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- Green Technology Metals (GT1) unearths the first new discovery at its flagship Seymour lithium project in over 50 years
- The new Canadian discovery has been dubbed “Blue Bear” and lies just 500 metres south-east of the Aubry Complex in Ontario
- The new zone was found during drill site preparation when a dozer cleared an access track and pad, exposing a small area of bedrock quickly identified as spodumene-bearing pegmatite
- GT1 plans to continue diamond drilling and channel sampling at the discovery to rapidly delineate the Blue Bear deposit, which will culminate in an updated mineral resource estimate for the Seymour project
- Green Technology Metals shares are up 4 per cent to $1.04 at 10:46 am AEDT
Green Technology Metals (GT1) has unearthed the first new discovery at its flagship Seymour lithium project in over 50 years.
The new Canadian discovery has been dubbed “Blue Bear” and lies just 500 metres southeast of the Aubry Complex, on the Pye West Limb in Ontario.
The new zone was found during drill site preparation when a dozer cleared an access track and pad for a diamond rig and exposed a small, one-square-metre area of bedrock beneath a thin layer of glacial till.
This bedrock was quickly identified as spodumene-bearing pegmatite.
Further mechanical stripping of the area then delineated a pegmatite surface exposure with similar size, geometry and orientation to the North Aubry deposit. As such, Green Technology said the possibility exists for the two deposits to be connected at depth.
GT1 said it had already commenced delineation diamond drilling at Blue Bear, and, of the 14 holes drilled to date, all have intersected pegmatite, with assays including 13.9 metres at 1.53 per cent lithium oxide from 13.8 metres, including 8.8 metres at 2.27 per cent lithium oxide.
“To find a spodumene-bearing pegmatite under cover utilising classic geological and modern geophysical and geochemical techniques is a testament to the abilities of the GT1 technical team and our exploration modelling,” GT1 CEO Luke Cox said.
“We will now drive hard to rapidly delineate the scale of this new discovery, as well as test further new targets in this area of North Seymour.
“This is expected to culminate in an updated mineral resource estimate for the Seymour project in coming months.”
Ongoing diamond drilling and channel sampling is continuing at the discovery to rapidly delineate the Blue Bear deposit.
Green Technology Metals shares were up 4 per cent to $1.04 at 10:46 am AEDT.
