Rock Tech Lithium Inc. (TSXV:RCK,FWB:RJIA) is a Canadian-based exploration company focused on developing its lithium and graphite properties in Canada. Since 2009, the Company’s primary focus has been its Georgia Lake lithium project; however, in 2012 the Company acquired and began actively exploring the Lochaber graphite property. Moving forward, Rock Tech intends to develop both the Georgia Lake lithium and Lochaber graphite properties.
- Company carries no debt and has $.75 million (CAD) on hand
- NI 43-101 resource estimate on the Georgia Lake lithium project
- Actively exploring its Lochaber graphite property
- Experienced management and geological team with a proven track record
Lochaber – near Gatineau, Quebec
In April of 2012, Rock Tech acquired the option to obtain a 100% interest in the Lochaber property. At that time, the Lochaber graphite property consisted of 32 mineral claims, covering 1,922.75 hectares in the Buckingham Region of Lochaber Township, 45 kilometres to the northeast of Gatineau, Quebec. In late 2012, the Company staked an additional 120 claims in the surrounding area increasing the property size to 9,522.75 hectares. The Property is considered prospective for the more valuable large flake graphite , crystalline graphite, and the region boasts an historic record of exploration and production. The numerous flake graphite occurrences on the property are some of the oldest graphite showings in Canada, having been first discovered in the late 1800’s and early 1900’s. Distributed over a 16 square kilometre area of the original 32 claims are three historical graphite occurrences and two past producing graphite mines. The graphite occurrences are referred to as the Burke, Kelly and McLaren occurrences while the past producing graphite mines are referred to as the Plumbago and Mayo mines.
The graphite mineralization encountered on the property thus far is associated with gneissic rocks in contact with limestone-marble in a shear zone and occurs as large crystalline flakes with a shiny metallic lustre. Historical resource estimates of approximately 90,654 tons (or 82,263 tonnes) at 8% graphite or 59,609 tons (or 54,091 tonnes) at 10% graphite were obtained by the Company from drilling data completed in the 1980’s which was comprised of 39 drill holes over 3,110 metres in the areas surrounding the Kelly, McLaren and Burke occurrences. Metallurgical tests carried out in 1941, on samples from the Kelly occurrence, resulted in a head grade of 21.17% carbon. The graphite material was concentrated by floatation, dried and screened on 65 mesh (0.212 mm), 120 mesh (0.125 mm) and 150 mesh (0.106 mm). More than one-third (34.37%) of the material was coarser than 0.212 mm and assayed 87% carbon. A second sample, with head grade of 23.53% carbon and concentrated by floatation, indicated 31.27% material coarser than 0.212 mm and assayed 84.5% carbon.
The Burke Occurrence: this particular occurrence is 1.3m to 3m wide and 120m long with 10% to 15% graphite. Graphite bearing muck was found approximately 450m to the West of this occurrence indicating that the graphite mineralization associated with the Burke occurrence may continue further to the West along strike.
The Kelly Occurrence: this particular occurrence consists of two parallel zones explored about 90 metres along strike. One zone is approximately 8 metres wide while the other zone, located 3 metres to the east, is about 1.6 meters wide. Each zone contains 15% to 20% coarse flake graphite.
The McLaren Occurrence: the mineralization on this particular occurrence, located south of the Kelly occurrence, is mostly associated with marble unit and quartzofeldspathic gneiss. This occurrence was defined as one of the richest graphite bearing zones, after interpreting the data from drill holes completed in 1986, which resulted in 12.74 metres of 10.51% graphite.
The Plumbago Mine: this past-producing mine, located about 5 kilometres south of the Kelly occurrence, produced approximately 545 tonnes of graphite from a 12 metre wide open pit. The graphite mineralization in this area is in the form of coarse flakes within sheared paragneiss rocks. Flake graphite and slabs of graphite are widely disseminated in this zone with visual estimation of 10% to 15% graphite over an average width of 9 metres.
The Mayo Mine: this past-producing mine, located approximately 6 kilometres north of the town of Mayo, was discovered in 1864. A graphite showing in this area shows up to 20% graphite disseminated in crystalline marble rocks.
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Surface samples collected by the Company in May 2012 indicated up to 22% graphitic carbon (“Cg”), with an average grade of over 10% Cg. The historical exploration data has helped define targets for geophysical surveying, trenching and diamond drilling. In the last quarter of 2012, the Company carried out 35.17 line-kilometers of a magnetic survey in addition to 33.7 line-kilometers of Horizontal Loop Electromagnetic (“HLEM”) surveying, in the area surrounding the Plumbago mine. Analysis of the survey data outlined five electromagnetic conductors in addition to several wide and intense magnetic anomalies.
Rock Tech began drilling these targets in October and successfully tested the extension of graphite mineralization to the north along an electromagnetic high zone. This conductor, now with a strike length exceeding one-half of a kilometre, remains open to the north and south and at depth. The assay results from the first round of drilling have exceeded expectations and indicates the resource potential of the property. A second electromagnetic conductor has been traced for 300 metres along strike and also remains open along strike and at depth.
