- Green Technology Metals (GT1) begins drilling at the North Aubry deposit within its Seymour Project in Ontario, Canada
- A total of 11 holes will be drilled to evaluate the along strike and down-dip extensions of the deposit, which are open and untested
- Drilling will aim to expand Seymour’s existing mineral resource of 4.8 million tonnes at 1.25 oer cetnt lithium oxide
- GT1 has engaged First Nations drilling contractors BD Drilling and Missinaibi Drilling to undertake the drilling, which is scheduled for completion in March 2022
- GT1 ends the day 1.49 per cent in the red with shares trading at 33 cents
Green Technology Metals (GT1) has begun drilling at the North Aubry deposit within its Seymour Project in Ontario, Canada.
A total of 11 holes, for roughly 3500 metres, will be drilled to evaluate the along strike and down-dip extensions of the deposit which are open and untested.
Drilling will aim to expand Seymour’s existing mineral resource of 4.8 million tonnes at 1.25 per cent lithium oxide.
Previous drilling by the previous owner, Ardiden (ADV) intersected a result of 40 metres at 2.40 per cent lithium oxide.
GT1 has engaged First Nations drilling contractors BD Drilling and Missinaibi Drilling to undertake the drilling, which is scheduled for completion in March 2022.
BC Drilling is currently operating its diamond rig on a continuous day and night rotation, with Missinaibi Drilling expected to begin a similar shift in the next week.
CEO Luke Cox said the company is excited to begin drilling.
“We are excited to be commencing drilling at Seymour so rapidly. This outcome is a direct result of what has been achieved by both our Canadian and Australia operational and technical personnel in recent months,” Mr Cox commented.
“Our aspirations for the Seymour Project are substantial and cleat – and we deeply believe in the significant exploration upside to underwrite them.
“Building lasting local partnerships, testing our advanced exploration model, and generating shareholder value in doing so, is our immediate focus there.”
GT1 has ended the day 1.49 per cent in the red, with shares trading at 33 cents in a $66.16 million market cap.