Rock Tech Collects Samples for Uniaxial Compressive Strength Tests
Rock Tech Collects Samples for Uniaxial
Compressive Strength Tests
VANCOUVER
,
Aug. 7, 2018
/CNW/ -
Rock Tech Lithium Inc.
(the "Company" or "Rock Tech")
[TSX-V: RCK;
Frankfurt
: RJIB (WKN: A1XF0V)] is pleased to announce that it has collected
samples for Uniaxial Compressive Strength ("UCS") testwork. The UCS tests are being conducted
by DMT GmbH & Co. KG ("DMT") as part of its work on the first-ever Preliminary Economic
Assessment ("PEA") at Rock Tech's flagship, 100%-owned Georgia Lake lithium property in the
Thunder Bay Mining District of
Northwest Ontario
, Canada.
The UCS tests will assess the ability of cylindrical intact rock core specimens to withstand loads and
resist deformation or fracture. Compressive strength is a key value for the design of open pits and
underground mines.
Twelve (12) cylindrical samples from Rock Tech's drill core, together with two (2) rock samples of
pegmatite from the field, were collected and have been sent to the certified lab of DMT's mining
engineering department where the UCS tests will be carried out.
Figure 1 – rock and drill core samples from Georgia Lake lithium property (CNW Group/Rock Tech
Lithium Inc.)
"The UCS tests conducted on drill core and rock samples from our Georgia Lake lithium property will
provide valuable data for the technical calculation of pit slopes and openings in the underground,"
said
Martin Stephan
, Rock Tech's CEO.
The ongoing preliminary economic assessment is based on the updated and upgraded resource
estimate announced on
June 27, 2018
. The updated and upgraded resource estimate included the
following:
Measured: 1.89 million tonnes grading 1.04% lithium oxide ("Li2O");
Indicated: 4.68 million tonnes grading 1.00% Li2O;
Inferred: 6.72 million tonnes grading 1.16% Li2O.
All scientific and technical information in this news release was reviewed and prepared under the
supervision of
Karl-Stephan Peters
, EurGeol 877 an independent Qualified Person to Rock Tech.
Additionally, Rock Tech is granting 1.52 million stock options to employees, directors and
consultants. The stock options have an exercise price of
$0.88
and expire on
August 5, 2022
.
About DMT GmbH & Co. KG
DMT is a global consortium, providing interdisciplinary services in the Mining, Oil & Gas, Civil
Engineering & Infrastructure and Plant Engineering markets with a client roster that includes
Anglo
American
, BHP Billiton, OMV, E.ON, Schlumberger, De Beers and leading institutes such as The
World Bank and the Asian Development Bank. DMT occupies 30 offices worldwide and belongs to
the German certification agency TÜV NORD GROUP. To date, DMT has completed several
thousand projects in over 150 countries, working in over 25 countries in a typical year.
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. The Georgia Lake Lithium project aims to develop
a lithium-rich pegmatite vein deposit for the purpose of mining. The deposit was discovered in the
Thunder Bay Mining district in northwestern
Ontario/Canada
, close to the
Lake Superior
, as early as
1955. Rock Tech Lithium has been working increasingly on the property since 2016 – in a market
environment, where the trend for electric cars on the international market has been rising steeply for
years. Analysts expect that more than 25% of newly sold cars in 2025 will be electrified, with the
demand for batteries and therefore battery metals such as lithium expanding rapidly.
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:
please contact: Rock Tech Lithium Inc.: Brad Barnett:
[email protected], Chief Financial Officer, Telephone: (778) 358-5200; Renmark
Financial Communications Inc.: Laura Welsh: [email protected], Tel: (416) 644-2020 or
(514) 939-3989, www.renmarkfinancial.com
CO: Rock Tech Lithium Inc.
CNW 07:00e 07-AUG-18