Green Technology Metals Limited (ASX:GT1) (GT1 or the Company) is pleased to provide an update on Phase 1 diamond drilling at its Seymour Lithium Project in Ontario, Canada.


HIGHLIGHTS

  • Phase 1 drilling program at Seymour (expanded to 16 holes totalling 5,000m at North Aubry) now approximately 90% complete and ahead of schedule.
  • The North Aubry “Pegmatite” dimensions are currently 250m wide (strike) by 700m long (down dip) with a thick core ranging from 15m to 43m.
  • All completed holes have intersected pegmatite intervals (up to 43m thickness) located along strike and down dip of existing deposit boundaries.
  • Further thick, continuous, high-grade intercepts confirming mineralised continuity along strike and down dip; 8.9m at 1.46% Li2O (from 243m downhole; GTDD-21-0005).
  • Phase 2 diamond drill program (31-holes for 5,100m) set to commence shortly at the highly prospective and largely untested Central Aubry zone.

The Phase 1 program at Seymour is designed to evaluate potential along-strike and down-dip extensions of the North Aubry deposit that are currently open and untested. It is currently approximately 90% progressed (14 of the now expanded 16 planned holes completed) and ahead of schedule. This strong progress places GT1 well on track to complete a scheduled update of the current Seymour Mineral Resource estimate during Q2 2022.

As previously announced, due to community spread of the Omicron COVID-19 variant GT1 proactively relocated its staff, offices, accommodation, sampling facilities, fuel and supplies to a discrete location, whilst keeping the drill rigs operational at Seymour. Whilst drilling has been unimpacted, these initiatives have had the effect of elongating lab sample submission and assay receipt timelines. Given this, and the advanced stage of the Phase 1 program, this release details the pegmatite intervals (thicknesses) returned from all holes drilled to date.

Click here for the full ASX Release

This article includes content from Green Technology Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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