Green Technology Metals Increases Canadian Lithium Footprint

THE BOURSE WHISPERER: Green Technology Metals (ASX: GT1) announced an increase to its landholding in Ontario, Canada.

Green Technology Metals completed the acquisition by way of its wholly owned subsidiary Lithium Triangle Resource, increasing its tenement base from 9,467 hectares to 35,576 hectares through execution of multiple option agreements and tenement pegging activities.

The new landholdings surround GT1’s existing projects, Seymour and Root, as well as being in a new project area named Allison and select other project areas (Pennock Lake, Root Bay, Superb Lake and Gathering Lake).

As a result, GT1 has entered binding option agreements with two unrelated parties to acquire claim packages in the Allison area.

The Allison Batholith is a multiphase intrusion that has previously been identified as prospective for evolved LCT type pegmatites.

GT1 has also entered into an option agreement with Solstice Gold Corporation (CVE: SGC) to acquire 31 mining claims across four locations: Pennock Lake, Root Bay, Superb Lake and Gathering Lake.

The company explained that all the newly pegged and optioned tenements have been ranked based off prospective geological setting plus any observed pegmatite widths and lithium grades.

GT1 indicated it plans to undertake a systematic evaluative approach to exploration of these new areas, alongside rapid advancement of its core Seymour, Root and Wisa projects, in keeping with its focus on building a sustainable, North American focussed lithium production business.

 

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Web: www.greentm.com.au