Green Technology Metals Continues High-Grade Root Bay Lithium Hits

THE DRILL SERGEANT: Green Technology Metals (ASX: GT1) released new lithium assay results from the Root Bay prospect at the company’s 100 per cent-owned Root project in Ontario, Canada.

The Root project is located some 200 kilometres west of the company’s flagship Seymour project that has an existing Mineral Resource Estimate (MRE) of 9.9 million tonnes at 1.04 per cent lithium oxide (Li2O) (comprised of 5.2Mt at 1.29 per cent Li2O Indicated and 4.7Mt at 0.76 per cent Li2O Inferred).

The Root project has an Inferred MRE of 4.5 million tonnes at 1.01 per cent Li20.

Green Technology anticipates a maiden MRE from Root Bay will add to the current 14.4 million tonnes JORC Resource base across its tenure.

New assay results from Root Bay drilling have demonstrated high-grade quality pegmatites and include:

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16.8 metres at 1.57 per cent Li2O from 152.4m;

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16.5m at 1.55 per cent Li20 from 254.6m;

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15.4m at 1.65 per cent Li20 from 37.1m;

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7.8m at 1.61 per cent Li20 from 216.9m;

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5.9 at 1.59 per cent Li20 from 5.6m; and

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5.9m at 1.46 per cent Li20 from 257.7m.

“Root Bay has returned some of the highest-grade results from any of our projects to date with results now indicating significant potential for a maiden mineral resource estimate from the initial 37-hole diamond drill program,” Green technology Metals chief executive officer Luke Cox said in the company’s ASX announcement.

“We are now working on determining how big the resource potential is at the prospect area and look forward to sharing the results.

“Due to the success of the maiden drilling program, we will now commence infill drilling at Root Bay earlier than planned with two drill rigs mobilised to the project area, ready to commence next week, which will run parallel to the large-scale field exploration program that is currently underway at Root.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE