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- Green Technology Metals (GT1) intersects lithium bearing pegmatites in its first hole drilled at the North Aubry deposit within its Seymour Project in Ontario, Canada
- Drilling returned a thick and continuous intercept of 40 metres at 1.54 per cent lithium oxide from 244 metres downhole
- The company aims to aggressively expand the existing Seymour mineral resource estimate, with the phase one program expected to be completed during March
- A second drill hole of the program is now in progress, with a second diamond drill rig on site, ready to operate next week
- Green Technology Metals was up 8.84 per cent to 98.5 cents at 10:28 am AEDT
Lithium explorer Green Technology Metals (GT1) has intersected lithium-bearing pegmatites in its first hole drilled at the North Aubry deposit within its Seymour Project in Ontario, Canada.
Assay results were returned to the company for its first hole drilled as part of a phase one diamond drilling program at the deposit.
The program consisted of eleven holes drilled for around 3500 metres to evaluate the potential along-strike and down-dip extensions of the North Aubry deposit, which are currently open and untested.
Drilling returned a thick and continuous intercept of 40 metres at 1.54 per cent lithium oxide from 244 metres downhole.
“The results returned from our maiden hole at Seymour represent an excellent start to the Phase 1 diamond program,” Chief Executive Officer Luke Cox said.
Green Technology Metals said this result represents an excellent start to its drilling program, delivering the potential for growth in the existing mineral resource estimate of 4.8 megatonnes at 1.25 per cent lithium oxide.
The company said its phase one drilling is seeking to aggressively expand the existing Seymour mineral resource estimate, with the program expected to be completed during March.
“By intersecting 40 metres thick lithium bearing pegmatite in this area, at such a good grade, the result presents strong evidence of the latent high-grade extensional potential of the North Aubry, and broader Seymour, system,” Mr Cox said.
“Such sustained thickness down-dip also significantly enhances the potential mining economics at Seymour.”
The second drill hole of the program is now in progress, with a second diamond drill rig on-site and ready to begin operating next week.
Green Technology Metals was up 8.84 per cent to 98.5 cents at 10:28 am AEDT.
