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MetalsTech Ltd.
Summary
| Project: | Cancet | |
|---|---|---|
| Deposit: | Cancet | |
| Location: | Canada | |
| Commodities: | Lithium-Tantalum | |
| Date: | 6/30/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-6-2017: MetalsTech Ltd. announces an Exploration/Drilling Update report for its Cancet deposit at the Cancet project. Drilling results incl. 18m @ 3.14% Li2O, 284ppm Ta205 from 8.0m. Cobalt and lithium explorer MetalsTech Limited (ASX: MTC) (the “Compa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Darren Smith (Dahrouge Geological Consulting Ltd.) | |
| ABSTRACT: | Cobalt and lithium explorer MetalsTech Limited (ASX: MTC) (the “Company”) is pleased to announce the remaining drill results from the winter program recently completed at the Company’s 100%-owned Cancet Lithium Project (the “Project” or “Property”), located in the James Bay Region of Quebec, Canada. The mineralised pegmatite body is open in all directions with a total defined strike length of the host pegmatite body of ~1.2 km. In addition to the encouraging lithium grades intersected near surface, significant tantalum mineralisation continued to be intersected. Drill hole MTC17-010 returned 444 ppm Ta2O5 over 34 m including a peak sample assay of 970 ppm Ta2O5. The zonation of the lithium and tantalum within the mineralised body at Cancet is not yet well-understood, with geological modelling ongoing to further define the relationship. “These assays support our thesis that Cancet has the potential to host a high-grade lithium deposit very close to surface. We are eagerly awaiting the results from the metallurgy and mineralogy testing on select drill core which we hope will indicate a simple and low-cost conventional processing opportunity, and support ongoing offtake and strategic partner discussions. Cancet is located only a few kilometres from low-cost hydro-power and an existing regional all-weather road, thus, if sufficient resources are defined, we will be well positioned with a highly attractive asset to further develop” | |
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