Green Technology Metals (ASX:GT1) moves to next phases of drilling at Seymour – The Market Herald

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  • Green Technology Metals (GT1) begins phase two of drilling at the Central Aubry deposit as part of its Seymour lithium project in Ontario, Canada
  • The next round of drilling follows the first phase of drilling at the North Aubry deposit, the 16 holes of which intersected pegmatite along strike and down dip.
  • A total of 31 drill holes are planned in the largely untested central area where previous surveys have identified a series of moderately northeast dipping stacked structures
  • With a second rig available at the site, the company has decided to also accelerate phase three exploration drilling at the Pye deposit.
  • At market close, the company’s shares were trading up 7.14% at 75 cents

Green Technology Metals (GT1) has started phase two of drilling at the Central Aubry deposit as part of its Seymour lithium project in Ontario, Canada.

The company currently owns a 51% interest in the Ontario Lithium Projects, which includes the Seymour Project, in a joint venture with Ardiden (ADV).

GT1 has the right to acquire an additional 29% stake via the payment of $3.5 million in shares within 12 months of its IPO.

The next round of drilling at Seymour follows the completion of a phase one drill program at the North Aubry deposit, all 16 of which drilled holes intersected along-strike and down-dip pegmatite.

Given the ongoing northern extension potential at North Aubry, GT1 has planned further extension drilling in the short term.

Assays are pending for 13 completed holes at North Aubry and, once received, will be incorporated into an updated mineral resource estimate which is expected to be completed in the second quarter of this year.

A total of 31 drill holes are planned in the largely untested central area where previous surveys have identified a series of moderately northeast dipping stacked structures.

According to Green Technology, the structures have been extrapolated to the surface with recent geological mapping confirming pegmatite occurrences in this area.

With a second diamond drill rig available on-site, the company has decided to accelerate phase three exploration drilling at the Pye deposit in conjunction with work at Central Aubrey.

With geophysical surveys and extensive ground-truthing work undertaken at Pye over the past six months, managing director Luke Cox said it was a “really compelling” target at Seymour.

A first 26-hole drill hole is planned to target a lithium-cesium-tantalum pegmatite that is exposed at surface and measures approximately 18 meters wide by 84 meters long.

Subsequently, drilling will expand and target geological and geophysical features considered favorable for lithium mineralization.

At market close, the company’s shares were trading up 7.14% to 75 cents.

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