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ROK Resources Inc. Announces Results of Second Lithium Test Well in the Mansur Area
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES REGINA, S...
About this update from Rok Resources, Inc. Class B
[{"type":"text","content":"ROK Resources Inc. Announces Results of Second Lithium Test Well in the Mansur AreaNOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATESREGINA, SK / ACCESSWIRE / January 26, 2023 / ROK Resources Inc. (\" ROK \" or the \" Company \") (TSXV:ROK)(TSXV:ROK.WT) is pleased to announce the successful completion of a multi-layer perforation and swab test of a wellbore strategically located on one of Hub City Lithium Corp. (\"Hub City Lithium\") Subsurface Crown Mineral Dispositions located in the Mansur Area of Saskatchewan. Third-party laboratory testing returned lithium concentrations in the Duperow formation of up to 148 mg/l (the \" Test Results \").Test ResultsTarget Duperow IntervalAverage Porosity (%)Zone Thickness (m)Lithium Concentration (mg/l)Wymark C10.411.6147 - 148Wymark E12.74.9101 - 106Wymark B13.816.977Note: Independent laboratory testing was conducted by Isobrine Solutions (Edmonton, Alberta)Cam Taylor, CEO of ROK Resources, commented, \" We have the opportunity to develop one of the highest concentration lithium brines within Canada. This result confirms previous high lithium concentrations identified during initial testing in the Mansur Area. These thick dolomitic reservoirs with lithium concentrations as high as 148 mg/l should give this project a distinct competitive advantage with respect to capital costs and operating costs per tonne.\"Next StepsThe Test Results should allow for the development of a three-layer lithium brine project with high lithium concentrations expected throughout the target intervals. The Company expects to develop the three individual zones utilizing horizontal wellbores.ROK, as manager of operations to Hub City Lithium, is currently finalizing a 43-101 resource report (\" Resource Report \") for the Mansur Area which is expected to be completed during Q1 2023. In parallel with the Resource Report the Company has begun working on the development plan and Preliminary Economic Assessment (\" PEA \") which it expects to complete during Q2 2023. In addition, the Company is currently working with a third-party direct lithium extraction technology provider who is expected to process the Company's brine through a pilot test as early as Q1 2023, which will assist in the PEA.The Company continues to work on testing and evaluating its Viewfield Area which is thirty-five m...