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Green Technology Metals Limited (ASX: GT1) (GT1 or the Company), a Canadian-focused multi-asset lithium business, is pleased to announce further high-grade lithium assay results returned from its 100%-owned Root Project, located approximately 200km west of the flagship Seymour Project in Ontario, Canada.
HIGHLIGHTS
- Maiden assays received for the first diamond hole at Morrison, Root:
- RL-22-0364: 10.6m @ 1.25% Li2O from 54.0m (incl. 8.0m @ 1.62% Li2O from 55.0m)
- 12 additional holes completed and awaiting assays.
- Drilling continuing day/night to complete initial 20 hole/2500m programme.
- Assays received for a further 17 diamond holes at McCombe, Root including:
- RL-22-0532: 53.2m combined down hole pegmatite intersections, including:
- 11.7m @ 0.91% Li2O from 90.1m (incl. 9.8m @ 1.05% Li2O from 92.0m)
- 20.7m @ 1.08% Li2O from 113.0m (incl. 8.0m @ 1.76% Li2O from 113.0m)
- 20.8m @ 0.83% Li2O from 156.0m (incl. 14.0m @ 1.23% Li2O from 157.0m)
- RL-22-0387: 9.8m @ 1.30% Li2O from 31.7m
- RL-22-0499: 7.2m @ 1.31% Li2O from 90.6m (incl. 3.2m @ 2.78% Li2O from 90.6m)
- RL-22-0501: 8.4m @ 1.23% Li2O from 53.7m (incl. 4.3m @ 1.63% Li2O from 56.3m)
- RL-22-0532: 53.2m combined down hole pegmatite intersections, including:
- Maiden Root Mineral Resource Estimate, on track for Q1 2023
- Another 16km of strike at the Root Project as yet untested
Drilling at Root was initially focussed on the McCombe LCT pegmatite system, targeting rapid delineation of a maiden Mineral Resource Estimate, exploration has now been expanded to the Morrison prospect, situated 1 km east. An aggressive drill program is actively underway with two drill rigs working day and night shifts at the Root Project.
“Morrison is the second target on the Root Project that hosts multiple lithium bearing pegmatites and it’s great news to receive a near surface 10m wide Spodumene intercept from the very first hole”
- GT1 Chief Executive Officer, Luke Cox
McCombe Deposit (Root Project)
The McCombe LCT (Lithium-Caesium-Tantalum) pegmatite is currently the most advanced prospect at the Root Project. Historical drilling completed by previous owners from 1950 to 2016 intersected numerous pegmatites, generally dipping to the south and striking east-west. Drilling by GT1 has now demonstrated McCombe to be a simpler mineralised system consisting of:
- one major pegmatite averaging 10m true thickness (ranging 2m to 19m), striking east-west with shallow dip approximately 30 degrees to the south, open along strike and down dip
- four pegmatites striking north-east with shallow to moderate dip to the south located in the northeast quadrant, all open along strike and down dip (see figure 2 cross section for geospatial location)
- all pegmatites appear to be connected and truncate against each other, forming a swarm
- there are several drill intersections that haven’t been assigned to a pegmatite (wireframe) allowing further potential for additional pegmatite discoveries within the system.
Figure 1: Plan view of McCombe interpreted pegmatite, thickness, and recent assays (cross section A-B)
Phase 1 drilling at McCombe has been completed, comprising of twenty-two (22) resource definition diamond holes with assays returned for all holes intersecting thick and continuous high grade spodumene pegmatites from surface. The Phase 1 drilling has delineated, extended, and simplified the historical mineralised pegmatites in all directions, Phase 2 drilling now underway will continue to explore the pegmatites along strike and down dip in the coming weeks for incorporation into the maiden Mineral Resource Estimate.
Click here for the full ASX Release
This article includes content from Green Technology Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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