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MetalsTech Ltd.
Summary
| Project: | Cancet | |
|---|---|---|
| Deposit: | Cancet | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 5/9/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-5-2017: MetalsTech Ltd. announces an Exploration/Drilling Update report for its Cancet deposit at the Cancet project. Drilling results incl. 18m @ 3.71% LiO2, 301ppm Ta2O5 from 8m . Cobalt and lithium developer MetalsTech Limited (ASX:MTC) is pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jody Dahrouge (Dahrouge Geological Consulting Ltd.) | |
| ABSTRACT: | Cobalt and lithium developer MetalsTech Limited (ASX:MTC) is pleased to announce exceptional drill intersection assays at the Company’s 100%-owned Cancet Lithium Project in Quebec, Canada. The Company has received the first batch of laboratory assays which consisted of two holes; MTC17- 002 and MTC17-015, which were prioritised due to their favourable location and proximity to outcropping mapped pegmatite. These holes were drilled close to the area that was subject to channel sampling by the company in August 2016 and again in October 2016. MTC17-002 and MTC17-015 sit within an area which has been identified as a potential site for bulk sampling and detailed metallurgical testing. Over the next couple of weeks, the Company expects to be in a position to update shareholders on further drilling activities at Cancet including successful strike extension, strong preliminary metallurgical test results pursuant to NAGROM ore profiling as well as further lithium assay results relating to subsequent batches of samples from the current Phase I drilling when received. The Company is currently preparing a large representative batch of split core samples which will be provided to NAGROM for advanced metallurgical test work which will be used to support a formal Scoping Study at Cancet and underpin early offtake and strategic partner discussions. | |
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