Green Technology Metals Limited (ASX: GT1) has announced a maiden Mineral Resource Estimate (MRE) for its wholly-owned Root Project, located approximately 200km west of the flagship Seymour Project in Ontario, Canada.
Highlights
- Maiden Mineral Resource Estimate of 4.5Mt at 1.01% Li20 and 110ppm Ta2O5 over the first 1.5km strike of the McCombe Deposit, part of the 20km-wide Root Lithium Project in Northwest Ontario, Canada.
- Significant potential for further Mineral Resource growth along strike and down dip at the McCombe Deposit, and across the larger Root project area
- Increase in Mineral Resources to 14.4Mt across two of GT1’s wholly-owned lithium Projects in Ontario
- Further diamond drilling will continue in parallel to the current programs running at Morrison and Root Bay
- McCombe, Morrison and Root Bay now forming 20km corridor of prospective ground for further resource development and currently undergoing drill testing
- Field exploration to commence over expanded exploration area to identify additional priority targets
“This is just the beginning for the Root Project and we are very pleased with the outcome of our maiden Mineral Resource Estimate at Root incorporating just five months exploration at our McCombe deposit with further extension potential,” CEO, Luke Cox, said.
“GT1 has now commenced drilling at two additional target areas, Morrison and Root Bay, which have both continued to intercept significant spodumene mineralization. We remain focussed on delivering further high-grade resource growth over 2023.”
Further Resource Growth Potential
Exploration at the Root project has initially focused on four target areas; McCombe, Morrison, Root Bay and Root Lake. However, a large area surrounding these targets remains underexplored and highly prospective for new LCT pegmatite target areas.
Maiden diamond drilling by GT1 commenced at the project only five months ago and initially focused on the McCombe deposit which has successfully generated a 4.5Mt maiden resource. Drilling has more recently expanded to include Morrison and Root Bay which has returned high-grade intercepts and demonstrated significant potential for ongoing resource expansion at the Root Lithium Project.
No drilling from the Morrison or Root Bay projects has been incorporated into the MRE for McCombe.
For further information please visit: https://www.greentm.com.au/
