Vancouver, BC, January 31, 2023 /CNW/ – Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the “Company” or “Rock Tech”) is pleased to announce the positive results of a summer exploration program that identified three new spodumene-pegmatite prospects. The program culminates in the summer of 2022 with 100% ownership of the Lake Georgia lithium project by the Thunder Bay Mining District. Ontario (Lake Georgia Project).
Rock Tech is pleased to announce positive results of outcrop samples collected at its 100% owned Lake Georgia project. The Georgia Lake Project He was confused And Beardmore, Ontario It consists of 1,042 hectares of mineral leases and 5,686 hectares of mineral claims. The samples were collected in It is an extensive field exploration program completed between July and September 2022. Work includes prospecting and mapping spodumene-bearing pegmatites in unexplored areas adjacent to the deposits on the Lake Georgia property.
Three new prospects, hereafter Line 20, Camp 38 and Conway East It was identified based on survey results of samples collected from different locations (see Figure 1 and Table 1 below for location and survey results of individual samples). Additional drilling and drilling will be used to accurately determine the dimensions of the spodumene-pegmatites, but the current low interpreted strike – 20 to 100 meters for the line and 38 to 500 meters for the camp. Conway East. Rock Tech plans to conduct a drilling program in the summer of 2023 to follow up on the positive appraisal results.
Commenting on the results of the 2022 Summer Exploration Program, Robert McDonaldGeneral Manager of the Lake Georgia project, “RockTech is pleased with the results of the summer exploration program and we are encouraged by the continued potential of the Lake Georgia project. RockTech currently plans to pursue our 2023 exploration program based on these encouraging results.”
Figure 1 | Map showing summer 2022 field exploration samples and results at RockTech’s Georgia Lake project. The dark gray contour lines represent wells completed by AMC ConsultingCanadaLtd. as part of a pre-feasibility study completed in the fourth quarter of 2022.
Table 1 | Summary of critical analysis results for samples collected during the 2022 summer exploration program. GPS locations are in UTM NAD83 zone 16N.
Sampling and QAQC process
During the investigation, representative samples were taken for each pegmatite site. Each sample was placed in its own plastic sample bag with a sample tag and sealed with a zip tie. About 13% of the samples submitted to Active Laboratories Ltd (“Actlabs“) QAQC samples for analysis were added to the sample stream and included high and low lithium levels, blanks, and duplicates. Samples were sent to Actlabs’s preparation laboratories. Thunder Bay, Ontario They were sent to the Actlabs Geochemistry Laboratory for crushing and grinding. Ancaster, Ontario To analyze. Lithium analysis was accomplished using sodium peroxide synthesis and ICP-OES. Actlabs is independent of the company.
Scientific and technical description
The scientific and technical disclosures included in this news release have been reviewed and approved Emmanuel Bain, P.Geo., Chief Exploration Geologist, Lake Georgia Project, Qualified Person in National Instrument 43-101 Disclosure Standards for Mining Projects. Exploration data is collected and validated following the guidelines outlined in the CMM Mining Best Practices Guide.
About rock tech
Rock Tech is a refining company with a mission to produce lithium hydroxide for EV batteries. The company plans to build lithium converters at its customers’ doorsteps to ensure supply chain transparency and timely delivery. Rock Tech has assembled one of the strongest teams in the industry to close the most pressing gap in clean mobility history. The company has adopted strict ESG standards and is developing a proprietary refining process aimed at increasing efficiency and sustainability. Rock Tech plans to get raw materials from its own mining project Canada Also by purchasing from other responsibly sourced mines. In the coming years, the company expects to source raw materials from discarded batteries. Rocktech’s goal: to create a closed lithium production system.
Neither the TSX Venture Exchange nor the Regulation Service Provider (as that term is defined in the TSX Venture Exchange Policies) accepts responsibility for the adequacy or accuracy of this release.
A cautionary note regarding forward-looking information
The following cautionary statements are in addition to the cautionary statements and disclaimers included or referred to elsewhere in this press release.
