Rock Tech Announces Assay Results from First Phase of Drill Program
Rock Tech Announces Assay Results from First Phase of Drill
Program
VANCOUVER
,
June 29, 2017
/CNW/ -
Rock Tech Lithium Inc.
(the "Company" or "Rock Tech") (TSX-V: RCK; Frankfurt: RJIB) is
pleased to announce assay results from the first phase of the drill program recently completed in the Parole Lake area of its 100%-owned Georgia
Lake lithium property in the Thunder Bay Mining District of
Northwest Ontario
, Canada.
Martin Stephan
, Rock Tech's Chief Executive Officer, commented, "We are excited to announce the assay results from the first phase of the winter
drill program. While this pegmatite houses an historic resource estimate, insufficient exploration investments have been made to truly understand its
potential after the pegmatite was discovered in the 1950's. The results from the channel sampling program completed last year along with the
assays from the recently completed drill program have confirmed high-grade lithium mineralization on surface and at depth and has given us great
confidence in the robustness of the historic data. This pegmatite remains open along strike and at depth."
Mr. Stephan continued, "These results, from just one of at least six known pegmatites in this particular area of the property, clearly show the
growth potential of our Georgia Lake lithium property. Further exploration investments in this region are warranted to confirm historic resources
and develop additional targets on underexplored lithium-bearing pegmatites."
Summary assay results are presented in the following table:
Drill Hole
From (m)
To (m)
Length (m)
Grade (% Li
2
O)
PL-17-01
60.39
66.00
5.61
1.05
PL-17-02
110.00
117.00
7.00
1.58
PL-17-03
134.31
145.96
11.65
1.53
PL-17-06
146.44
153.37
6.93
1.30
PL-17-07
121.41
122.41
1.00
1.39
A total of seven (7) drill holes totalling 1,382 metres was completed on the Parole Lake pegmatite. These drill holes were designed to confirm
historic results, assist in modelling the orientation of the pegmatite and provide a more robust understanding of its potential. Previous modelling of
the pegmatite suggested the pegmatite was dipping to the north; however, this drill program has confirmed the pegmatite is dipping to the south.
This will increase the effectiveness of future exploration programs on this pegmatite.
The results from the channel program completed during 2016 confirmed the presence of high-grade lithium mineralization up to 2.69% Li2O,
including 4.22 metres of 1.89% Li2O and 3.01 metres of 1.57% Li2O, provided a better understanding of the geometry of the lithium-bearing
pegmatite and were an integral part of planning these drill holes.
The Parole Lake pegmatite 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.
Drilling was completed by Major Drilling Group International Inc., one of the world's largest drilling services companies, and the drill hole samples
were submitted to, and analyzed by, Actlabs, an ISO 9001:2008 certified analytical laboratory located in
Geraldton, Ontario
.
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.
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For further information:
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]
CO: Rock Tech Lithium Inc.
CNW 06:30e 29-JUN-17