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- Green Technology Metals (GT1) confirms a maiden mineral resource estimate of 4.5 million tonnes at 1.01 per cent lithium and 110 parts per million (ppm) tantalum at its Root project in Ontario, Canada
- The resource covers a 1.5-kilometre strike length at the McCombe prospect in the project area
- The maiden Root resource bolsters GT1’s total mineral resources to 14.4 million tonnes across its two wholly-owned Ontario projects
- Green Technology now plans to complete further diamond drilling at McCombe alongside its running projects at the Morrison and Root Bay deposits
- GT1 shares are trading at 67 cents at midday AEST
Green Technology (GT1) has confirmed a maiden mineral resource estimate of 4.5 million tonnes at 1.01 per cent lithium and 110 parts per million (ppm) tantalum at its Root project in Ontario, Canada.
The resource covers a 1.5-kilometre strike length at the McCombe prospect in the western region of the Root project area.
The McCombe deposit is currently the most advanced LCT pegmatite at the Root project and remains open to the east.
GT1 said there was “significant potential” for further mineral resource growth along-strike and down-dip at the McCombe deposit and across the larger Root project area. In fact, the company said McCombe was likely connected to the Morrison pegmatites along-strike to form more than three kilometres of mineralised resource potential
“This is just the beginning for the Root project, and we are very pleased with the outcome of our maiden mineral resource estimate at Root incorporating just five months of exploration at our McCombe deposit, with further extension potential,” GT1 CEO Luke Cox said.
“GT1 has now commenced drilling at two additional target areas, Morrison and Root Bay, which have both continued to intercept significant spodumene mineralisation. We remain focussed on delivering further high-grade resource growth over 2023,” Mr Cox said.
Explorations at the company’s Root project initially focused on four target areas, including McCombe, Morrison, Root Bay and Root Lake, which remain underexplored and “highly prospective” for new LCT pegmatite target areas.
Green Technology now plans to complete further diamond drilling at McCombe alongside its running projects at the Morrison and Root Bay deposits.
The company said it planned to utilise the upcoming field season to expand its exploration area to the northern half of the Root project area, acquired in 2022.
GT1 shares were trading at 67 cents at midday AEST.
