- Green Technology Metals (GT1) kicks off phase two drilling at the Central Aubry deposit within its Seymour lithium project in Ontario, Canada
- The next round of drilling follows phase one drilling at the North Aubry deposit, of which all 16 holes intersected pegmatite along strike and down dip
- A total of 31 drill holes are planned at the largely untested Central zone where previous surveying identified a series of stacked moderately north-easterly dipping structures
- With a second rig available on site, the company has decided to also accelerate phase three exploration drilling at the Pye deposit
- At market close, company shares were trading 7.14 per cent higher at 75 cents
Green Technology Metals (GT1) has kicked off phase two drilling at the Central Aubry deposit within its Seymour lithium project in Ontario, Canada.
The company currently holds a 51 per cent interest in the Ontario lithium projects, which includes the Seymour project, under a joint venture with Ardiden (ADV).
GT1 has the right to acquire a further 29 per cent interest via the payment of $3.5 million in shares within 12-months of its asx-listing.
The next round of drilling at Seymour follows completion of a phase one drilling program at the North Aubry deposit, of which all 16 holes drilled intersected pegmatite along strike and down dip.
Given the ongoing northern extensional potential at North Aubry, GT1 has planned further step-out drilling in the near term.
Assays are pending for 13 holes completed at North Aubry and, once received, will be incorporated into an updated mineral resource estimate which is scheduled for completion during the second quarter of this year.
A total of 31 drill holes are planned at the largely untested Central zone where previous surveying identified a series of stacked moderately north-easterly dipping structures.
According to Green Technology, the structures have been extrapolated to surface with recent geological mapping confirming pegmatite occurrences in this area.
As it has a second diamond drill rig available on site, the company has decided to accelerate phase three exploration drilling at the Pye deposit concurrently with the work at Central Aubrey.
With geophysical surveying and extensive ground truthing work undertaken at Pye over the past six months, Chief Executive Officer Luke Cox said it is a “genuinely compelling” target at Seymour.
An initial 26 holes are planned to target a lithium caesium tantalum pegmatite which is exposed at surface and is around 18 metres wide by 84 metres long.
Following this, drilling will step-out and target geological and geophysical features which are considered favourable for lithium mineralisation.
At market close, company shares were trading 7.14 per cent higher at 75 cents.