Green Technology Metals (ASX:GT1) Announces Discoveries at Junior Lithium Project
Drilling Update
Green Technology Metals Limited (ASX:GT1) announced significant lithium mineralisation discoveries at its Junior Lithium Project in Ontario, Canada. Initial drilling at the Despard Prospect confirms thick, high-grade intercepts along 700 metres of strike length, marking a pivotal development for GT1’s Eastern Hub strategy aimed at establishing a robust resource base for the planned concentrator at the Seymour Project.
Significant Results
The first four drill holes have returned encouraging results, with the highlight being JD-24-001, which intersected 18.7 metres at a grade of 1.39% Li2O, including a higher-grade interval of 4.8 metres at 2.56% Li2O. The overall near-surface mineralisation is confirmed to be approximately 200 metres wide.
Future Development Plans
Cameron Henry, Managing Director of GT1, commented, “These results validate the potential of the broader 10,841-hectare Junior Project and will help us enhance our resource base.” The company plans to continue drilling with an additional 48 holes aimed at testing further areas and infill drilling to support its ongoing Definitive Feasibility Study (DFS). More results are expected in early 2025.
These promising findings reinforce GT1’s exploration strategy in an underexplored area, contributing to the future growth of its global resource base, currently reported at 24.9 million tonnes.
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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