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Rock Tech Increases Lithium Tonnage at Georgia Lake by more than 40% in preparation of Preliminary Economic Study - Measured and Indicated Resources more than doubled
Rock Tech Increases Lithium Tonnage at Georgia Lake by more than 40% in preparation of Pre...
About this update from Rock Tech Lithium Inc.
[{"type":"text","content":"\n\n\n\nRock Tech Increases Lithium Tonnage at Georgia Lake by more than 40% in preparation of Preliminary Economic Study - Measured and Indicated Resources more than doubled\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, June 27, 2018\n\n\n\nVANCOUVER, June 27, 2018 /CNW/ - Rock Tech Lithium Inc. (the \"Company\" or \"Rock Tech\") [TSX-V: RCK; Frankfurt: RJIB (WKN: A1XF0V)] is pleased to announce that DMT GmbH & Co. KG (\"DMT\") has completed a NI 43-101 Technical Report (the \"Technical Report\") following the decision of reassessing the resource potential at Rock Tech's flagship 100%-owned Georgia Lake lithium property in the Thunder Bay Mining District of Northwest Ontario, Canada.  \n\n\n \n \n\n \nThe updated resource estimate contained in the Technical Report represents both an increase in total tonnage and an upgrade in resource classification relative to the previous NI 43-101 resource estimate released in 2012. The updated resource estimate, which is the first result of the assistance of German DMT Group with the aim of mining lithium, is as follows:\n\n\nMeasured Resources: 1.89 million tonnes @ 1.04% lithium oxide (\"Li2O\");\nIndicated Resources: 4.68 million tonnes @ 1.00% Li2O;\nInferred Resources: 6.72 million tonnes @ 1.16% Li2O.\n\n\"We are extremely pleased and excited to announce an updated resource estimate, including the first-ever 'measured' resource for our Georgia Lake lithium project,\" said Martin Stephan, Chief Executive Officer of Rock Tech. \"And we are very happy in the current market environment that we own a hard rock pegmatite project. The increased resource tonnage and upgraded resource classification bolster our confidence in the future prospects and the economic feasibility of our flagship property. The new lithium-bearing pegmatite discoveries made during the 2016 and 2017 field programs have not even been included in the updated resource estimate and demonstrate the significant upside that still remains at Georgia Lake.\"\n\n\"Rock Tech has made significant investment in exploring and developi...