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Galaxy Ventures Inc V.GXY


Primary Symbol: V.GXY.P

Galaxy Ventures Inc. is a Canada-based capital pool company. The principal business of the Company is the identification and evaluation of assets or a business and, once identified or evaluated, to negotiate an acquisition of or participation in a business (the Qualifying Transaction or QT).


TSXV:GXY.P - Post by User

Post by sethroon Feb 11, 2013 1:34pm
120 Views
Post# 20969733

RCK news - Just out

RCK news - Just out
RCK Rock Tech samples 30.5 m of 2.49% Cg at Lochaber



9:40 AM (GMT-05:00) Eastern Time (US & Canada) Feb 11, 2013

 

Rock Tech Lithium Inc (TSX-V:RCK)
Shares Issued 97,645,108
Last Close 2/8/2013 $0.025
Monday February 11 2013 - News Release

Mr. Afzaal Pirzada reports

ROCK TECH ASSAYS 2.49% GRAPHITE OVER 30.50 METRES AT LOCHABER

Rock Tech Lithium Inc. has released the assay results for the first three channels completed at the Lochaber graphite project during the fourth quarter of 2012. These channels were cut on electromagnetic conductor C with the aim of establishing the surface continuity of the graphite mineralization encountered during the drill program.

"We are very pleased to confirm the continuation of wide graphite mineralization at the surface. The two primary graphite zones discovered on the Plumbago area of the property have resource potential with mineralization starting at the surface and continuing to a depth of over 150 metres," said Afzaal Pirzada, Rock Tech's vice-president of exploration and interim chief executive officer.

The company has been actively exploring its Lochaber graphite property, in the Buckingham region of Quebec, since its acquisition in 2012. During the fourth quarter of 2012, Rock Tech completed over 7,000 metres of drilling and completed seven trenches. To date, the company has received and announced assays for 3,000 metres of core samples and three channel samples, with the assays for the remaining 4,000 metres of core samples and four trenches pending.

Recent exploration programs have focused exclusively on four contiguous claims in the southern area of the property near the past-producing Plumbago mine. While surface samples from this area of the property returned up to 13.6 per cent graphitic carbon (Cg), surface samples from other areas of the property returned up to 22 per cent Cg.

Further, the company announces the resignation of Victor Goncalves as director and wishes him well in his future endeavours.

Quality assurance/quality control

All channel samples are logged and split by diamond saw and are typically eight to 10 centimetres wide by three to five centimetres deep. The average length of each sample is one metre, but can vary depending on geological boundaries. Additional quality assurance/quality control procedures include inserting blanks and standards into the channel sample stream at industry-standard intervals with duplicate samples taken at intervals of 20. The samples are prepped and analyzed by Global Mineral Research Ltd. in Burnaby, B.C. During analysis, the samples are dried, pulverized, leached and roasted at 450 C and 1,200 C with measured weights taken between double ignitions. The laboratories also conduct duplicate and internal standard samples at intervals of 10 as part of their quality assurance/quality control program.

For assay results details, please see the attached table.

Trench ID      From      To      Width   Graphite                                                    (m)     (m)        (m)        (%)                           PB12-TR-C1     0.00   16.00      16.00       1.36                     23.00   47.00      24.00       1.50                       PB12-TR-C2     2.00   32.50      30.50       2.49                                             39.50   44.50       5.00       1.98              PB12-TR-C3     0.00   15.00      15.00       2.32             Note: The true widths of the intersection may       be less than the reported intervals.

The technical information contained in this news release has been reviewed by Afzaal Pirzada, PGeo, vice-president of exploration and interim chief executive officer of the Company, and a qualified person as defined in National Instrument 43-101.

We seek Safe Harbor.

 

 

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