VANCOUVER, July 11, 2017 /CNW/ - Rock Tech Lithium
Inc. (the "Company" or "Rock Tech") (TSX-V: RCK; Frankfurt: RJIB) is pleased to announce assay results from the second phase
of the drill program recently completed in the Aumacho area of its 100%-owned Georgia Lake lithium property in the Thunder Bay
Mining District of Northwest Ontario, Canada.
![Drill core from the Aumacho pegmatite; one of many lithium-bearing pegmatites at the Georgia Lake lithium property. (CNW Group/Rock Tech Lithium Inc.) Drill core from the Aumacho pegmatite; one of many lithium-bearing pegmatites at the Georgia Lake lithium property. (CNW Group/Rock Tech Lithium Inc.)](https://mma.prnewswire.com/media/534173/Rock_Tech_Lithium_Inc__Rock_Tech_Announces_Assay_Results_from_Se.jpg)
Martin Stephan, Rock Tech's Chief Executive Officer, commented, "We are pleased to announce the
assay results from the second phase of the winter drill program. These results show that in yet another region of the Georgia
Lake property, significant lithium mineralization is present. This particular area of the property hosts at least three
lithium-bearing pegmatites of which two were tested during this program. Assay results from the channel sampling program
completed last year showed high-grade surface mineralization. One intersection in particular showed an average grade of 2.93%
lithium oxide over 4.02 metres, including one metre grading 4.42% lithium oxide and we are encouraged by the continuation of
high-grade lithium mineralization at depth."
Mr. Stephan continued, "The lithium-bearing pegmatites tested remain open along strike and downdip and, interestingly,
exhibited elevated levels of rubidium, cesium and tantalum that warrant further investigation."
Summary assay results are presented in the following table:
|
|
|
|
|
Drill Hole
|
From (m)
|
To (m)
|
Length (m) **
|
Grade (% Li2O)
|
AM-17-01
|
48.00
|
48.85
|
0.85
|
2.03
|
AM-17-02
|
45.07
|
49.00
|
3.93
|
0.65
|
AM-17-02
|
57.48
|
58.83
|
1.35
|
2.24
|
AM-17-03
|
61.37
|
66.50
|
5.13
|
1.13
|
AM-17-03
|
74.28
|
75.58
|
1.30
|
1.34
|
AM-17-04
|
59.47
|
64.50
|
5.03
|
2.76
|
AM-17-05
|
64.75
|
70.94
|
6.19
|
1.78
|
AM-17-06
|
48.97
|
51.30
|
2.33
|
2.45
|
AM-17-06
|
60.00
|
62.00
|
2.00
|
2.77
|
AM-17-07
|
68.33
|
70.20
|
1.87
|
2.68
|
**Drill Hole intercepts may not reflect the true width of the
pegmatites.
|
A total of seven (7) drill holes totalling 584 metres was completed to confirm historic results, assist in modelling the
orientation of the lithium-bearing pegmatites and provide a more robust understanding of their potential. Drill hole AM-17-03
extended the pegmatite along strike to the west where it remains open. The assay results also showed anomalous values of cesium,
tantalum and rubidium.
The results from the channel sampling program completed during 2016 confirmed the presence of high-grade lithium
mineralization with one sample showing an average grade of 2.93% Li2O over 4.02 metres, including 4.42% Li2O over one metre,
provided a better understanding of the geometry of the lithium-bearing pegmatites and were an integral part of planning these
drill holes.
This region of the property hosts at least three lithium-bearing pegmatites which, collectively, have an historic resource
estimate of 776,074 tonnes grading 1.63% Li2O (Pye, 1965); however, the historical estimate does not use the categories set out
in sections 1.2 and 1.3 of NI 43-101 and a Qualified Person has not done sufficient work to classify the historical estimate as
current mineral resources or mineral reserves. As a result, the lithium-bearing pegmatites in this region are not included in
Rock Tech's NI 43-101 resource estimate.
Drilling was completed by Major Drilling Group International Inc., one of the world's largest drilling services companies, and
the drill hole samples were submitted to, and analyzed by, Actlabs, an ISO 9001:2008 certified analytical laboratory located in
Geraldton, Ontario.
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.
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.
Rock Tech is the only exploration company in the Georgia Lake region with an NI 43-101 resource estimate. The resource
estimate shows an 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. Further, the Company has completed metallurgical testing on
a bulk sample demonstrating the ability to produce both a high-grade spodumene concentrate and battery-grade lithium carbonate
("Li2CO3"). The spodumene-bearing pegmatites of the Georgia Lake area were originally discovered in 1955.
To view photos, videos and maps from the ongoing exploration program, please use the following link: http://rocktechlithium.com/ongoing-exploration-program/
On behalf of the Board of Directors of the Company,
"Martin Stephan"
Martin Stephan
Director, Chief Executive Officer
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, "forward‐looking statements". Forward‐looking
statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar
expressions. The Company cautions readers that forward‐looking 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 forward‐looking statements.
SOURCE Rock Tech Lithium Inc.
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