Green Technology Metals Limited (ASX:GT1) Announces Positive Drilling Results from Root Lithium Project
Drilling Program Update
Green Technology Metals Limited (ASX: GT1) has reported promising results from its ongoing drilling program at the Root Lithium Project in Ontario, Canada. The initial results from two deep extension holes at the Root Bay deposit highlight significant high-grade lithium intersections, including 17.3 metres at 1.80% Li2O and 16.3 metres at 1.27% Li2O.
The company’s efforts have enhanced confidence in the potential for resource expansion, with the total project resource estimate now standing at 24.9 million tonnes. The positive results from pegmatite RB006 and RB007 demonstrate continuity, suggesting the potential for underground mining assessments.
Drilling Achievement and Future Plans
To date, the first phase of the 14,000 metre diamond drilling program has seen 11 holes completed for a total of 6,450 metres. Phase 2, comprising a 4,000 metre drilling program at Root Bay East, has also commenced. Significant high-grade results continue to emerge, enhancing investor interest and project valuation.
Cameron Henry, GT1 Managing Director, stated, “The initial high-grade assay results from our deep extension drilling at the Root Lithium Project have further strengthened our confidence in resource expansion.” He added that the company is eager to complete the remaining drilling by year-end and continue advancing the growth of its resource base.
Exploration Target and Next Steps
GT1’s exploration efforts are directed towards confirming the current targets below existing pit designs while expanding the known mineralisation. The company expects to receive assay results from the remaining drill holes in the coming weeks, with updates on the resource estimate pending.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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