An additional positive for the project is the fact that the Plumbago area represents less than 13% of the claims under option with surface samples from other areas of the property showing the potential for further high-grade graphite mineralization. Drilling continues on the Plumbago area and will further test the extensions of the previously identified electromagnetic conductors.
Georgia Lake Lithium Project (NW Ontario)
Rock Tech’s 100% owned Georgia Lake lithium project, consisting of 81 mining leases and 81 mining claims, covers 12,681 hectares in the Thunder Bay Mining District of northwest Ontario. The original claim blocks, acquired in December 2009, were the subject of more than 33,000 metres of drilling in the 1950s. This drilling resulted in an historic resource of 9.8 million tons (8.87 million tons), with an average grade of 1.18% lithium oxide*, being delineated on the property.
After conducting confirmatory and step-out drilling on the Nama Creek and Conway claims, the Company released a maiden NI 43-101 resource estimate in October 2011. The historic resource that was the subject of drilling represented just 5.4 million tonnes of the total 8.87 million tonnes, or 61%, of the historic resource. The maiden NI 43-101 compliant resource estimate delineated an indicated resource of 2.36 million tonnes at 1.17% Li2O in addition to an inferred resource of 4.36 million tonnes at 1.07% Li2O.
In September of 2012, Rock Tech prepared and released an updated resource estimate using data collected from step-out drill holes and trenching. The updated NI 43-101 resource estimate, based on the same historical footprint as the maiden NI 43-101 resource estimate, delineated an indicated resource of 3.19 million tonnes at 1.10% Li2O in addition to an inferred resource of 6.31 million tonnes at 1.00% Li2O.
The Georgia Lake project has the potential for significant lithium resource expansion and, to date, the results of prospecting, surveying and drilling have indicated showings of other rare metals such as rubidium, beryllium, niobium, cesium and tantalum.
A production decision was made by a past operator, Nama Creek Mining Corporation, in the late 1950s. At that time, Nama Creek Mining Corporation spent in excess of CAD$5 million to build out the infrastructure (power lines, roads, etc.) and construct and sink a four compartment mine shaft to a depth of over 150 metres and to mine lithium from spodumene ore.
Rock Tech Lithium Inc. is a Canadian-based exploration company focused on developing its lithium and graphite projects in Canada.
Dirk Harbecke, MBA – Director
Mr. Harbecke is currently the CEO of ADC African Development Corporation, a financial services group focused on providing operational management, investment banking and merchant banking services to the banking and insurance markets in sub-Saharan Africa and other select frontier markets. Mr. Harbecke possesses more than sixteen years of experience as a manager, entrepreneur and consultant in the financial and information and communications technology industries. Mr. Harbecke has significant project and managerial experience in France, the UK, China, Abu Dhabi/Dubai, the US, North Africa and many countries in sub-Saharan Africa.
Dr. Christian Schlag, Ph.D. (Geology), M.Sc. (Economic Geology) – Director
Dr. Schlag has served as the Senior Exploration Geologist for Goldfields South Africa, as the Economic Research Officer of the Geological Survey of SW Africa (Namibia), as Senior Lecturer at the University of Calaber (Nigeria), as Political Advisor for the Konrad Adenauer Foundation (Tanzania), as Consultant to the Indonesian Ministry of Mines and Energy and United Nations Industrial Development Projects (Indonesia) and was a member of the Deustche Forschungs Gemeinschaft (German Research Foundation). Additionally, Dr. Schlag consults on exploration projects for rare earth metals, uranium, gold, diamonds and heavy minerals throughout Africa and Asia and was instrumental in the discovery of the Marenica uranium project in northern Namibia.
Victor Goncalves, B.A. – Director
Mr. Goncalves has a strong economics background with nearly ten years as a successful market analyst and consultant for several funds including The Harvard Management Fund. Additionally, Mr. Goncalves was the founder and director of The Equities and Economics Report where he successfully predicted several major inflection points in the markets. Mr. Goncalves is the current CEO of Threegold Resources and continues to write for Barron’s Magazine, Resource Magazine, Kitco and other successful internet newsletters.
Afzaal Pirzada – M.Sc. (Geology), PGeo – Director, Vice President of Exploration, and interim CEO
Mr. Pirzada has nearly thirty years of international experience in mineral exploration and mining. He is registered as a Professional Geologist in British Columbia, the Northwest Territories and Nunavut. Early in his career, Mr. Pirzada was responsible for uranium exploration with the Atomic Energy Minerals Centre of Pakistan. Since coming to Canada, he has led exploration projects for spodumene, iron ore, nickel, PGE and titanium. Mr. Pirzada is a Qualified Person as defined in National Instrument 43-101 and is responsible for all aspects of Rock Tech’s exploration programs.
Chuck E. Jenkins, B.A. & CGA – Chief Financial Officer
Mr. Jenkins has held senior financial positions with publicly trading companies including Oromex Resources Inc., White Mountain Titanium Corporation and Aurcana Corporation and is the current CFO for Evolving Gold Corp. He has also worked in a corporate finance and regulatory compliance capacity with three leading brokerage firms and served with the British Columbia Securities Commission. Mr. Jenkins obtained his BA in 1977 and has held his CGA designation since 1983.