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- Green Technology Metals (GT1) records its highest grade lithium intercept at its Root project in Ontario, Canada
- The latest assay results from phase one drilling at the McCombe deposit returned a peak intersection of two metres at 4.06 per cent lithium oxide
- Assay results have been received for 14 of the 22 diamond drill holes completed and GT1 expects to receive the balance in the coming weeks
- Meanwhile phase two extensional diamond drilling continues with strong visual spodumene already logged in pegmatite intercepts
- Shares in GT1 are up 8.42 per cent and trading at $1.10 at 2:40 pm AEDT
Green Technology Metals (GT1) has recorded its highest grade lithium intercept at its Root project in Ontario, Canada.
The company completed phase one drilling at the project with an initial focus on the McCombe lithium caesium tantalum (LCT) pegmatite to delineate a maiden mineral resource estimate for the deposit.
Assay results have been received for 14 of the 22 diamond drill holes completed.
All holes intersected spodumene bearing pegmatite and the latest assays included a peak intersection of two metres at 4.06 per cent lithium oxide within a broader eight-metre pegmatite intercept averaging 1.72 per cent lithium oxide from 64 metres downhole.
CEO Luke Cox said the results so far confirm that the deposit is higher grade than originally interpreted based on historical data.
Assays for the remaining drill holes are pending and expected to be received in the coming weeks.
Meanwhile, phase two extensional diamond drilling is underway with two drill rigs in operation.
Green Technology said this round of work has already been successful in extending the McCombe deposit with strong visual spodumene logged in pegmatite intercepts.
Additionally, drilling suggests the McCombe deposit may join with the Morrison pegmatite system to form a structure several kilometres long.
Recent spodumene discoveries at Root Bay also confirmed the mineralisation extends east and west along a magnetic high, according to Mr Cox.
Looking forward, the company said it remained on track to complete a maiden mineral resource estimate for the Roots project by the first quarter of 2023.
Shares in GT1 were up 8.42 per cent and were trading at $1.10 at 2:40 pm AEDT.
