Rock Tech Lithium Inc. (TSX-Venture: RCK | Frankfurt: RJIA) is a Canadian based resource company focused on acquiring, exploring and developing lithium and rare metals properties.
The Company’s strategy is to acquire and develop lithium properties that are at various stages of development — from early-stage exploration projects to advanced-stage exploration projects that have been the subject of prior work programs and/or contain historic resources that can be brought to NI43-101 standards and positioned for production within a reasonable timeframe.
The Company holds a 100% interest in the Georgia Lake lithium project containing spodumene-bearing pegmatites located in the Thunder Bay Mining District of northwest Ontario. This project consists of 81 mining claims covering 11,632 hectares and 81 mining leases covering 1,049 hectares. Based on 33, 000 metres of historic diamond core drilling, there is a historic resource estimate of 9.78 million tons (Imperical tons) with a weighted grade of 1.18%* lithium oxide (Li2O). With the first phase of its exploration drill program completed at the Nama Creek and Conway claim blocks, the Company has reported an Initial NI43-101 indicated resource estimate of 2.36 million tonnes (metric) at 1.17% Li2O and inferred resource estimate of 4.36 million tonnes at 1.08% Li2O.
In addition to the Georgia Lake lithium project, Rock Tech holds a 100% interest in two early stage lithium projects in the Kapiwak Pegmatite region of the James Bay area of Quebec and the Val d’Or region of Quebec.
The Kapiwak Pegmatite property consists of 376 claims covering 19,610 hectares. The Kapiwak Pegmatite region is a new discovery area, with a number of other resource companies having successful exploration results for lithium and rare metals such as rubidium and beryllium. The Company has recently completed a geophysical survey on this property, and coupled with preliminary ground exploration work completed in 2009 on “Kapiwak 1”, consisting of surface sampling which showed average Li2O grades of 1.47% and grades of interest for niobium, beryllium and tantalum, this property has the potential for a lithium discovery.
The Lacorne Pegmatite property, located in the Val d’Or Mining District in western Quebec is made up of 164 map claims covering 7,747 hectares. Parts of Rock Tech’s Lacorne propery is adjacent to Canada Lithium’s Quebec Lithium mine (bordering on the north and south boundaries of Canada Lithium’s claims) that is touted as the next lithium mine to be in production.
Aside from the lithium project and properties, the Company also holds 100% interest in a property that is prospective for titanium-iron-vanadium oxide in the Saint-Urbain, Quebec area near the St. Lawrence Seaway, covering 6,667 hectares, along with 100% interest in a property that is prospective for nickel-copper-platinum group elements-uranium in the Sibley Basin of northwest Ontario covering 3,968 hectares.
The Company’s mission is to build shareholder value by way of developing Rock Tech Lithium Inc. into a global leader in the lithium and technology metals space — the management endeavours to achieve this by acquiring world-class lithium and rare metals assets and developing them into economic mines.
*Work has been completed by the Company to classify a portion of the historical estimate as current mineral resource estimates as defined by NI43-101 and as such, Rock Tech Lithium Inc. is treating a portion of the historical estimate as current mineral resource estimates. Of the 9.78 million ton of historic resource estimates, some 4.3 million tons need to be verified.
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