Green Technology Metals Ltd (ASX:GT1, OTC:GTMLF) has had further exploration success and established a maiden exploration target at its Junior Lithium Project as the company continues to build a pre-eminent vertically integrated lithium business in Ontario, Canada.
The Junior Project, which is 20 kilometres from the company’s Seymour Project, continues to show strong grades and multiple pegmatite occurrences, indicating possible stacked pegmatites or a larger intrusive system.
Maiden exploration target
The success of GT1’s fieldwork along with historical data from three target areas — the Despard, Swole and Tape prospects — give the company confidence to progress to the next phase of exploration with a maiden conceptual exploration target over the Junior project.
The estimated range of potential lithium mineralisation is 4 million to 9 million tonnes at a grade of 1.0-1.5% lithium oxide.
GT1 recognises that the Junior Project has the potential to significantly augment its Eastern Hub resource base and play a crucial role in providing long-term feed for the planned concentrator at the Seymour Project.
The company explained: “The Junior Project is the next part of the Eastern Hub development strategy and resource development at the project will play a crucial role in delivering long-term feed to the planned concentrator planned at the Seymour Project.
“Like many other spodumene projects globally, the Eastern Hub has the potential to host multiple deposits that are of economic relevance to the Seymour concentrator.”
Exploration success
Recent field exploration identified significant extensions to the known spodumene mineralisation at Junior, including the discovery of a new mineralised zone at the Despard prospect and extensions to previously mapped zones where rock chips returned high grades of up to 5.06% lithium oxide.
The new zone was discovered and mapped along 200 metres of strike, southwest of previously identified pegmatites.
Despard Prospect area target areas including high-grade rock chip sample results.
“The discovery of a new mineralised zone at Despard and the extension of previously mapped zones demonstrates how underexplored and prospective the area is, further substantiated by high-grade results up to 5.06% lithium oxide," the company said.
“There is still a lot more ground to cover at Junior and historic work to validate but this field season has highlighted that our exploration strategy is effective. We are eager to continue exploring, making new discoveries and generating new targets ahead of our maiden drill program at Junior.”
Spodumene-bearing pegmatite outcrops on Main Zone at Despard.
Drilling ahead
With the interpretation of this fieldwork now complete, the company is planning its maiden drill program for the Despard area, set to commence after a Heritage Resources Impact Assessment (HRIA) over the area is complete.
GT1 has received a drilling permit and a two-phase, 6,900-metre maiden diamond drilling campaign will commence once final approval is received from Indigenous partners.
Phase 1 exploration drilling will cover 3,450 metres with the possibility of an additional 3,450 metres in Phase 2, contingent on the success of Phase 1.
Read more on Proactive Investors AU
