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Green Technology Metals (ASX: $GT1) expands exploration target at Root Lithium Project

Green Technology Metals (ASX: $GT1) announces increased exploration target and drill results at Root Lithium Project


Green Technology Metals Limited (ASX: $GT1) has revealed an expansion of the exploration target at its Root Lithium Project in Ontario, Canada. The estimated potential mineralisation range has been increased to 25-35 million tonnes at 1.0-1.5% Li20, reflecting an 11 million tonne rise based on the company's drilling efforts over the past 18 months.

Executive Commentary on Root Lithium Project Expansion


We are pleased with the ongoing success of our exploration efforts at Root Bay, which have led to an expansion of the exploration target to 25-35 million tonnes, highlighting the project's promising potential for further resource expansion. Final assay results from exploration drilling at Root Bay East have validated significant potential for the repetition of the Root Bay deposit along strike, particularly with the discovery of potentially seven pegmatites along an 800 metre trend, similar to the Root Bay system. We are now looking forward to returning to the field to conduct further testing at Root Bay East. - GT1 Chief Executive Officer, Luke Cox

Summary of Root Lithium Project Announcement


Green Technology Metals (ASX: $GT1) has increased the exploration target at the Root Lithium Project to 25-35 million tonnes at 1.0-1.5% Li20, indicating the potential for further resource expansion. The company plans to conduct a further 10,000 metres of diamond drilling to test the Root Bay East system and the Root Bay 'Deeps' extensions, aiming to add to its global Resource base of 24.9Mt @1.13% Li20. The successful exploration at the Root project to date has instilled confidence in the company to pursue additional drilling programs at the Root Bay deposit, focusing on the underground potential and further drill testing at Root Bay East. The company's ambitions include converting the advanced exploration results into an Inferred Mineral Resource for inclusion in its mineral inventory and subsequent incorporation into the life of mine pipeline.

GREEN TECHNOLOGY METALS LIMITED
GT1 | ASX | Materials
0.0770.001(+1.32%)
At close 05/07 (AEDT)
Market cap
$24.5M
Volume
10,073
DY Yield
0
PE Ratio
0
52 Week Range
0.072 - 0.76
1YR Return
N / A

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