MetalsTech Completes Phase II Drilling at Cancet Lithium Project

MetalsTech (MTC or the Company) is pleased to announce it has completed its Phase II diamond drilling program at its Cancet Lithium Project in Quebec, Canada.

Highlights: 

  • ~1,500m diamond core drilling campaign across 18 drill holes has been completed at the 100% owned Cancet Lithium Project where the Company has delineated ~1.2km of mineralised pegmatite strike starting at surface
  • Drilling campaign was designed to extend strike, dip, and plunge continuity of the pegmatite, as well as test the newly discovered pegmatite outcrop ~1km east of the existing strike
  • Individual drill sites were identified within the main zone as well as along strike and at the new pegmatite discovery using the existing resource model and the results of the field mapping and magnetic survey
  • Holes were drilled on an iterative basis with additional drill sites selected based on spodumenebearing pegmatite intersections encountered
  • Results from drill program will underpin maiden resource estimation and delivery of scoping study and support ongoing strategic and end-user discussions
  • Cancet boasts excellent infrastructure including major highway and high voltage power in close proximity

Commenting on the completion of drilling, Executive Director Mr Gino D’Anna stated:

“We are excited to have completed our Phase II drilling campaign at Cancet and look forward to updating shareholders following receipt of the laboratory assay results. Geological logging is currently being finalised and once complete, the Company will release the results of the spodumene modal estimate for each completed drill hole.

“Since our last drill campaign we completed a range of surface mapping, geochemistry and magnetic investigations which allowed us to maximise our drilling efforts during this campaign.

“We have achieved excellent metallurgical and mineralogy testing results on representative drill core – resulting in increased interest from potential strategic partners and end users.”

The full announcement can be found by CLICKING HERE