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Thursday, 11 October 2012
Rock Tech Lithium's CEO resigns, Pirzada named interim CEO
Rock Tech Lithium (CVE:RCK) said Wednesday chief executive Eunho Lee resigned, while board directors promoted Afzaal Pirzada to take the helm on an interim basis.
Pirzada, a professional geologist, will also keep his duties as vice president of exploration until a permanent candidate is found. The company did not provide any details on Lee's departure.
On October 1, the company announced it launched a 3,000 metre drill program at its Lochaber graphite property, in Quebec.
The program's impetus is to test ground geophysical survey targets on the acreage. The survey found several graphite exploration targets, which the company announced on September 24.
Rock Tech is a Canadian junior resource mining company, focused on acquiring, exploring and developing lithium and rare metals properties.
The company holds 100 per-cent stakes in three lithium properties: the Georgia Lake project in the Thunder Bay Mining District of Northwestern Ontario, the Kapiwak project in the James Bay Region of northern Quebec.
It also owns the Lacorne project that surrounds Canada Lithium's lithium mine in the Val d’Or mining district of eastern Quebec.
The company released the statement after markets closed on Tuesday. Shares fell 9.09 per cent to five cents each on the TSX Venture Exchange on Wednesday.