Green Technology Metals finds thick, high-grade lithium at Root Bay
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Green Technology Metals has received maiden assays for the first three diamond drill holes at the Root Bay prospect of its Root project, around 200km west of the flagship Seymour project in Ontario.
Green Technology Metals (ASX:GT1) is reporting that each of the holes has intersected thick, high-grade pegmatites, showing the company is on the right track with its project in the current lithium hotspot, Canada.
Drill hole RB-23-001 returned:
Drill hole RB-23-003 returned 12.1m at 1.30% Li2O from 67.4m.
And RB-23-005 returned:
A total of 17 out of the 20 planned diamond drill holes have now been completed, with 14 pending assays.
The phase one drilling program has intersected numerous pegmatites along an east-west ridge which is highly prospective for 6km – including three holes, intersecting LCT pegmatite zones of 14.54m, 15.98m and 17.80m.
“Root Bay is the third prospect located on the eastern side of the Root Project with drilling now confirming multiple stacked lithium bearing pegmatites cross cutting a magnetic ridge that extends over six kilometres of highly prospective ground,” Green Technology Metals CEO Luke Cox said.
The company says the Preliminary Economic Assessment (PEA) is scheduled to be delivered shortly, pending the release of the maiden McCombe Mineral Resource Estimate (MRE) and Seymour MRE Update, due to the PEA incorporating feed from the new MRE’s.
This article was developed in collaboration with Green Technology Metals Limited, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.