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Monday, 1 October 2012
Rock Tech Lithium starts 3,000 metre drill program at Lochaber graphite property
Rock Tech Lithium (CVE: RCK) has started a 3,000 metre drill program at the Lochaber graphite property near Gatineau, Quebec, it said today.
The program will test the ground geophysical survey targets found on the property as announced last week.
The company saw its shares rise last week after saying that a ground geophysical survey found "several graphite exploration targets" at Lochaber.
Rock Tech carried out a 35.17 line-kilometre magnetic survey in addition to 33.7 line-kilometres of horizontal loop electromagnetic (HLEM) surveying in the Plumbago area of the property.
The interpretation of the magnetic survey data outlined “several wide and intense magnetic anomalies”, all of which follow a north-northeast orientation, said Rock Tech, adding that the HLEM survey also mapped five north-south oriented conductors.
“The ground geophysical survey results are a testament to the merit of the Lochaber property,” said president and Rock Tech CEO Eunho Lee, at the time.
Rock Tech said the survey was done on traverses 50-metres spaced, with control-lines 100-metres spaced and oriented north-south.
Earlier in September, the company reported that it had yielded grades of up to 22 per cent graphite from results of surface grab samples at its Lochaber property in Quebec. The majority of the samples were collected from historical graphite occurrences, past producing mines and other areas of past exploration work.
Rock Tech Lithium is a Canadian resource company, focused on acquiring, exploring and developing lithium and rare metals properties.
The company holds 100-per-cent interests in three lithium properties: the Georgia Lake project in the Thunder Bay Mining District of NW Ontario, the Kapiwak project in the James Bay Region of northern Quebec, and the Lacorne project that surrounds Canada Lithium's lithium mine in the Val d’Or mining district of eastern Quebec.
Rock Tech updated its NI 43-101-compliant resource estimate at Georgia Lake last month.
The estimate, based upon the company’s recently-completed field program, phase 1 and phase 2 exploration results and historical exploration data, holds 3.19 million tonnes at 1.10 per cent lithium oxide (Li2O) in the indicated category and 6.31 million tonnes at 1.00 per cent Li2O in the inferred category.