Mar 4th, 2013 Copyright (c) 2013 Thenewswire.ca - All rights reserved.
(via Thenewswire.ca)
Vancouver, British Columbia, Canada, March 4, 2013 - Rock Tech Lithium Inc. (TSX-V: RCK; Frankfurt: RJIA) (the "Company" or "Rock Tech") announces additional assay results from the drill program it announced on December 10, 2012. This planned 4,600 metre drill program included both step-out and in-fill drill holes and focused primarily on electromagnetic conductors "A" and "C". The electromagnetic conductors were identified on the Plumbago area of the property during geophysical surveys in September, 2012 (click here to view a map).
Highlights of these assay results include:
-Drill hole PB-12-18 intersected 88.50 metres of graphitic carbon ("Cg") at various depths with grades ranging from 1.76% Cg to 4.72% Cg, including 44.10 metres at 3.18% Cg, 14.27 metres at 2.63% Cg, 11.17 metres at 4.24% Cg and 9.36 metres at 4.72% Cg, and;
-Drill Hole PB-12-19 intersected 134.96 metres of Cg at various depths with grades ranging from 2.56% Cg to 3.58% Cg, including 91.71 metres at 2.36% Cg, 18.68 metres at 4.44% Cg and 4.75 metres at 3.55% Cg.
Interest in the graphite potential of the Buckingham region of Quebec has increased markedly as of late with several companies staking claims in close proximity to Rock Tech's property and/or announcing exploration plans.
"The results from our drilling programs continuously confirm the presence of extensive graphite mineralization on the property. The greater widths received recently have prompted us to submit additional samples from the first phase of our drill program. These results, in addition to the remaining sixteen drill holes, will be released as soon as they are received," said Afzaal Pirzada, Rock Tech's Vice President of Exploration and interim CEO.
As mentioned previously, visual inspections of the drill core collected from drill holes along electromagnetic conductor 'A' suggest this graphite zone extends for over 800 metres while remaining open to the north, south and at depth. Similarly, visual inspections of the drill core collected from drill holes along electromagnetic conductor 'C' suggest this graphite zone extends for over 600 metres while remaining open to the north, south and at depth
The Company's geophysical surveys and drill programs have focused exclusively on the Plumbago area of the property which includes only four of the thirty-two claims subject to the property option agreement. The maiden NI 43-101 resource estimate will be based solely on this area. Surface samples taken from the Kelly, McLaren and Burke areas of the property returned graphite results up to 22%.
To date, the Company has received and announced assay results for nineteen drill holes and seven trenches. Assay results for the final sixteen drill holes completed during the fourth quarter of 2012 are pending along with resubmitted core samples from the first phase of drilling.
Quality Assurance/Quality Control
All core samples are logged and split by wet diamond saw with half sent to the lab for analysis and half stored securely on site. The core sample lengths typically average 1 metre but vary depending on geological boundaries. Additional QA/QC procedures include inserting blanks and standards into the core sample stream at industry standard intervals with duplicate core samples taken at intervals of twenty. Core samples are prepped and analyzed by Global Mineral Research Limited in Burnaby, British Columbia. During analysis, the core samples are dried, pulverized, leached and roasted at 450? Celsius and 1200? Celsius with measured weights taken between double ignitions. The laboratories also conduct duplicate and internal standard samples at intervals of ten as part of their QA/QC program.
For additional details, please see the table below:
-----------------------------------------------------------------
|Drill |? |Length|Length To|Width |Graphite|Geophysical|
|Hole ID | |From | | | |Conductor |
| |------------------------------------------| |
| |? |Metres|Metres |Meters|% | |
|---------------------------------------------------------------|
|PB-12-18|? |6.10 |15.70 |9.60 |1.76 |A |
| |------------------------------------------| |
| |? |29.24 |40.41 |11.17 |4.24 | |
| |------------------------------------------| |
| |? |43.57 |52.93 |9.36 |4.72 | |
| |------------------------------------------| |
| |? |59.08 |103.18 |44.10 |3.18 | |
|---------------------------------------------------------------|
|? |? |107.89|122.16 |14.27 |2.63 |? |
|---------------------------------------------------------------|
|? |? |7.39 |24.36 |16.97 |1.42 |? ? |
| |------------------------------------------| |
| |? |54.82 |73.50 |18.68 |4.44 | |
| |------------------------------------------| |
| |? |124.25|129.00 |4.75 |3.55 | |
|---------------------------------------------------------------|
|PB-12-19|? |143.79|145.94 |2.15 |2.85 |A |
|---------------------------------------------------------------|
|? |? |180.35|181.05 |0.70 |10.31 |? |
|---------------------------------------------------------------|
|? |? |201.55|336.63 |135.08|1.73 |? |
|---------------------------------------------------------------|
|? |including|227.55|319.26 |91.71 |2.36 |? |
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Note: The true thickness of the drill intersection may be less than the reported intervals
Drill hole PB-12-18 is located at 475477E, 5056045N (NAD 1983, Zone 18N) with azimuth 91.8? and dip -51.6? and drill hole PB-12-19 is located at 475402E, 5056203N (NAD 1983, Zone 18N) with azimuth 93? and dip -52.5?.
The technical information contained in this news release has been reviewed by Afzaal Pirzada, P.Geo., Vice President of Exploration and interim CEO of the Company and a Qualified Person as defined in NI 43-101.
On behalf of the Board of Directors,
"Afzaal Pirzada"
Afzaal Pirzada, P.Geo.
Director, Vice President of Exploration and interim CEO
For more information, please contact:
Brad Barnett
Vice President of Corporate Finance and Development
Rock Tech Lithium Inc.
789 West Pender Street, Suite 1205
Vancouver, B.C., V6C 1H2
Telephone: (604) 688-1140
Facsimile: (604) 688-1173
Email: bbarnett@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.
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