Green Technology Metals (ASX:GT1) - CEO, Luke Cox
CEO, Luke Cox
Source: Luke Cox/LinkedIn
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  • Green Technology Metals (GT1) receives assays from a further six holes from the phase one drilling program at the North Aubry deposit within its Seymour Project in Canada
  • This drilling was designed to evaluate the potential along strike and down-dip extensions of North Aubry that were open and untested
  • All of the holes intersected pegmatites along strike and down-dip as well as up to 2.95 per cent lithium oxide
  • Once all results have been received, they will be incorporated into an updated mineral resource estimate for Seymour which is scheduled for completion in Q2 2022
  • Shares in GT1 are down 3.14 per cent on the market and are trading at 92.5 cents

Green Technology Metals (GT1) has received assays from a further six holes from the phase one step-out drilling program at the North Aubry deposit.

The North Aubry deposit is part of GT1’s flagship Seymour Project which lies in Ontario, Canada.

This phase one drilling was designed to evaluate the potential along strike and down-dip extensions of North Aubry that were open and untested. A total of 16 diamond holes, for 5826 metres, were drilled.

All of the holes intersected pegmatites along strike and down-dip with the thickness of the intercepts ranging up to 42.7 metres.

New results include 19.2 metres at 2.20 per cent lithium oxide including 9.7 metres at 2.95 per cent lithium oxide, and 10 metres at 1.89 per cent lithium oxide from 313 metres including 5.3 metres at 2.85 per cent lithium oxide.

While all results are yet to be received, those received to date suggest continuous mineralisation to depth with significant widths and lithium grades.

Once all results have been received, they will be incorporated into an updated mineral resource estimate for Seymour which is scheduled for completion in Q2 2022.

Furthermore, phase two and phase three drilling has already begun at the Central Aubry zone and the Pye prospect.

“The phase one drilling program at Seymour continues to deliver excellent outcomes. The latest set of assays have returned further thick, high-tenor intercepts that significantly extend the known boundaries of the North Aubry deposit,” CEO Luke Cox said.

“These results are expected to drive a substantial increase to the existing Seymour resource this quarter. Both the northern and down-dip extents of the North Aubry
pegmatite are also open to further expansion, which we plan to pursue in the coming months.”

Shares in GT1 were down 3.14 per cent on the market and were trading at 92.5 cents at 12:00 pm AEST.

GT1 by the numbers
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