VANCOUVER, Aug. 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 received the lab results for Unconfined
Compressive Strength ("UCS") testwork. The UCS tests were carried
out in DMT GmbH & Co. KG's ("DMT") geotechnical laboratory in
Essen, Germany, as part of its
work on the first-ever Preliminary Economic Assessment ("PEA") at
Rock Tech's flagship Georgia Lake
The UCS tests provide specific geotechnical parameters for the
design of mine layout. As a result, following the standards set by
the International Society for Rock Mechanics, the main rock types
from Rock Tech's Georgia Lake
lithium property can be classified as "strong" to "very strong"
rocks with strength parameters of up to 245 megapascal (MPa).
"The positive results from the UCS tests and the encouraging
hydrogeological results recently announced, represent important
milestones along the path to complete the preliminary economic
assessment at our Georgia Lake
lithium project," commented Martin
Stephan, Rock Tech's CEO. "The positive results from the UCS
tests will now be implemented in the preliminary design of the mine
contemplated in the PEA."
Twelve (12) cylindrical samples from Rock Tech's drill core,
together with two (2) rock samples of pegmatite from the field,
representing the main rock types encountered in the planned mining
area, were submitted to the lab for testing.
The ongoing preliminary economic assessment is based on the
updated and upgraded resource estimate announced on June 27, 2018. The updated and upgraded resource
estimate included the following:
- Measured: 1.89 million tonnes grading 1.04% lithium oxide
- Indicated: 4.68 million tonnes grading 1.00% Li2O;
- Inferred: 6.72 million tonnes grading 1.16% Li2O.
All scientific and technical information in this news release
was reviewed and prepared under the supervision of Karl-Stephan Peters, EurGeol 787, an independent
Qualified Person to Rock Tech.
Additionally, the Company announces the extension of its
technical services agreement with Arriva Management through
December 31, 2018. As partial
compensation for the services to be provided, Arriva will receive
$39,000 worth of common shares of the
Company, paid in tranches after services have been rendered. The
agreement and the issuance of the common shares are subject to the
approval of the TSX Venture Exchange.
About DMT GmbH & Co. KG
DMT is a global consortium, providing interdisciplinary services
in the Mining, Oil & Gas, Civil Engineering &
Infrastructure and Plant Engineering markets with a client roster
that includes Anglo American, BHP
Billiton, OMV, E.ON, Schlumberger, De Beers and leading institutes
such as The World Bank and the Asian Development Bank. DMT occupies
30 offices worldwide and belongs to the German certification agency
TÜV NORD GROUP. To date, DMT has completed several thousand
projects in over 150 countries, working in over 25 countries in a
About Rock Tech Lithium:
Rock Tech Lithium is an exploration company focused on acquiring
and exploring properties in the field of lithium and other selected
battery metals. The Georgia Lake Lithium project aims to develop a
lithium-rich pegmatite vein deposit for the purpose of mining. The
deposit was discovered in the Thunder Bay Mining district in
northwestern Ontario/Canada, close
to the Lake Superior, as early as
1955. Rock Tech Lithium has been working increasingly on the
property since 2016 – in a market environment, where the trend for
electric cars on the international market has been rising steeply
for years. Analysts expect that more than 25% of newly sold cars in
2025 will be electrified, with the demand for batteries and
therefore battery metals such as lithium expanding rapidly.
On behalf of the Board of Directors of the Company,
Director, Chief Executive Officer
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 release.
Statements included in this announcement, including statements
concerning our plans, intentions and expectations, which are not
historical in nature are intended to be, and are hereby identified
as, "forward‐looking statements". Forward‐looking statements
may be identified by words including "anticipates", "believes",
"intends", "estimates", "expects" and similar expressions.
The Company cautions readers that forward‐looking statements,
including without limitation those relating to the Company's future
operations and business prospects, are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those indicated in the forward‐looking statements.
SOURCE Rock Tech Lithium Inc.