- Green Technology Metals (GT1) doubles the interim mineral resource estimate (MRE) for its Seymour lithium project in Ontario, Canada
- The total mineral resource tonnage increased 105 per cent to 9.9 million tonnes at 1.04 per cent lithium oxide
- Roughly 53 per cent is classified as indicated with the category increasing 2.5 times to 5.2 million tonnes at 1.29 per cent lithium oxide
- This update builds on and extends the MRE released in 2019 and incorporates all historical drilling as well as the phase one drilling completed at the North Aubry deposit
- Shares in GT1 are down 3.82 per cent and are trading at 63 cents at 11:16 am AEST
Green Technology Metals (GT1) has doubled the interim mineral resource estimate (MRE) for its Seymour lithium project in Ontario, Canada.
The total mineral resource tonnage increased 105 per cent to 9.9 million tonnes at 1.04 per cent lithium oxide.
Roughly 53 per cent is classified as indicated with the category increasing 2.5 times to 5.2 million tonnes at 1.29 per cent lithium oxide.
This update builds on and extends the MRE released in 2019 and incorporates all historical drilling as well as the recent phase one drilling completed at the North Aubry deposit.
Results came from 199 diamond holes for a total of 26,244 metres.
North Aubry remains open along strike and at depth with further step-out drilling set to continue over the second half of the year.
“We are very pleased with the outcomes from the interim mineral resource update at Seymour following completion of the successful Phase 1 drilling program at North Aubry earlier this year,” CEO Luke Cox said.
“The result is a demonstration of the clear potential that exists at our flagship Seymour asset, and we remain focussed on delivering further high-grade resource growth over the second half of 2022.”
Shares in GT1 were down 3.82 per cent and were trading at 63 cents at 11:16 am AEST.