Rock Tech Updates Resource Estimate at Georgia Lake
(via Thenewswire.ca)
Vancouver, British Columbia, Canada, September 10, 2012 - Rock Tech Lithium Inc. (TSX-Venture: RCK; Frankfurt: RJIA; Pink Sheets: RCKTF) (the "Company" or "Rock Tech") is pleased to announce that it has updated its National Instrument ("NI") 43-101-compliant resource estimate at its Georgia Lake project in Ontario. The estimate, based upon the Company's recently completed field program, Phase 1 and Phase 2 exploration results and historical exploration data, is as follows:
-Indicated resource estimate of 3,190,000 tonnes at 1.10% lithium oxide ("Li2O"), and
-Inferred resource estimate of 6,310,000 tonnes at 1.00% Li2O.
Caracle Creek International Consultants ("CCIC"), an independent geological consulting company, prepared the resource estimate using data from 59 drill holes and 436 metres of channel sampling completed by the Company in addition to 119 historical drill holes completed by previous operators.
Rock Tech's President & CEO, Eunho Lee, commented, "Management is very pleased with the results of the recently completed field program and updated resource estimate at our Georgia Lake lithium project. The data obtained during the recently completed field program resulted in an improvement in the quality of our NI 43-101-compliant resource estimate."
QA/QC Program and Measures
CCIC provided personnel to supervise the field program and develop and implement project quality controls and a quality assurance program. Additionally, CCIC has created an exploration database including assays and drill core lithology. All of the data were linked directly to the geological modeling and resource estimation software. Three dimensional ("3D") wireframes (solids), representing the mineralized areas within the spodumene pegmatite dykes, were constructed and used to constrain (domain) the tonnage and grade estimation. GEMCOM's GEMS software V.6.3 was used to generate a 3D block model and perform grade estimation. The mineral resources have been estimated in compliance with generally accepted "Estimation of Mineral Resource and Mineral Reserves Best Practices" guidelines published by the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM").
Independent, NI 43-101-compliant resources were estimated by Jason Baker, P.Eng., a Geological Engineer with CCIC and an independent qualified person as defined by NI 43-101. The technical information contained in this news release has been reviewed by Afzaal Pirzada, P.Geo., Vice President, Exploration of the Company and a qualified person as defined by NI 43-101. The Company will file on SEDAR an updated NI 43-101 technical report, with respect to the resource estimate disclosed herein, within the prescribed timeframe.
On behalf of the Board of Directors,
"Eunho Lee"
Eunho Lee
Director, President and CEO
For more information, please contact:
Eunho Lee
Director, President & Chief Executive Officer
789 West Pender Street, Suite 1205
Vancouver, B.C., V6C 1H2
Telephone: (604) 688-1140
Facsimile: (604) 688-1173
Email: elee@rocktechlithium.com
Disclaimer and Cautionary Statement Regarding Forward-Looking Information
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.
All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements. The effective date of the resource estimate disclosed in this news release is August 29, 2012.
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