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Highlights
- Green Technology Metals begins a 6,900-meter diamond drilling at its Ontario-based Junior Lithium Project.
- The project spans 10,856 hectares, targeting 4-9 million tonnes of lithium-rich deposits.
- Recent field findings highlight new lithium-bearing zones, supporting long-term growth at the Eastern Hub.
Green Technology Metals Ltd (ASX:GT1), a company focused on lithium resources in Canada, is embarking on a significant 6,900-meter diamond drilling program this month at its Junior Lithium Project, located in Ontario. This expansive project covers 10,856 hectares and aims to explore lithium-bearing pegmatites, with an estimated exploration target ranging between 4 to 9 million tonnes and lithium oxide grades of 1.0% to 1.5% (Li₂O).
The drilling program is divided into two phases, starting with an initial 3,450 meters to assess the Despard target. Phase two will proceed if the initial results align with expectations. Managing Director Cameron Henry highlighted the importance of the Junior Project, emphasizing that the current program aligns with the company's commitments for the year and aims to unlock the full potential of the site.
The Junior Project, part of Green Technology Metals’ strategic Eastern Hub, is vital for securing a steady feedstock for the proposed Seymour Project concentrator. By increasing the resource base in this area, the company seeks to strengthen long-term supply for its Seymour concentrator, promoting stable growth in its lithium operations.
Field exploration conducted over the past two years has identified a promising new pegmatite zone within the Despard prospect, a mineral-rich area with significant lithium potential. The recent field campaign revealed a 750-meter mineralized strike, with rock chip assays indicating lithium oxide grades up to 5.06% Li₂O. Additionally, a newly discovered LCT (lithium-cesium-tantalum) pegmatite zone, extending 200 meters southwest of the existing Main Zone, offers further exploration prospects.
The Despard drilling will initially focus on the Main Zone, where previous drilling from the 1950s revealed pegmatite thicknesses of over 19 meters. Recent mapping efforts have uncovered high-grade lithium pegmatites across two primary zones, the Main Zone and the West Zone, with assay results reaching up to 4.46% Li₂O. These findings suggest a stacked pegmatite system across the target area, strengthening the project's potential contribution to Green Technology Metals' lithium resources.
Green Technology Metals continues to foster positive relationships with Indigenous partners, respecting and acknowledging their heritage and the Traditional Territory. Through collaboration, the company is committed to advancing exploration in a way that honors cultural heritage and aligns with community values.
