Rock Tech Launches Exploration Program at its Georgia Lake Lithium Project
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Rock Tech Launches Exploration Program at its Georgia Lake Lithium Project
Vancouver, BC, Canada - August 8, 2016 - Rock Tech Lithium Inc. (the "Company" or Rock Tech) (TSX-V: RCK; Frankfurt: RJIB) is pleased to announce that it is launching an exploration program at its 100%-owned Georgia Lake lithium property. The Company has engaged Caracle Creek International Consulting Inc. (Caracle Creek) to complete a channel sampling program on the spodumene-bearing pegmatites located on the Georgia Lake property.
The exploration work will target fourteen of the known lithium-bearing pegmatite occurrences and will expand on the wealth of knowledge obtained through past exploration programs that led to the Companys National Instrument (NI) 43-101 resource estimate.
The proposed channel sampling program will include seventy-two channels in trenches and sixteen channels on outcrops. Channel samples will be cut perpendicular to the pegmatite dykes and include one metre of host rock on either side. Individual channel samples of pegmatite dykes are to be one metre each with spacing of fifty metres, where possible. Samples will be assayed by Actlabs, an ISO 9001:2008 certified analytical laboratory located in Geraldton, Ontario.
In addition to trenching and channel sampling, the Company will also conduct prospecting and Differential Global Positioning System (DGPS) surveys of historic drill collars and spodumene-bearing pegmatite outcrops.
Arriva Managements technical team, alongside Rock Techs experienced field explorers, will provide support to Caracle Creek and monitor progress.
Martin Stephan, CEO of Rock Tech Lithium, comments: We are very pleased to be in a position to start accelerating further development of our Georgia Lake lithium project. This next phase of exploration will allow us to incorporate valuable surface information into our 3D model, extending the wireframe from depth to surface with the aim of increasing resource tonnage.
Rock Tech holds the largest land package in the Georgia Lake area and is the only exploration company in the region with an NI 43-101 resource estimate. Further, the Company has completed metallurgical testing on a bulk sample demonstrating the ability to produce both a high-grade spodumene concentrate and battery-quality lithium carbonate (Li2CO3). The spodumene-bearing pegmatites of the Georgia Lake area were originally discovered in 1955.
All scientific and technical information in this news release concerning the Georgia Lake lithium property was reviewed and prepared under the supervision of Locke Goldsmith, P.Eng, P.Geo, an independent Qualified Person to Rock Tech.
Additionally, the Company announces that it has granted stock options to purchase up to 1,300,000 common shares of the Company at a price of $0.55 per share expiring on July 28, 2018. The options were granted to directors, officers and consultants of the Company in accordance with the Companys stock option plan and the requirements of the TSX Venture Exchange.
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 Companys 100%-owned Georgia Lake lithium property, located northeast of Thunder Bay, Ontario, has an NI 43-101 compliant 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.
On behalf of the Board of Directors of the Company,
"Martin Stephan"Martin StephanDirector, Chief Executive Officer
For further information, please contact:
Brad BarnettChief Financial OfficerRock Tech Lithium Inc. 1021 West Hastings Street, Suite 900Vancouver, B.C., V6E 0C3Telephone: (604) 558-5123Facsimile: (604) 670-0033Email: bbarnett(at)rocktechlithium.com
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, "forwardlooking statements". Forwardlooking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forwardlooking 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 forwardlooking statements.
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Datum: 08.08.2016 - 15:30 Uhr
Sprache: Deutsch
News-ID 487788
Anzahl Zeichen: 5030
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