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Strategic Expansion of Project Portfolio - Rock Tech Signs Letter of Intent to Acquire Brine Targets in Mexico
Strategic Expansion of Project Portfolio - Rock Tech Signs Letter of Intent to Acquire Bri...
About this update from Rock Tech Lithium Inc.
[{"type":"text","content":"\n\n\n\nStrategic Expansion of Project Portfolio - Rock Tech Signs Letter of Intent to Acquire Brine Targets in Mexico\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, Feb. 20, 2018\n\n\n\nVANCOUVER, Feb. 20, 2018 /CNW/ - Rock Tech Lithium Inc. (the \"Company\" or \"Rock Tech\") [TSX-V: RCK; Frankfurt: RJIB (WKN: A1XF0V)] is pleased to announce that it has entered into a Letter of Intent (\"LOI\") to acquire, through its wholly-owned subsidiary, Minerales de Baterias SA de CV, a 100% interest in the Nogalito lithium property in Sonora, Mexico.\n\n\n \n \n\n \nMartin Stephan, Chief Executive Officer of Rock Tech, commented, \"Our Georgia Lake lithium property remains our priority. Hard rock lithium projects need less time, in general, to go into production than brine lithium projects. However, we are very bullish over the long-term for the battery metals sector, particularly lithium. For our shareholders, the Nogalito lithium project represents a low-cost option on a lithium brine target over the medium-term. We are following the best-practice of the industry leaders, to combine hard-rock and brine deposits in a broader portfolio and intend to acquire selected additional brine deposits in the coming months.\"\n\nThe Nogalito property is located in a Tertiary age geologic basin with favourable felsic volcanics, sandstones and siltstones in a volcanoclastic and tuff basinal sequence comprised of lithium-bearing clay horizons, volcaniclastic sediments, clayey sandstones and sandy and calcareous sediments. These are in a fault-bounded graben that contains the known lithium in a basin of approximately 16 kilometers long by 5 kilometers wide. The region is geologically similar in nature to deposits in Chile, Argentina and Nevada with lithium in volcanic rocks around the basin presenting the potential for brine-based lithium discoveries.\n\nExploration work previously conducted by US Borax Inc., in 1990, exploring for borate, led to the initial lithium discoveries. The Nogalito property has concentrations of lithium with highly anomalous values up to...