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Thursday, 30 August 2012
Rock Tech Lithium wraps up Georgia Lake field program, updated resource expected soon
Rock Tech Lithium (CVE:RCK) said yesterday evening that it has completed its field exploration program at its Georgia Lake lithium project in Ontario.
The aim of the campaign was to update the NI 43-101 compliant resource estimate announced in July, which included 720,000 tonnes at 1.05% lithium oxide in the indicated category, and 8.8 million tonnes at 1.03% lithium oxide in the inferred category.
The focus of the field program was the Nama Creek Main Zone North pegmatites, and included mapping, re-logging the drill cores collected during the first two phases of the Georgia Lake exploration program, and re-confirming the mineralogy.
The company said Caracle Creek International Consultants supervised the field program and is currently interpreting the exploration data and updating the resource estimate.
The consulting company has created an exploration database including assays and drill core lithology and rock outcrops, which have been linked directly to the geological modeling and resource estimation software.
An updated NI 43-101-compliant resource estimate will be released in the coming weeks, Rock Tech said.
Also late Wednesday, the company cancelled the option agreement signed earlier this year with Lithea Inc to purchase a 100 per cent stake in two lithium brine projects located in northwest Argentina.
"Management made the decision to continue to focus on developing its Georgia Lake lithium project and its recently acquired graphite project (Lochaber Graphite Project) in the Buckingham area of western Quebec," it said in the statement.
Rock Tech's focus is developing mineral projects for the high tech battery sector.