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- Green Technology Metals (GT1) recommences drilling at its Seymour lithium project in Ontario, Canada
- The company kicked off diamond drilling in early June at the North Aubry deposit, with two holes already completed
- One of these holes intersected 17.9 metres of spodumene-bearing pegmatite from 218 metres downhole
- Meanwhile, the company says it is looking to recommence drilling at the Pye prospect in the coming days
- GT1 shares are up 12 per cent and trading at 56 cents at 1:11 pm AEST
Green Technology Metals (GT1) has recommenced drilling at its Seymour lithium project in Ontario, Canada.
The company commenced diamond drilling in early June at the North Aubry deposit, with two holes already completed.
One of these holes intersected 17.9 metres of spodumene-bearing pegmatite from 218 metres downhole.
GT1 said this intersection was considerably thicker than modelled and significantly increased the project’s mineralised volumes at the deposit.
The second hole returned 18.6 metres of spodumene-bearing pegmatite from 312 metres, plus a further 6.41-metre pegmatite interval 60 metres above the main zone.
Green Technology CEO Luke Cox said the company was off to a great start with the resumption of drilling at Seymour following the winter thaw period.
“The first step-out hole at North Aubry has intersected a significant spodumene-bearing pegmatite interval, which was considerably thicker than we had modelled,” he said.
“This is expected to significantly increase the mineralised volumes in this targeted strike extension and deliver growth in our recently-released interim mineral resource estimate at Seymour.”
GT1 said it was continuing to step out to the north at North Aubry, targeting further strike extensions.
Additionally, the company is looking to recommence drilling at the Pye prospect in the coming days.
“The geology at Pye remains a huge prospect for us and we are looking forward to advancing our systematic target drilling of this zone,” Mr Cox said.
GT1 shares were up 12 per cent and trading at 56 cents at 1:11 pm AEST.
