Rock Tech Exercises Option to Acquire 100% of Lochaber Graphite Property
27.05.2013 | The Newswire
Vancouver, British Columbia, Canada, May 27, 2013 - Rock Tech Lithium Inc. (TSX-V: RCK; Frankfurt: RJIA) (the "Company" or "Rock Tech") announces that it has exercised the option to acquire a 100% interest in the thirty-two mineral claims subject to the property option agreement dated April 20, 2012.Since obtaining the option to acquire a 100% interest in the Lochaber graphite property, Rock Tech has collected surface samples, completed geophysical surveying, conducted over 7,000 metres of drilling, completed seven trenches and has begun preliminary metallurgical tests assessing the purity and flake size distribution of the graphite mineralization.
"The results of the exploration activities we have completed thus far have exceeded our initial expectations. By securing this project, the Company now has 100% ownership of two quality assets that we are confident can add significant value for our shareholders," said Afzaal Pirzada, Rock Tech's Vice President of Exploration and interim CEO.
The Company's short-term exploration objectives include commissioning a preliminary economic assessment ("PEA") at its Georgia Lake lithium project in Ontario and completing a maiden NI 43-101 compliant resource estimate at its Lochaber graphite project in Quebec.
The technical information contained in this news release has been reviewed by Afzaal Pirzada, P.Geo., Vice President of Exploration and interim CEO of the Company and a Qualified Person as defined in NI 43-101.
On behalf of the Board of Directors,
"Afzaal Pirzada"
Afzaal Pirzada, P.Geo.
Director, Vice President of Exploration and interim CEO
For more information, please contact:
Brad Barnett
Vice President of Corporate Finance and Development
Rock Tech Lithium Inc.
789 West Pender Street, Suite 1205
Vancouver, B.C., V6C 1H2
Telephone: (604) 688-1140
Facsimile: (604) 688-1173
Email: bbarnett@rocktechlithium.com
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.
All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.