Certain information contained in this press release constitutes “forward-looking information” (“forward-looking information”) within the meaning of applicable Canadian securities laws based on RockTech’s current expectations, estimates and assumptions. And it is an understanding of historical trends. All statements other than statements of historical fact may be forward-looking information. Forward-looking information can often be identified by using words or phrases such as “estimate,” “project,” “anticipate,” “anticipate,” “expect,” “believe,” “expect,” “may” and the like. Similar expressions, as well as “will”, “will” and all others that indicate the future. All forward-looking information contained in this press release is qualified in its entirety by the cautionary statements contained in this section.
In particular, forward-looking information included in this press release includes: the summer 2023 drilling program and statements regarding the objectives, results and benefits of Route 20, Camp 38 and Conway East, the company’s development and timing of the summer 2023 exploration program on the Georgia Lake Project. Regarding existing objectives and future plans, activities and programs related to such projects and related development; Rock Tech’s opinions, beliefs and expectations regarding the Company’s business strategy, development and exploration opportunities and projects; and management plans and objectives for the company’s operations and assets.
Forward-looking information is based on certain assumptions, estimates, expectations and opinions of the Company and, in some cases, third-party experts that are believed to be reasonable at the time they were created by Rock Tech management. This forward-looking information is derived using, among other things, a number of assumptions that indicate the future results of the exploration program results. that the Road Feasibility Study (DFS) will proceed as currently planned, the supply and demand, availability, and price level and volatility of feedstock and intermediate and final lithium products, that all necessary regulatory approvals and licenses can be obtained in a timely manner under the necessary conditions; expected growth, performance and business operations; future commodity prices and exchange rates; Prospects, growth opportunities and financing available to the company; general business and economic conditions; costs and results of exploration, development and operating activities; Rock Tech’s ability to obtain supplies and other equipment necessary for its business; and the accuracy and reliability of technical data, forecasts, estimates and studies. The foregoing list is not exhaustive of all assumptions that may have been used to develop forward-looking information. Although Rock Tech believes these estimates are reasonable based on current information, they may prove to be incorrect. Forward-looking information should not be read as a guarantee of future performance or results.
In addition, forward-looking information includes known and unknown risks and uncertainties and other factors, many of which are beyond Rock Tech’s control, that could cause Rock Tech’s actual events, results, performance and/or achievements to differ materially. expressed or implied by such forward-looking information. Risks and uncertainties that could cause actual events, results, performance and/or earnings to differ materially include the risk that Rock Tech will be unable to meet its financial obligations due to default, delays in government construction and commissioning. Georgia Lake Project, changes in commodity prices, RockTech’s ability to retain and attract skilled workers and supply of feedstock from third-party suppliers, unforeseen events and other difficulties related to construction, conversion and mine construction, development and operations, the cost of compliance with current and future environmental and other laws and regulations, title defects, competition from existing and new competitors, currency changes and the market value of RockTech’s securities, RockTech’s bankruptcy history, the effects of climate change and other risks and uncertainties in RockTech’s recent management discussion and analysis, a copy of which is available electronically Road is registered through SEDAR and is available online at www.sedar.com. Such risks and uncertainties do not represent an exhaustive list of the risk factors that could cause actual events, results, performance and/or achievements to differ materially from forward-looking information.
There can be no assurance that actual events, results, performance and/or achievements will be materially different from forward-looking information and management’s estimates. This forward-looking information reflects the current views of Rock Tech’s management as of the date of this press release. Except as required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility, obligation or duty to update or revise any forward-looking information to reflect any changes, whether through new information, future events or otherwise. ROCK TECH’S EXPECTATIONS OR ANY CHANGES IN THE EVENTS, CONDITIONS OR CONDITIONS ON WHICH SUCH INFORMATION IS BASED.
The forward-looking information contained herein is provided for the purpose of helping readers understand Rock Tech’s plans, objectives and goals and is not relevant for any other purpose.
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Source Rock Tech Lithium Inc.
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