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MetalsTech Ltd (MTC.AX) Up to 5.58% Li2O in Drill Target Zone at Cancet Lithium Project
Perth, Australia (ABN Newswire) - Pure play hard-rock spodumene-hosted lithium development co...
About this update from Critical Elements Lithium Corporation
[{"type":"text","content":"MetalsTech Ltd (MTC.AX) Up to 5.58% Li2O in Drill Target Zone at Cancet Lithium Project\nPerth, Australia (ABN Newswire) - Pure play hard-rock spodumene-hosted lithium development company, MetalsTech Ltd (ASX:MTC) is pleased to announce exceptional results from a detailed surface channel sampling program in high priority drill target zones at the Company's 100%-owned Cancet Lithium Project in Quebec, Canada. Highlights: - 5-day trenching / channel sampling program at high priority drill target zones has been completed at the Company's flagship Cancet Lithium Project - Current outcropping spodumene-bearing pegmatite has been mapped and sampled over an approximate 1km strike length and an approximate 16 metre width - Outcropping spodumene-bearing pegmatite remains open across width and along strike - Three spodumene-bearing pegmatite outcrops were trenched and channel sampled resulting in the collection of 26 samples - CH16-01 was 12.8m in length including intervals of 1.71% Li2O, 2.35% Li2O, 3.08% Li2O and 4.95% Li2O - CH16-02 was 10.6m in length including intervals of 1.19% Li2O, 2.11% Li2O and 2.50% Li2O - CH16-03 was 4.1m in length including intervals of 1.22% Li2O, 2.54% Li2O, 3.55% Li2O and 5.58% Li2O - Elevated Ta2O5 across the majority of the identified mineralisation - Average Li2O across all channels measured higher than the major lithium deposits in Quebec - 4,000m diamond core drill program planned targeting resource definition, anticipated to commence on or about 15 March 2017 Commenting on the results, Executive Director Mr Gino D'Anna stated: \"We have identified very high grade lithium mineralisation in pegmatite at Cancet which is accessible immediately from surface. The mineralised zones are open across width and along strike, which leads us to believe the ore body has significant resource potential. It is immediately adjacent to a major highway and high voltage power lines in a jurisdiction that has recently permitted several lithium mines. If the upcoming drill program meets our expectations, Cancet will be fast-tracked for development and MetalsTech will prioritise the delivery of a maiden resource and scoping study.\" Exploration Program The detailed trenching and channel sampling program was completed by Dahrouge Geological Consultants and was undertaken by a crew of two geologists over five days. The Cancet...