Hard drilling Green Technology Metals is amassing an impressive lithium inventory
Green Technology Metals keeps hitting high grade lithium as it moves closer to a maiden resource at McCombe, part of the Root project in Ontario.
With big shots like Primero, Lithium Americas Corp and AMCI in its corner, Green Technology Metals (ASX:GT1) is on the fast track to first spodumene production in 2025.
The company has been drilling hard all year. This will culminate in a resource upgrade at the flagship 9.9Mt Seymour project and a maiden resource at the Root project, scheduled for release in Q1 2023.
Phase 1 drilling at the McCombe pegmatite — currently the most advanced prospect at Root — is now complete, comprising 22 resource definition diamond holes.
Assays have been returned for all 22 holes, all intersecting thick and continuous high grade spodumene pegmatites from surface.
New results include:
Ore grade for a hard rock lithium deposit is usually between 0.8-1.5%.
The Phase 1 drilling has delineated, extended, and simplified the historical mineralised pegmatites in all directions, the company says.
Phase 2 drilling will be completed in the coming weeks for incorporation into the resource estimate.
“The high-grade assays received from Phase 1 drilling are very encouraging as we progressively increase the resource at McCombe,” CEO Luke Cox says.
“Phase 2 drilling has continued to intersect additional pegmatites to the northeast and the whole deposit is still open along strike and down dip.
“The second dill rig has now mobilised to the Morrison prospect, so looking forward to continued progress through the winter.”
Historical drilling at Morrison, ~1km east of McCombe, has proven the strike of the pegmatite to be at least 1.6km to the west with additional occurrences to the north.
Initial drilling at Morrison (20 holes for 2,500m) is designed to confirm historical drilling and sampling.
A second phase of drilling is then planned to test for extensions of the mineralised pegmatites in all directions, infill key sections and rapidly facilitate delineation of a resource.
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.