Rock Tech Confirms Discovery of New Lithium-bearing Pegmatites at Georgia Lake
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.
Brad Barnett, Chief Financial Officer, Rock Tech Lithium Inc., 777 Hornby Street, Suite 600, Vancouver, B.C., V6Z 1S4, Telephone: (778) 358-5200, Facsimile: (604) 670-0033, Email: [email protected]
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