Green Technology Metals Increases Ontario Lithium Mineral Resource

THE DRILL SERGEANT: Green Technology Metals (ASX: GT1) released an updated Inferred Mineral Resource Estimate (MRE) for the company’s 100 per cent-owned Root lithium project in Ontario, Canada.

The updated Inferred MRE for the Root project is 12.6 million tonnes at 1.21 per cent lithium oxide (Li2O) and 62ppm tantalum pentoxide (Ta2O5).

The total MRE incorporates an additional 8.1 million tonnes at 1.32 per cent Li20 from the Root Bay deposit added to the already reported 4.5 million tonnes at 1.01 per cent Li2O from the project’s McCombe deposit.

The Root project is located approximately 200 kilometres from the company’s Seymour project that has an existing MRE of 9.9 million tonnes at 1.04 per cent Li2O (comprised of 5.2Mt at 1.29% Li2O Indicated and 4.7 Mt at 0.76% Li2O Inferred).

“This is just the beginning for our Root lithium project and we are very pleased with ongoing drilling indicating further extension potential along the East-West trend,” Green Technology Metals chief executive officer Luke Cox said in the company’s ASX announcement.

“We still have a lot of untested ground to cover and with time we hope to continue to grow our quality hard rock spodumene lithium resource base in Ontario.

“The Mineral Resource base at Root has now reached critical mass and is transformational for GT1, as it allows us to assess the potential for Root to become a stand-alone project hosting its own concentrator in line with our corporate strategy.”

Green Technology indicated infill drilling will be undertaken to improve the MRE confidence for future economic assessment (i.e. Indicated Resources) as well as to increase overall resource tonnage.

Further studies to support necessary modifying factors will be conducted in concert with the infill drilling.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE