VANCOUVER, Oct. 10, 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 area adjacent to
the main resource zone, an area of the Georgia Lake lithium
property that hosts indicated and inferred resources. A total of
nine (9) grab samples were collected from the areas sampled in 2016
and from previously mapped, un-tested pegmatites. The assay results
from these grab samples are presented in the following table:
Area
|
Description
|
Lithium Oxide
(Li2O) %
|
Nama Creek
|
Area of 2016
samples
|
1.21
|
Nama Creek
|
Area of 2016
samples
|
2.02
|
Nama Creek
|
Area of 2016
samples
|
2.05
|
Nama Creek
|
Area of 2016
samples
|
2.35
|
Nama Creek
|
Area of 2016
samples
|
2.47
|
Nama Creek
|
Previously mapped,
un-tested
|
0.21
|
Nama Creek
|
Previously mapped,
un-tested
|
0.97
|
Nama Creek
|
Previously mapped,
un-tested
|
1.11
|
Nama Creek
|
Previously mapped,
un-tested
|
1.88
|
Martin Stephan, Chief Executive
Officer of Rock Tech, commented, "The high grades encountered
adjacent to the main resource zone of the Georgia Lake lithium
property are encouraging and help prioritize areas for follow up
testing. This portion of the sampling program targeted pegmatites
that were mapped in the 1950's but never tested in addition to
follow up sampling of areas targeted in 2016. The assay results
from the previously mapped, un-tested pegmatites confirm, for the
first time, the presence of lithium and are supportive of further
exploration."
The Nama Creek area hosts an NI 43-101 indicated resource of
2.47 million tonnes grading 1.11% lithium oxide ("Li2O") and an
inferred resource of 2.50 million tonnes grading 0.98% Li2O.
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.