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Rock Tech Lithium Inc.
Summary
| Project: | Georgia Lake | |
|---|---|---|
| Deposit: | Georgia Lake | |
| Location: | Canada | |
| Commodities: | Lithium | |
| Date: | 6/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing PEA | |
| Report details: | 27-6-2018: Rock Tech Lithium Inc. announces a Resource Estimation report for its Georgia Lake deposit at the Georgia Lake project. Upgraded mineral resource estimate at Georgia Lake. VANCOUVER, June 27, 2018 /CNW/ - Rock Tech Lithium Inc. (the "Company" o | |
| Resources: | (Resource): 1.89Mt @ 1.04% Li2O (Meas.), 4.68Mt @ 1.0% Li2O (Ind.), 6.72Mt @ 1.16% Li2O (Inf.) | |
| CP/QP: | [Resources]: Karl Peters (Independent) | |
| ABSTRACT: | VANCOUVER, June 27, 2018 /CNW/ - Rock Tech Lithium Inc. (the "Company" or "Rock Tech") [TSX-V: RCK; Frankfurt: RJIB (WKN: A1XF0V)] is pleased to announce that DMT GmbH & Co. KG ("DMT") has completed a NI 43-101 Technical Report (the "Technical Report") following the decision of reassessing the resource potential at Rock Tech's flagship 100%-owned Georgia Lake lithium property in the Thunder Bay Mining District of Northwest Ontario, Canada. The updated resource estimate contained in the Technical Report represents both an increase in total tonnage and an upgrade in resource classification relative to the previous NI 43-101 resource estimate released in 2012. The updated resource estimate, which is the first result of the assistance of German DMT Group with the aim of mining lithium, is as follows: "We are extremely pleased and excited to announce an updated resource estimate, including the firstever 'measured' resource for our Georgia Lake lithium project," said Martin Stephan, Chief Executive Officer of Rock Tech. "And we are very happy in the current market environment that we own a hard rock pegmatite project. The increased resource tonnage and upgraded resource classification bolster our confidence in the future prospects and the economic feasibility of our flagship property. The new lithiumbearing pegmatite discoveries made during the 2016 and 2017 field programs have not even been included in the updated resource estimate and demonstrate the significant upside that still remains at Georgia Lake." "Rock Tech has made significant investment in exploring and developing the Georgia Lake lithium project, which resulted in an initial NI 43-101 resource evaluation carried out in 2012. Since summer 2016, we have increasingly worked on the further development of our property. A key aspect is the cooperation with DMT, a leading international mining services provider, who is an integral part of the German TÜV NORD Group – one of the most respected brands in Germany", added Dirk Harbecke, the chairman of Rock Tech's Board of Directors. "The updated Technical Report with resource estimate will form the basis of the first-ever Preliminary Economic Assessment ("PEA") on the Georgia Lake property." | |
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