VANCOUVER, July 11, 2017 /CNW/ - Rock Tech Lithium
Inc. (the "Company" or "Rock Tech") (TSX-V: RCK; Frankfurt:
RJIB) is pleased to announce assay results from the second phase of
the drill program recently 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 pleased to announce the assay
results from the second phase of the winter drill program. These
results show that in yet another region of the Georgia Lake
property, significant lithium mineralization is present. This
particular area of the property hosts at least three
lithium-bearing pegmatites of which two were tested during this
program. Assay results from the channel sampling program completed
last year showed high-grade surface mineralization. One
intersection in particular showed an average grade of 2.93% lithium
oxide over 4.02 metres, including one metre grading 4.42% lithium
oxide and we are encouraged by the continuation of high-grade
lithium mineralization at depth."
Mr. Stephan continued, "The lithium-bearing pegmatites tested
remain open along strike and downdip and, interestingly, exhibited
elevated levels of rubidium, cesium and tantalum that warrant
further investigation."
Summary assay results are presented in the following table:
|
|
|
|
|
Drill
Hole
|
From
(m)
|
To
(m)
|
Length (m)
**
|
Grade (%
Li2O)
|
AM-17-01
|
48.00
|
48.85
|
0.85
|
2.03
|
AM-17-02
|
45.07
|
49.00
|
3.93
|
0.65
|
AM-17-02
|
57.48
|
58.83
|
1.35
|
2.24
|
AM-17-03
|
61.37
|
66.50
|
5.13
|
1.13
|
AM-17-03
|
74.28
|
75.58
|
1.30
|
1.34
|
AM-17-04
|
59.47
|
64.50
|
5.03
|
2.76
|
AM-17-05
|
64.75
|
70.94
|
6.19
|
1.78
|
AM-17-06
|
48.97
|
51.30
|
2.33
|
2.45
|
AM-17-06
|
60.00
|
62.00
|
2.00
|
2.77
|
AM-17-07
|
68.33
|
70.20
|
1.87
|
2.68
|
**Drill Hole
intercepts may not reflect the true width of the
pegmatites.
|
A total of seven (7) drill holes totalling 584 metres was
completed to confirm historic results, assist in modelling the
orientation of the lithium-bearing pegmatites and provide a more
robust understanding of their potential. Drill hole AM-17-03
extended the pegmatite along strike to the west where it remains
open. The assay results also showed anomalous values of cesium,
tantalum and rubidium.
The results from the channel sampling program completed during
2016 confirmed the presence of high-grade lithium mineralization
with one sample showing an average grade of 2.93% Li2O over 4.02
metres, including 4.42% Li2O over one metre, provided a better
understanding of the geometry of the lithium-bearing pegmatites and
were an integral part of planning these drill holes.
This region of the property hosts at least three lithium-bearing
pegmatites which, collectively, have an historic resource estimate
of 776,074 tonnes grading 1.63% 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
lithium-bearing pegmatites in this region 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 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
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.