Rock Tech Provides an Update on Start of Initial Baseline Studies Field Work
15 Juillet 2019 - 12:30PM
Rock Tech Lithium Inc. (the "Company" or “Rock
Tech”) (TSX-V: RCK; Frankfurt: RJIB) is pleased to provide an
update on the initial baseline studies announced in news releases
on July 8 and July 10, 2019, led by Northern Bioscience Ecological
Consulting (“Northern Bioscience”) at the Company’s 100%-owned
Georgia Lake lithium project in Ontario, Canada.
Northern Bioscience has conducted a whip-poor-will survey and no
whip-poor-wills were detected. A bat recorder was deployed near the
mine shaft and bird recorders were deployed in three locations
about the property. Additionally, temperature loggers were deployed
at two streams related to fish and aquatic habitat surveys.
“We are pleased that the initial surveys did not detect any
whip-poor-wills, a bird deemed as ‘threatened’ under the Endangered
Species Act,” said Dirk Harbecke, Rock Tech’s chairman. “We look
forward to receiving and reporting additional results from the
initial baseline studies in the near future.”
All scientific and technical information in this news release
concerning the Georgia Lake lithium property was reviewed and
approved by Karl-Stephan Peters, EurGeol 787, a qualified person
(QP) as defined under National Instrument 43-101.
About the Georgia Lake Lithium Project
The Georgia Lake lithium project is a lithium-rich pegmatite
vein deposit with measured and indicated resources of 6.57 million
tonnes grading 1.01% Li2O in addition to inferred resources of 6.72
million tonnes grading 1.16% Li2O. The first PEA for the project,
focused exclusively on the main resource area which hosts less than
80% of total defined resources to date, was published in October
2018. Highlights from the PEA included an NPV of $312 million and
an IRR of 62.2%. While the Georgia Lake lithium project has
received extensive exploration and development investment over the
years, there remains extensive areas for future exploration and
discovery located both within and adjacent to the main resource
area.
On behalf of the Board of Directors,
"Martin Stephan" Martin Stephan Director, Chief
Executive Officer
For further information, please
contact:
Brad Barnett Chief Financial Officer Rock Tech Lithium Inc. 777
Hornby Street, Suite 600 Vancouver, B.C., V6Z 1S4 Telephone: (778)
358-5200 Facsimile: (604) 670-0033 Email:
bbarnett@rocktechlithium.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Statements included in this announcement,
including statements concerning our plans, intentions and
expectations, which are not historical in nature are intended to
be, and are hereby identified as, "forward‐looking
statements". Forward‐looking statements may be identified by
words including "anticipates", "believes", "intends", "estimates",
"expects" and similar expressions. The Company cautions
readers that forward‐looking statements, including without
limitation those relating to the Company's future operations and
business prospects, are subject to certain risks and uncertainties
that could cause actual results to differ materially from those
indicated in the forward‐looking statements.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/070a03e6-3686-4653-81bd-e8d9c9cc86ec
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