Green Technology Metals gears up for maiden lithium drilling

Green Technology Metals to start maiden drilling at Junior project the next part of the Eastern Hub development strategy
Drilling will focus on Despard target which returned up to 5.06% Li2O
Resource growth will play a critical role in delivering long term feed to the planned Seymour concentrator

Special Report: Green Technology Metals is gearing up to start maiden drilling at its Junior lithium project in Ontario, Canada next week.

The company plans to diamond drill 6900m on the highly prospective Despard target area next week, where recent rock chip assays from pegmatites at surface returned grades as high as 5.06% Li20.

Situated within its Eastern Hub and close to the proposed Seymour mine and concentrator, the Junior project holds strong potential to provide additional feedstock and potentially extend the lifespan of the future mine.

Green Technology Metals (ASX:GT1) is currently working on a definitive feasibility study that will enable the Seymour project to reach a final investment decision early next year.

Work is also underway for permitting and approvals for Seymour, which has a resource of 10.1Mt at 1.03% Li₂O.

Concentrate produced from Seymour will be transported ~320km via road to Thunder Bay, where the company intends to construct its lithium conversion facility.

Drilling promising targets at Despard

Exploration groundwork at Junior continues to show strong lithium grades and multiple pegmatite occurrences, indicating a possible stacked pegmatite system.

To date, Field work at Despard has identified significant pegmatite material over a 750m strike extent, and a new zone containing LCT pegmatite was discovered and mapped along 200m of strike, south-west to the pegmatite within the Main Zone.

The planned drilling program will be over two 3450m programs. If successful, phase 2 will follow, committing an additional 3450 meters of drilling.

Geographical position to Seymour and prospects. Pic: GT1.

“We are excited to start the maiden drilling program at the highly prospective Junior project,” GT1 MD Cameron Henry said.

“This drilling program has been prioritised to commence this year as it is a part of the company’s flow-through spend commitments for this calendar year.

“The Junior project carries a rich history and field exploration success over the past two years by the GT1 exploration team, has further validated its potential.

“The Junior project is an important part of our Eastern Hub development strategy and advancing resource development here will be instrumental in providing long-term feed for the planned concentrator at the Seymour project.”

This article was developed in collaboration with Green Technology Metals, 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.