Green Technology Metals (ASX:GT1) set to begin drilling at Central Aubry – The Market Herald
- Lithium exploration and development company Green Technology Metals (GT1) reveals it is ready to proceed to drilling at Central Aubry on its Seymour lithium project in Canada
- It comes as the company says Phase 1 drilling at North Aubry is now 70% complete and ahead of schedule
- The second phase of drilling, which is expected to begin soon, will include a 31-hole, 5,100-meter diamond program that the company says will focus on the Central Aubry pegmatite zone.
- Green Technology shares rose 7.05%, trading at 83.5 cents at market close
Lithium exploration and mining company Green Technology Metals (GT1) has revealed that it is ready to move into drilling at Central Aubry on its Seymour lithium project in Ontario, Canada.
It comes as the company says phase one drilling at North Aubry is now 70% complete and ahead of schedule.
Four additional holes have been added to the program, increasing the 11 already completed to 15.
Assay results from the first drill hole showed 40 meters at 1.54% lithium oxide. The remaining assay results from the first phase are expected later this month.
The second phase of drilling, which is expected to begin soon, will include a 31-hole, 5,100-meter diamond program, which the company says will focus on the Central Aubry pegmatite zone.
Green Technologies said their desire to drill test this area was prompted by recent airborne magnetic surveys as well as ground penetrating radar which identified the potential for mineralized pegmatite structures extending into the central part of Aubry. .
Historic channel samples showed up to 4.14% lithium oxide, which the company says confirms the existence of LCT pegmatites in the area.
Green Technologies CEO Luke Cox said the phase one drilling faced unprecedented challenges, but staff managed to exceed expectations on budget and ahead of schedule.
“This performance was achieved in the face of the Omicron COVID-19 variant, which saw the proactive relocation of our drilling operations team and services to discreet accommodation out of an abundance of caution,” he said.
“I am extremely proud of the entire GT1 Ontario team for what has been accomplished during this time.”
Green Technology rose 7.05%, trading at 84 cents at market close.