Rock Tech Receives Data from KBM Resources Group for LiDAR Survey at Georgia Lake
22 Juillet 2019 - 12:00PM
Rock Tech Lithium Inc. (the "Company" or “Rock
Tech”) (TSX-V: RCK; Frankfurt: RJIB) is pleased to announce that,
further to a news release on June 17, 2019, it has received the
data from KBM Resources Group (“KBM”) who completed a LiDAR and
high-resolution imagery survey at its 100%-owned Georgia Lake
lithium project in Ontario, Canada.
The aerial acquisition of LiDAR and digital photography covered
the Nama Creek main zone and nearby regions of the Georgia Lake
lithium project owned by Rock Tech. The LiDAR survey had a
relatively high resolution of 10 laser points per square metre and
has an absolute accuracy of 10 cm vertical and 20 cm
horizontal.
“This high-resolution imagery is very valuable and will be used
to finalize our project footprint and optimize access roads and
infrastructure planning, including the locations of surface and
processing facilities and tailings ponds,” said Dirk Harbecke, Rock
Tech’s chairman. “Over 200 GB of DEM, LAS and TIFF files with
classified ground points, including a bare earth model and
georeferenced orthoimagery, have been received and are undergoing
additional interpretation and compilation.”
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/bea221d9-1d04-4851-83ea-1ee52552af6a
All aerial survey and analysis work on this project were
completed by qualified KBM personnel. Acquisition was done with
KBM-owned equipment including aircraft. Processing and quality
control were completed at KBM’s Thunder Bay location that is
equipped with state-of-the-art hardware and software.
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.
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