THE DRILL SERGEANT: Green Technology Metals (ASX: GT1) received more assay results from a Phase 1 diamond drilling program underway at the company’s Seymour lithium project in Ontario, Canada.
Green Technology Metals said the Phase 1 drilling program of 16 diamond drill holes was designed to evaluate potential along-strike and down-dip extensions of the North Aubry deposit that were open and untested.
Drilling returned high-grade extensional intercepts, including:
10.5 metres at 1.77 per cent lithium oxide (Li2O) from 123.2m, including 7m at 2.11 per cent Li2O;
18.2m at 1.1 per cent Li2O from 304.2m, including 3.1m at 2.05 per cent Li2O; and
4.5m at 0.61 per cent Li2O from 250.7m, including 2.5m at 1.01 per cent Li2O.
Green Technology has already commenced further northern step-out drilling of the North Aubry deposit with hole GTDD-22-0320 intercepting 10.7m of pegmatite demonstrating visible spodumene (assays pending), extending the known North Aubry pegmatite a further 150m down-dip from the nearest intercept.
The company declared the results from the Phase 1 drilling indicate substantial potential upside to the existing Seymour Mineral Resource estimate of 4.8 million tonnes at 1.25 per cent Li2O.
With that in mind, an updated Mineral Resource estimate for Seymour is on track for completion during Q2 CY2022.
“In total, the Phase 1 drilling program at Seymour has been highly successful,” Green Technology Metals chief executive officer Luke Cox said in the company’s ASX announcement.
“The results are expected to drive a substantial increase to the existing Seymour resource this quarter.
“We are also pleased to have commenced further northern and down-dip extensional drilling of the North Aubry pegmatite so rapidly.
“The initial result from hole GTDD-22-0320 offers further immediate potential to positively impact on mineralised pegmatite extents and volume.”
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