© Reuters. Green Technology Metals hits thick, high-grade lithium at Seymour Project, Canada
Green Technology Metals Ltd (ASX:GT1, OTC:GTMLF) has hit multiple high-grade lithium intervals of more than 20 metres thick and with grades up to 2.92% at the North Aubry deposit of the Seymour Lithium Project in Ontario, Canada.
Strong lithium results from this latest infill drilling program will be used to generate a mineral resource estimate (MRE) upgrade for the project, enabling an upgrade in the confidence category and size of the resource to support an upcoming definitive feasibility study (DFS).
The best result from drilling at North Aubury generated 24.2 metres at 2.69% lithium oxide from 235.8 metres and included a higher-grade portion of 22.2 metres at 2.92% from 235.8 metres depth.
Robust, high-quality pegmatite
“These recent results from infill drilling at Seymour are some of the highest grade and thickness ever defined, further proving the robust nature and quality of the North Aubry pegmatite which is amenable to both open pit mining and simple dense media separation,” Green Technology Metals CEO Luke Cox said.
“The team will now start modelling an updated MRE for Seymour increasing the resource confidence level, that will be used in the upcoming feasibility study.
“Looking ahead to the second half of 2024, we have plans to expand our regional resource base and look forward to commencing our maiden exploration drilling campaign at the nearby highly prospective Junior Lithium project, which sits in the same proven fertile greenstone belt as Seymour.”
The full 8,767-metre, 62-hole infill diamond drilling campaign at Seymour is now complete with all assays received, with results of note including:
- 19.3 metres at 2.47% lithium oxide from 198 metres;
- 11.9 metres at 2.08% from 211.9 metres;
- 16.1 metres at 1.32% from 191.2 metres;
- 13.1 metres at 1.45% from 17.4 metres;
- 9.2 metres at 1.63% from 127.5 metres;
- 8.9 metres at 1.65% from 164.9 metres; and
- 14.8 metres at 1.00% from 230.1 metres.
GT1 will leverage these results into an upgrade for the North Aubry deposit, the MRE of which currently sits at 10.3 million tonnes at 1.03% lithium oxide, a significant portion of the company’s total 24.9 million tonnes at 1.13% lithium oxide resource for the greater Seymour Project.
Green Technology Metals says it will resume drilling in the second half of 2024 at the Junior Lithium Project, which holds similar geology to Seymour, and is targeting completion of its Seymour DFS for the fourth quarter of 2024.
Main image: Diamond drill rigs at the Seymour Lithium Project.
