Investing News NetworkAUSTRALIA
Green Technology Metals Limited (ASX:GT1) (GreenTechnology, GT1 or the Company) is pleased to announce that it has significantly increased its landholding in Ontario, Canada, via its wholly owned subsidiary Lithium Triangle Resource Ltd.
HIGHLIGHTS
- GT1 has increased its exploration claim holdings in NW Ontario to 35,576 ha (from 9,467 ha original position) via strategic pegging and option agreements.
- Newly acquired claims focussed on Seymour and Root, as well as a new project named Allison.
- Allison is considered one of the most under-explored and prospective areas for LCT pegmatites in NW Ontario.
The Company has increased its tenement base from 9,467 hectares to 35,576 hectares through execution of multiple option agreements and tenement pegging activities. The new landholdings surround GT1’s existing projects, Seymour and Root, as well as being in a new project area named “Allison” and select other project areas (Pennock Lake, Root Bay, Superb Lake and Gathering Lake) (see Figure 1)
Figure 1: Expanded GT1 Lithium Project Footprint in NW Ontario; created by the Company January 2022
Existing Project Expansion
Seymour: As previously announced (see GT1 ASX release dated 8 November 2021, Pre-Quotation Disclosures), GT1 has pegged 439 new mining claims around Seymour for a total addition of 9,029 hectares. This holding extends to the north of Seymour reaching into the Archean Green Stone Belt which hosts locally known LCT pegmatites.
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