_Lithium_Inc__Rock_Tech_Announces_Assay_Results_from_Fi.jpg)
Martin Stephan, Rock Tech's Chief
Executive Officer, commented, "We are excited to announce the assay
results from the first phase of the winter drill program. While
this pegmatite houses an historic resource estimate, insufficient
exploration investments have been made to truly understand its
potential after the pegmatite was discovered in the 1950's. The
results from the channel sampling program completed last year along
with the assays from the recently completed drill program have
confirmed high-grade lithium mineralization on surface and at depth
and has given us great confidence in the robustness of the historic
data. This pegmatite remains open along strike and at depth."
Mr. Stephan continued, "These results, from just one of at least
six known pegmatites in this particular area of the property,
clearly show the growth potential of our Georgia Lake lithium
property. Further exploration investments in this region are
warranted to confirm historic resources and develop additional
targets on underexplored lithium-bearing pegmatites."
Summary assay results are presented in the following table:
|
|
|
|
|
Drill Hole
|
From (m)
|
To (m)
|
Length (m)
|
Grade (%
Li2O)
|
PL-17-01
|
60.39
|
66.00
|
5.61
|
1.05
|
PL-17-02
|
110.00
|
117.00
|
7.00
|
1.58
|
PL-17-03
|
134.31
|
145.96
|
11.65
|
1.53
|
PL-17-06
|
146.44
|
153.37
|
6.93
|
1.30
|
PL-17-07
|
121.41
|
122.41
|
1.00
|
1.39
|
A total of seven (7) drill holes totalling 1,382 metres was
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. Previous modelling of the pegmatite
suggested the pegmatite was dipping to the north; however, this
drill program has confirmed the pegmatite is dipping to the south.
This will increase the effectiveness of future exploration programs
on this pegmatite.
The results from the channel program completed during 2016
confirmed 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, provided a better understanding of the geometry of the
lithium-bearing pegmatite and were an integral part of planning
these drill holes.
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.
Drilling was completed by Major Drilling Group International
Inc., one of the world's largest drilling services companies, and
the drill hole samples were submitted to, and 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.