Green Technology Metals Ltd (ASX:GT1, OTC:GTMLF) has delivered a 25% increase in lithium mineral resource to 10.1 million tonnes at 1.29% lithium at its Root Bay Lithium Project in Canada.
Root Bay is now the largest GT1 deposit with 93% of the resource in the higher confidence indicated JORC category.
Notably, this significant resource upgrade has uplifted the company’s global resource inventory in Ontario to 24.5 million tonnes at 1.14% lithium.
Furthermore, there exists potential for further mineral resource growth along trend at Root Bay, including the recent deep extensions and across the larger 20-kilometre wide Root Lithium project area.
Combined Lithium Mineral Resources - 0.2% Li2O cut-off.
Higher confidence
GTI chief executive officer Luke Cox said: “We are pleased with the recent 25% increase in the mineral resource estimate (MRE) at the Root Bay deposit, especially within the higher confidence, indicated category.
“This significant update has propelled Root Bay to become the largest GT1 deposit and still hosts significant down dip extensions that haven’t been included in this update.
“This accomplishment underscores the substantial growth and potential that our projects hold.
“We still have a lot of ground to cover and with time, we will continue increasing our resource base with extensive exploration programs across our highly prospective projects with our primary focus currently on the down dip, eastern and western sides of Root Bay, where we anticipate further exciting developments.”
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