VANCOUVER, British Columbia, June 06, 2019 (GLOBE NEWSWIRE) — Rock Tech Lithium Inc. (the “Company” or “Rock Tech”) (TSX-V: RCK; Frankfurt: RJIB) is pleased to announce that it has engaged TBT Engineering Limited (“TBTE”) to conduct surface water sampling at its 100%-owned Georgia Lake lithium project in Ontario, Canada.
TBTE, along with Rock Tech’s project management team led by Pleson Geoscience, will mobilize this week to inspect suitable locations for a hydrometric station and collect a manual flow measurement. Additionally, the crew will establish eight (8) surface water quality stations and begin monthly sampling.
“The hydrology data collected will support surface water Permit to Take Water (“PTTW”) applications for our Georgia Lake lithium project,” said Dirk Harbecke, Rock Tech’s chairman. “We are fortunate to be working with a world-class organization such as TBTE as we work diligently through the permitting process on our way to production.”
All scientific and technical information in this news release concerning the Georgia Lake lithium property was reviewed and approved by Karl Stephan Peters, EurGeol 787, a qualified person (QP) as defined under National Instrument 43-101.
About TBT Engineering Limited
Established in 1969, TBTE is Northwestern Ontario’s largest independently owned multi-disciplinary engineering consulting firm. TBTE is an employee-owned company that employs over 130 full-time professional and technical staff, with 70 additional seasonal and contract staff serving public and private clients across a diverse range of industries and sectors. As a proven industry leader, TBTE works in conjunction with all stakeholders to expertly investigate, test, plan, design and manage projects across Northern Ontario.
About the Georgia Lake Lithium Project
The Georgia Lake project is a lithium-rich pegmatite vein deposit with measured and indicated resources of 6.57 million tonnes grading 1.01% Li2O in addition to inferred resources of 6.72 million tonnes grading 1.16% Li2O. The first PEA for the project, focused exclusively on the main resource area hosting less than 80% of total defined resources, was published in October 2018. Highlights from the PEA included an NPV of $312 million and an IRR of 62.2%.
On behalf of the Board of Directors,
Director, Chief Executive Officer
For further information, please contact:
Chief Financial Officer
Rock Tech Lithium Inc.
777 Hornby Street, Suite 600
Vancouver, B.C., V6Z 1S4
Telephone: (778) 358-5200
Facsimile: (604) 670-0033
Email: [email protected]
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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/af39fa05-2bd2-4f4f-93d1-4e06cff66c0c.