VANCOUVER, Oct. 5, 2017 /CNW/ - Rock Tech Lithium
Inc. (the "Company" or "Rock Tech") (TSX-V: RCK; Frankfurt:
RJIB) is pleased to announce additional 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.
This phase of the field program targeted the McVittie region, an
area of the Georgia Lake lithium property that hosts a stacked
pegmatite system with at least three lithium-bearing pegmatites. A
total of six (6) grab samples were collected from outcropping
areas, the results of which are presented in the following
table:
Area
|
Lithium Oxide
(Li2O) %
|
McVittie
|
1.93
|
McVittie
|
1.99
|
McVittie
|
2.31
|
McVittie
|
1.70
|
McVittie
|
2.01
|
McVittie
|
1.72
|
Martin Stephan, Chief Executive
Officer of Rock Tech, commented, "These results confirm the
extensive and consistent lithium mineralization of the stacked
pegmatite system in the McVittie region. Follow up work will now be
aimed at uncovering additional pegmatites in the region and gaining
greater clarity over the dimensions of those pegmatites already
known."
McVittie Region
The McVittie region, located south of the Nama Creek pegmatites,
was the focus of a drill program conducted in 1955 and 1956. In
total, twelve (12) holes were drilled totalling 1,093 metres
leading to a resource estimate of 236,775 tonnes grading 1.03% Li2O
(Pye, 1965). 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
McVittie pegmatites are not included in Rock Tech's NI 43-101
resource estimate.
The channel sample assay results from this area in 2016 included
5.99 metres of 1.71% Li2O and 6.09 metres of 1.46% Li2O (see news
release dated March 1, 2017). The
channel sample results showed the presence of a previously unknown
lithium-bearing pegmatite that is either a separate pegmatite or a
splay of off one of the known pegmatites. Additional drilling is
required before estimation of true width in core intersections can
be determined.
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
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.