Is there another +10Mt lithium resource at Green Technology Metals’ Tape Lake target?

• GT1 commences drilling at flagship 9Mt Seymour, following early exploration success at its Junior lithium project ~20km away
• 7,700m drilling program to upgrade Seymour’s North and South Aubry deposits
• Second rig mobilising in mid-October with numerous priority targets to be tested at Junior in Q1, 2024

Resource drilling is now underway at Green Technology Metal’s flagship 9.9Mt Seymour project, ahead of a maiden program at the potentially very large and untouched Tape Lake target.

Green Technology Metals (ASX:GT1) has big ambitions to be a major player in Canada’s hard rock lithium sector, where it has amassed a 22.5Mt and growing inventory across its project portfolio.

Over the past six months, resources have been focused on the ‘Western Hub’, mainly the 12Mt @ 1.21% Li2O Root Bay deposit.

Meanwhile, a thorough field exploration program (mapping and sampling) was executed across the company’s substantial 560km2 landholding at ‘Eastern Hub’, comprising the Seymour, Falcon, Gathering, Superb, and Junior projects.

The newly acquired Junior in particular holds “immense promise”, the company says, with the multiple pegmatites already discovered at surface — including three drill-ready targets — providing a valuable opportunity to secure additional feedstock for a lithium concentrate plant at Seymour, 20km away.

The Tape Lake zone at Junior now boasts proven grade and multiple occurrences, the company says, indicating the likelihood of “stacked pegmatites or a potentially fertile intrusive system”.

The magnetic response combined with the LiDAR topography shows exciting similarities to other GT1 advanced lithium deposits, Seymour and Root Bay.

Fresh drilling drive at Seymour, Junior

Now, focus has returned to drilling the Seymour project and the planning of maiden drilling campaign at the Tape Lake target.

“This has been a big exploration season for GT1 with field teams covering a large amount of ground over the Eastern Hub, with proven success at Tape Lake, part of the Junior Project, as a highlight, showcasing immense regional potential,” GT1 CEO Luke Cox says.

“Proven grades and multiple occurrences hint at stacked pegmatites or a fertile intrusive system, promising significant expansion of GT1’s eastern-hub resource base.

“As we conclude our field exploration activities for the season, our attention now shifts back to drilling at our flagship Seymour project and the planning of our maiden drilling campaign at Tape Lake.

“The coming months will be busy, with multiple rigs operating simultaneously at our Root Bay deposit and Seymour with ongoing Seymour development activities in the background. Stay tuned for updates on our progress.”

Drilling at Seymour

A 7,736m 58-hole diamond drilling program is set to resume in the coming week designed to upgrade the North and South Aubry deposits.

A second rig will mobilise to site in mid-October to accelerate the drill program ahead of a resource update and in preparation for feasibility studies.

The program will run until December, before maiden diamond drilling (4,000m) at Junior begins in Q1, 2024.

Meanwhile, the company has executed a Renewed Exploration Agreement (EA) with the Whitesand First Nation solidifying support for exploration activities across the Seymour, Falcon, and Junior projects.

“We’re pleased to announce the renewal of our Exploration Agreement with Whitesand First Nation, showing support for Seymour, Falcon, and Junior projects,” Cox says.

“We extend our gratitude to our Indigenous partners for allowing us to work in their Traditional Territory.”

This article was developed in collaboration with Gt1 , a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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