Rock Tech Covers Transportation Corridor Linking to Provincial Highway
June 12 2019 - 8:00AM
Rock Tech Lithium Inc. (the "Company" or “Rock
Tech”) (TSX-V: RCK; Frankfurt: RJIB) is pleased to announce that it
has staked additional claims at its 100%-owned Georgia Lake lithium
project in Ontario, Canada.
The Company has staked thirteen (13) claim units covering the
transportation corridor along the Nama Creek Road from the Main
Zone to Provincial Highway 11. The Nama Creek road provides easy
access to the Nama Creek Main Zone which hosts the bulk of the
lithium resources defined to date. The western boundary of the
property is just 5 kilometres from Provincial Highway 11, a strong
competitive advantage compared to peers.
“The Georgia Lake lithium project is endowed with world-class
infrastructure,” said Dirk Harbecke, Rock Tech’s chairman. “Staking
the transportation corridor, a 5 km route from our main resource
zone to the Provincial Highway, protects this access route as we
finalize our project footprint.”
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c8e5f1bd-96ed-449e-9513-3bdfed3078fa
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 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 hosting less than 80%
of total defined resources, was published in October 2018.
Highlights from the PEA included an NPV of $312 million and an IRR
of 62.2%.
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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