Rock Tech Receives Positive Results from Geotechnical Rock Mass Classification
Rock Tech Receives Positive Results from
Geotechnical Rock Mass Classification
VANCOUVER
,
Sept. 17, 2018
/CNW/ -
Rock Tech Lithium Inc.
(the "Company" or "Rock Tech")
[TSX-V: RCK;
Frankfurt
: RJIB (WKN: A1XF0V)] is pleased to announce geotechnical rock mass
rating results. The geotechnical investigations were carried out by DMT GmbH & Co. KG's ("DMT")
during a recent field visit and subsequent analyses were conducted in
Essen, Germany
, as part of
its work on the first-ever Preliminary Economic Assessment ("PEA") at Rock Tech's flagship Georgia
Lake lithium property.
The geotechnical investigations and analyses, conducted in accordance with the Q-system for rock
mass classification, were based on geotechnical logging of more than 1,000 metres of core from the
Georgia Lake lithium property. The core analyzed was selected from different locations representing
the main rock types that host the main lithium-bearing pegmatites. DMT qualitatively evaluated the
characteristics of the joints in the rock mass, including information from the compressive strength
tests and hydrogeological work previously announced. The Q-system results for the meta-sediments
and gneiss show that the overall rock mass can be classified as "good rock."
"Rock strength and the existing disintegration of the rock mass are essential factors when
considering the stability of an excavation," said
Martin Stephan
, Rock Tech's Chief Executive Officer.
"It is encouraging that the laboratory tests on the rock strength at our Georgia Lake lithium property
have shown that the intact rock is "strong" to "very strong.""
Figure 1 – Photo of the road embankment from similar rocks in the area; here a vertical slope with a
height of over 15 metres. (CNW Group/Rock Tech Lithium Inc.)
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 787, an independent Qualified Person to Rock Tech.
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:
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 09:00e 17-SEP-18