Mining - Rock Tech Lithium Inc. is a Canadian company focused on developing its lithium and rare earth projects in Canada. The company owns 100% each of the Georgia Lake project in the Thunder Bay Mining District of NW Ontario, Kapiwak of the project and the Lacorne project in the James Bay region in northern Quebec.
We, the team from the mining scout track, the company now since June 2011. We want to take up again at the end of a brief update of the highlights together, and we thank the management, particularly in Eunho Lee (Chairman & Managing Director) for their cooperation.
Management would not be so single-mindedly pursue the project, so we could inform you readers do not always progress through the company. And I think the Rock Tech Lithium excellently informed its investors that it has not always the case.
Let's talk about the highlights:
On 28.06.2011 Rock Tech Lithium announced the results of metallurgical studies. High-grade Spodumenkonzentrat containing 6.2% lithium oxide (Li2O) was obtained with a profit rate of 75.5% using a heavy liquid separation process and had a purity of 99.95%. After an optimization process by a bicarbonate wash was the purity of 99.98% increase.
On 26.10.2011, the company has NI 43-101 resource estimate for the Georgia Lake publishes project which looks as follows:
Indicated resource of 2.36 million tonnes grading 1.17% lithium oxide. Inferred resource of 4.36 million tonnes grading 1.08% lithium oxide.
Total indicated and inferred resource of 6.72 million tonnes grading 1.11% lithium oxide.
These data consist of the resource estimate of the Nama Creek and Conway block. They include 5.54 million tonnes grading 1.03% lithium oxide which come from a total of 9.78 million with 1.18% Li20 historical data.
This resource has the peculiarity that in all directions and at depth is open. That is why we have begun with the exploration program for 2011/12 already. The goal is to increase the resource and to further confirm the historic data or even expand.
Next the company plans for Q2 2012, preliminary feasibility study to create.
The presentation November 2011 can be viewed on the mining scout, here the link:
These resources are an instructive video. There you can look in a 3D view of the entire drill:
In our opinion, the year 2011 was successful. Unfortunately, the results were not rewarded by the share price. The company told us that they want to keep investors in the following six months continuously up to date. We are ready for it.
If you want to learn more exciting information to explorers and other interesting values, I would be pleased to participate in my discussions!
Wishes you every success in trading
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