VANCOUVER, Sept. 28, 2017 /CNW/ - Rock Tech Lithium
Inc. (the "Company" or "Rock Tech") (TSX-V: RCK; Frankfurt:
RJIB) is pleased to announce the first batch of assay results from
the field sampling program recently completed at its 100%-owned
Georgia Lake lithium property in the Thunder Bay Mining District of
Northwest Ontario,
Canada.
Phase I of the field program targeted the Parole Lake region, an
area of the Georgia Lake lithium property that hosts at least six
lithium-bearing pegmatites. The No. 4 pegmatite was the site of
drilling conducted this past spring and hosts an historic resource
estimate. During this field program, the No. 1, No. 2, No. 3 and
No. 5 pegmatite dykes were located and georeferenced. While no
outcrop was found related to the No. 6 pegmatite, historic trenches
were located and georeferenced. A total of six (6) grab samples
were collected from the No. 1 and No. 3 pegmatite dykes, the
results of which are presented in the following table:
Area
|
Lithium Oxide
(Li2O) %
|
Parole Lake No.
1
|
Below
detection
|
Parole Lake No.
1
|
1.68
|
Parole Lake No.
1
|
0.41
|
Parole Lake No.
1
|
1.01
|
Parole Lake No.
1
|
2.32
|
Parole Lake No.
3
|
1.13
|
Martin Stephan, Chief Executive
Officer of Rock Tech, commented, "The Parole Lake region is one of
the key growth areas of the Georgia Lake lithium property and the
sample results confirm that follow up trenching and drilling is
warranted. The geo-referencing of these pegmatites has provided us
with modern coordinates and proper locations, increasing the
effectiveness of follow up trenching and drilling. Sampling these
pegmatites will provide valuable insights regarding the lithium
content of these pegmatites as assays were not reported for all
historic drill holes completed in the 1950's and 1960's."
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. Additional drilling is required before estimation of true
width in core intersections can be determined. For complete details
of the channel sample and drill results, please see the news
releases dated May 3 and June 29, 2017, respectively.
All samples were analyzed by Actlabs, an ISO 9001:2008 certified
analytical laboratory located in Geraldton, Ontario.
The field program was carried out by Pleson Geoscience, an
exploration consulting company dedicated to providing its clients
with experienced personnel and efficient services. The company's
focus is on low-impact, high resolution data collection from
grass-roots prospecting to preliminary economic evaluations.
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.