VANCOUVER, July 26, 2017 /CNW/ - Rock Tech Lithium
Inc. (the "Company" or "Rock Tech") (TSX-V: RCK; Frankfurt:
RJIB) is pleased to announce the commencement of a field sampling
program in the Parole Lake area of 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, "The Parole Lake region of the
Georgia Lake lithium property hosts at least six lithium-bearing
pegmatites and represents an exciting area for growth. We
recently completed seven drill holes on one of the lithium-bearing
pegmatites in this region, with one of the drill holes intersecting
11.65 metres with an average grade of 1.53% lithium oxide (see
company press release dated June 29,
2017). This drill program successfully followed up the
channel sampling program which showed lithium oxide mineralization
up to 2.69% on surface (see company press release dated
May 3, 2017). The field program now
underway will be aimed at sampling the other known lithium-bearing
pegmatites while searching for new, previously undiscovered or
unreported pegmatite dykes."
Parole Lake Region
The Parole Lake region of the Georgia Lake lithium property
hosts at least six lithium-bearing pegmatites. One of them, the
Parole Lake No. 4, was the site of recent drilling and channeling
and 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 recent channel program confirmed the
presence of high-grade lithium mineralization on surface with a
sample showing an average grade of 1.89% Li2O over 4.22 metres,
including 2.69% Li2O over 1.03 metres. The recently completed drill
program, with one intersection averaging 1.53% Li2O over 11.65
metres, confirmed lithium mineralization at depth, provided a
better understanding of the geometry of the lithium-bearing
pegmatite and will greatly enhance the efficacy of future drill
programs.
Any samples collected during the field program will be 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.