Green Technology Metals Limited (GT1) has issued an update on the exploration activities conducted at its flagship Seymour Lake Project in Ontario, Canada, saying development activities remain on track to be construction ready by 2024.
Exploration has been focused on the southern Seymour Project area, including accelerated drilling and development activities to fast-track the project into production.
The project area has four high-priority target areas, the Aubry Complex, Pye East Limb, Pye West Limb and Forsythe, in addition to several highly prospective areas with structural and geophysical similarities to the well-mineralised zones at north and south Aubry.
According to the company, drilling to date has focused on the Aubry target areas, with a number of additional target areas still requiring further drilling and exploration.
It noted that the sustained focus on north Aubry would further expand deposit dimensions, both along the strike to the north and with further down dip extension.
According to GT1 CEO Luke Cox, the company has been focused on fast-tracking the Aubry hard rock spodumene deposits at Seymour from exploration to development, noting that it expects the project to be construction ready by 2024.
“Exploration to date on the Aubry deposits has focused on increasing tonnes and increasing confidence levels of material feeding into a centralised concentrator, however a much larger portion of the Seymour project that sits to the north with the same greenstone belt, remains highly prospective yet unexplored for lithium-bearing pegmatites,” he added.
The project consists of 15,140 hectares of 100 per cent GT1-owned claims and is located near the township of Armstrong, approximately 230 km north of the major regional township and port of Thunder Bay.
It has an existing mineral resource estimate of 9.9 Mt at 1.04 per cent lithium oxide, which consists of 5.2 Mt at 1.29 per cent lithium oxide indicated and 4.7 Mt at 0.76 per cent lithium oxide inferred at the north and south Aubry deposit areas.
