VANCOUVER, Oct. 19, 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.
These assay results confirm that the outcrops discovered during
the program are lithium-bearing (see press release dated
August 31, 2017) and are related to
one or more pegmatites. One of these outcrops exhibited some
evidence of past work but had not been mapped. These discoveries
are in addition to the untested, mapped pegmatites in the immediate
vicinity of the main resource area; the results of which were
announced on October 10, 2017. A
total of eight (8) grab samples were collected from new
discoveries; the assay results from these grab samples are
presented in the following table:
Area
|
Sample
Number
|
Lithium Oxide
(Li2O) %
|
Nama Creek – New
Discovery
|
881763
|
0.59
|
Nama Creek – New
Discovery
|
881708
|
1.02
|
Nama Creek – New
Discovery
|
881709
|
1.49
|
Nama Creek – New
Discovery
|
881710
|
1.55
|
Nama Creek – New
Discovery
|
881711
|
1.68
|
Nama Creek – New
Discovery
|
881764
|
1.89
|
Nama Creek – New
Discovery
|
881712
|
1.99
|
Nama Creek – New
Discovery
|
881713
|
2.12
|
Martin Stephan, Chief Executive
Officer of Rock Tech, commented, "The field program has
successfully led to the development of several new targets for
further exploration. We have discovered three new lithium-bearing
outcrops adjacent to the main resource zone in the past year and
have confirmed that other known pegmatites in the immediate
vicinity are, in fact, lithium-bearing. These new discoveries and
targets clearly show the potential for growth at the Georgia Lake
lithium property and we are now planning follow up trenching and
channeling to gain a greater understanding of the dimensions of
these lithium-bearing pegmatites."
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.