Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the “Company” or “Rock Tech”) announce positive assay results of a summer exploration program that identified three new spodumene-pegmatite prospects. The program was completed in the summer of 2022 at its 100%-owned Georgia Lake Lithium project in the Thunder Bay Mining District of Ontario (the “Georgia Lake Project”).
Rock Tech is pleased to announce positive assay results of outcrop samples collected at its 100%-owned Georgia Lake project. The Georgia Lake Project, located between Nipigon and Beardmore, Ontario is comprised of 1,042 hectares of mineral leases and 5,686 hectares of mineral claims.
The samples were collected during an extensive field exploration program that was completed between July and September of 2022. Work included prospecting and mapping of spodumene-bearing pegmatites in areas both proximal to known deposits and in under-explored areas at the Georgia Lake property.
Three new prospects, hereinafter referred as Line 20, Camp 38, and Conway East were identified based on assay results of samples collected from several areas (Refer to Figure 1 and Table 1 below for location and assay results of individual samples).
Further trenching and drilling will be used to more precisely determine the dimensions of the spodumene-pegmatites, however the current minimum interpreted strike-extent ranges from 100 metres for Line 20 and Camp 38 to 500 meters for Conway East. Rock Tech plans to conduct a trenching program in the summer of 2023 to follow-up on the positive assay results.
Robert MacDonald, General Manager of the Georgia Lake Project, commenting on the results of the 2022 summer exploration program said:
Rock Tech is pleased with the results of the summer exploration program and we are encouraged with the ongoing potential of the Georgia Lake Project.
“Rock Tech is currently planning our 2023 exploration program to follow up on these encouraging results.”
ATTACHMENTS
FIGURE 1 | Map showing location and results of summer 2022 field exploration samples at Rock Tech’s Georgia Lake project. Dark grey contour-like lines represent pit designs that were completed by AMC Consulting (Canada) Ltd. as part of prefeasibility study that was completed in the fourth quarter of 2022.
TABLE 1 | Summary of Significant Assay Results for Samples Collected during the 2022 Summer Exploration Program. GPS Locations are in UTM NAD83 Zone 16N.
SAMPLING AND QAQC PROCEDURE
Representative samples were taken for every pegmatite station during prospecting. Each sample was put into its own plastic sample bag with a sample tag and closed with zip ties. About 13% of the samples submitted to Activation Laboratories Ltd. (“Actlabs“) for analysis were QAQC samples that were inserted into the sample stream and consist of a high- and low-grade lithium standards, blank material, and duplicates.
Samples were sent to Actlabs’ preparation laboratories in Thunder Bay, Ontario for crushing and pulverizing, and were subsequently sent to Actlabs’ geochemistry laboratory in Ancaster, Ontario for analysis. Analysis for lithium was completed using a sodium peroxide fusion plus ICP-OES. Actlabs is independent of the Company.
SCIENTIFIC AND TECHNICAL DISCLOSURE
The scientific and technical disclosure included in this news release has been reviewed and approved by Amanuel Bein, P.Geo., Chief Exploration Geologist of the Georgia Lake Project, a Qualified Person under National Instrument 43-101 Standards of Disclosure of Mineral Projects. Exploration data was collected and verified following the guidelines outlined in CIM Mineral Exploration Best Practice Guidelines.
ABOUT ROCK TECH
Rock Tech is a cleantech company on a mission to produce lithium hydroxide for EV batteries. The Company plans to build lithium converters at the door-step of its customers, to guarantee supply-chain transparency and just-in-time delivery. To close the most pressing gap in the clean mobility story, Rock Tech has gathered one of the strongest teams in the industry.
The Company has adopted strict ESG standards and is developing a proprietary refining process aimed at further increasing efficiency and sustainability. Rock Tech plans to source raw material from its own mineral project in Canada as well as procuring it from other responsibly producing mines.
In the years to come, the Company expects to also source raw material from discarded batteries. Rock Tech’s goal: to create a closed-loop lithium production system.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Rock Tech Lithium: Positive Assay Results of Summer Exploration Program and Three New Prospects at Georgia Lake, VANCOUVER, BC, January 31, 2023
