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Rock Tech Lithium Inc. (the “Company” or “Rock Tech”) [TSX-V: RCK; Frankfurt: RJIB (WKN: A1XF0V)] is pleased to announce check-sample assay results from its due diligence program for the Nogalito lithium property in Sonora, Mexico. The Company has entered into a Letter of Intent (“LOI”) to acquire, through its wholly-owned subsidiary, Minerales de Baterias SA de CV, a …
Rock Tech Lithium Inc. (the “Company” or “Rock Tech”) [TSX-V: RCK; Frankfurt: RJIB (WKN: A1XF0V)] is pleased to announce check-sample assay results from its due diligence program for the Nogalito lithium property in Sonora, Mexico. The Company has entered into a Letter of Intent (“LOI”) to acquire, through its wholly-owned subsidiary, Minerales de Baterias SA de CV, a 100% interest in the Nogalito lithium property in Sonora, Mexico, subject to satisfactory due diligence and regulatory approval.
As quoted in the press release:
Martin Stephan, Chief Executive Officer of Rock Tech, commented, “The sediment samples are in line with our high expectations based on previous sampling completed by US Borax Inc., which collected 136 samples (with a high of 1,166 ppm) during the 1990’s while exploring for borate, and by the property vendors whose own sampling showed lithium concentrations of 381 ppm and 590 ppm. We have now confirmed that the volcanic tuffs and sediments contain anomalous lithium values at the surface, supporting the hypothesis that a concentration of lithium in brine exists in the basin at depth.”
