Join our daily newsletter At The Bell to receive exclusive market insights
- Green Technology Metals (GT1) receives the final assays from a phase one diamond drilling program at its flagship Seymour lithium project in Ontario, Canada
- This phase one drilling was designed to evaluate the potential strike and dip extensions of the North Aubry deposit that remains open and untested
- All up, 16 diamond holes were drilled with all but one intersecting pegmatite at up to 2.11 per cent lithium oxide
- All the results will now be incorporated into an updated mineral resource estimate, which is on track to be released in Q2 CY22
- Shares in Green Technology Metals are steady at 86 cents as of 10:27 am AEST
Green Technology Metals (GT1) has received the final assays from a phase one diamond drilling program at its flagship Seymour lithium project in Ontario, Canada.
This phase one step-out program was designed to evaluate the potential strike and dip extensions of the North Aubry deposit that remains open and untested.
All up, 16 diamond holes, totalling 5826 metres, were drilled with all but one intersecting pegmatite along strike and down dip.
New results include 10.5 metres at 1.77 per cent lithium oxide from 123.2 metres including seven metres at 2.11 per cent lithium oxide, and 18.2 metres at 1.10 per cent lithium oxide from 304.2 metres including 3.1 metres at 2.05 per cent lithium oxide.
The results suggest continuous mineralisation at depth with significant width and lithium grades. The northern and down-dip extensions remain open for further drilling.
All the results will now be incorporated into an updated mineral resource estimate, which is on track to be released in Q2 CY22.
GT1 has now begun step-out drilling to test the northern and down-dip extensions of the pegmatites.
“In total, the Phase 1 drilling program at Seymour has been highly successful. The results are expected to drive a substantial increase to the existing Seymour resource this quarter,” CEO Luke Cox said.
“We are also pleased to have commenced further northern and down-dip extensional drilling of the North Aubry pegmatite so rapidly.”
Shares in Green Technology Metals were steady at 86 cents as of 10:27 am AEST.
