Green Technology Metals Increases Resource and Confidence Level at Root Bay
THE DRILL SERGEANT: Green Technology Metals (ASX: GT1) entered the South-West Connect ASX Showcase with a confident stride after announcing an updated Mineral Resource Estimate (MRE) for the company’s 100 per cent-owned Root project in Ontario, Canada.
Green Technology Metals increased the Root Bay Lithium Mineral Resource Estimate (MRE) by 25 per cent, taking it to 10.1 million tonnes at 1.29 per cent lithium oxide (Li20).
The new figures increase the company’s global resource inventory in Ontario that includes its flagship Seymour project to 24.5 million tonnes at 1.14 per cent Li20.
Of note is 93 per cent of the Root MRE sitting in the higher confidence, Indicated JORC category.
“We are pleased with the recent 25 per cent increase in the Mineral Resource Estimate at the Root Bay deposit, especially within the higher confidence, Indicated category,” Green Technology Metals CEO Luke Cox said in the company’s ASX announcement.
“This significant update has propelled Root Bay to become the largest GT1 deposit and still hosts significant down dip extensions that haven’t been included in this update.
“This accomplishment underscores the substantial growth and potential that our projects hold.
“We still have a lot of ground to cover and with time, we will continue increasing our resource base with extensive exploration programs across our highly prospective projects with our primary focus currently on the down dip, eastern and western sides of Root Bay, where we anticipate further exciting developments.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE