- Green Technology (GT1) is ready to begin a step out diamond drilling program at its Seymour lithium asset in Ontario, Canada
- Following signing of an amended early exploration agreement with the Whitesand First Nation, GT1 is able to start drilling activities
- The program is set to include an initial 11-holes with the aim of growing the existing resource of 4.8 million tonnes at 1.25 per cent lithium
- With a number of exploration activities completed at the asset, the company is confident in the potential for additional stacked lithium-bearing pegmatites
- Shares were trading 2.5 per cent higher at 40 cents at the end of trading
Green Technology (GT1) is gearing up to begin a step-out diamond drilling program at its Seymour lithium asset in Ontario, Canada.
Seymour is one of three assets that make up the company’s Ontario lithium projects, covering an area northwest of Thunder Bay.
The company is planning to undertake an initial 11-hole program at the asset over the next few months with the aim of growing the existing resource of 4.8 million tonnes at 1.25 per cent lithium.
Drilling of the first hole is expected to start in the next few weeks, following initial ground preparatory activities and the company expects the phase one diamond program to wrap up by March 2022.
Today’s announcement follows the company signing an amended early exploration agreement with the Whitesand First Nation which was the last step to enable drilling activities.
Green Technology has completed a number of exploration activities at the project, including a maiden aerial geophysical survey covering 1191-line kilometres across the tenement package, with results Chief Executive Officer, Luke Cox said couldn’t have been better.
“The alignment of identified anomalies with existing resources and key target areas is strong, and the prospectivity of recently mapped targets has also been substantially enhanced by these geophysical results,” he said.
“In short, the potential for additional stacked lithium-bearing pegmatites at Seymour is real.”
Moving forward, the CEO said the company is very excited to start extensional and step-out drilling.
Shares were trading 2.5 per cent higher at 40 cents at the end of trading.