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Sep. 9, 2009 (TheNewswire.ca) --
Vancouver, British Columbia, Canada, September 9, 2009 - Rock Tech Resources Inc. (OOTC:RCKTF) (TSXV:RCK) (TSX-Venture: RCK; Frankfurt: RJIA)(the "Company" or "Rock Tech") is pleased to provide an update to its June 24th, 2009 news release during which time the Company announced the acquisition of mineral claims in the James Bay area of Quebec, Canada.
The Company has acquired a 100% interest in 123 map designated claims covering 15,898 acres (6,433.7 hectares) of a prospective lithium property. An initial evaluation of the geological data indicates that Rock Tech's James Bay lithium property is a promising exploration area for spodumene bearing pegmatites, geological conditions favorable for finding lithium, tantalum and other rare earth elements.
The claim map shows that Rock Tech's lithium property is located adjacent to the south of Lithium One Inc.'s (OOTC:LITHF) (TSXV:LI) ("Lithium One") "Cyr Property" (please refer to www.rocktechresources.com to view Rock Tech's James Bay property claims map).
Lithium One is presently carrying out an 11,000 metre extensive drill program in the area immediately to the north of the Rock Tech's James Bay lithium property. In press releases dated February 9th, 2009, Lithium One announced drilling results indicating 18.0 metres of 1.70% Li2O and 7.5 metres of 2.05% Li2O; dated August 10th, 2009 announced 10.5 metres of 2.38% Li2O and 22.5 metres of 1.51% Li2O; and most recently, dated September 2nd, 2009, announced 26.97 metres of 1.76% Li2O, 21 metres of 1.98% Li2O and 23.46 metres of 1.65% Li2O.
The geological map of the area indicates that Rock Tech's James Bay lithium property is underlain by pegmatite dykes which are intruding the host Eastmain River volcano sedimentary rocks, mainly biotite schists, metavolcanics and gneisses. The pegmatite outcrops are mainly exposed in the southern and eastern part of the property. The geological reports of the area indicate that pegmatite dykes generally strike north-east to north-west with dips of 60° or steeper.
Parts of the Company's James Bay lithium property are accessible by a paved highway from the town of Matagami, Quebec, while other areas are accessible through gravel roads and Hydro Quebec power lines. As well, power, water, and fuel services are readily available.
Rock Tech is currently in the process of compiling geological information and developing an exploration program for the property.
Company President and CEO, Paul Chow, commented, "We are very pleased to have acquired a lithium exploration project in an area which is currently very active for lithium and rare earth exploration. The Company will implement a phased exploration program of field geological mapping, ground geophysical surveys and diamond drilling, if warranted. This project provides a strong foundation for building Rock Tech Resources as a lithium exploration company."
Technical information in this news release has been reviewed by Afzaal Pirzada, P.Geo., Vice President, Exploration of the Company and a Qualified Person as defined in NI 43-101.
ABOUT ROCK TECH RESOURCES INC.
Rock Tech Resources Inc. (TSX-Venture: RCK; Frankfurt: RJIA) is a Vancouver based publicly traded Canadian company with the objective of creating shareholder value through acquisition and development of mineral exploration projects. The Company's portfolio of properties includes a 100% interest in vanadium, titanium and iron ore property near Saint-Urbain (Quebec, Canada), and a 100% interest in nickel, copper, Platinum Group of Elements, and uranium property in the Sibley Basin (Ontario, Canada). In addition to these assets, Rock Tech now has a 100% interest in a lithium exploration property in the highly prospective James Bay area of Quebec.
ABOUT LITHIUM
Lithium, as a metal and its compounds, has a wide range of applications in automobile, heat transfer, glass and ceramics, telecommunications, and medical industries. The market for lithium has grown steadily over the past decade, with the main driver of lithium demand being its use in rechargeable batteries (especially in cellphones and laptop computers). Many industry analysts believe that the anticipated growth in the electric vehicle sector (i.e., Toyota Prius, Honda Insight, pending release of Chevrolet Volt and Nissan Leaf), which will require lithium fuel cells, will put a significant strain on current global supply of lithium. Lithium is produced from brines and hard rocks (spodumene bearing pegmatites).
ON BEHALF OF THE BOARD OF DIRECTORS,
Paul Chow
Director, President / CEO
For more information, please contact:
Paul Chow, President / CEO
Rock Tech Resources Inc.
Suite 400, 789 West Pender Street
Vancouver, B.C., V6C 1H2
Telephone: (604) 688-1140
Email: info@rocktechresources.com
Disclaimer and Cautionary Statement Regarding Forward-Looking Information
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 press release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.
Except for historical information contained herein, the statements in this News Release may be forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Rock Tech Resources Inc.'s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of commodity prices, product demand, market competition, and risks inherent in Rock Tech Resources Inc.'s operations. The mineralization reported on the adjacent properties by other operators is not necessarily extending or present on Rock Tech's property.
Rock Tech Resources Inc. seeks safe harbor.
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