Assays Confirm High Grade Intersections at Cancet

18m @ 3.71% Li2O and 301 ppm Ta2O5 from 8m Depth at Cancet

Cobalt and lithium developer MetalsTech Limited (ASX:MTC) is pleased to announce exceptional drill intersection assays at the Company’s 100%-owned Cancet Lithium Project in Quebec, Canada.

Highlights:

  • Exceptional near surface drill assay results from the first batch of drill core assayed which comprised of two prioritised drill holes:
    • MTC17-015 assayed 18.00m @ 3.71% Li2O and 301 ppm Ta2O5 from 8m depthincluding:
      • 5.00m @ 4.10% Li2O and 114 ppm Ta2O5 from 12m; and
      • 8.00m @ 3.59% Li2O and 489 ppm Ta2O5 from 18m
    • MTC17-002 assayed 5.08m @ 2.67% Li2O and 323 ppm Ta2O5 from 9m depth;including:
      • 2.08m @ 4.78% Li2O and 614 ppm Ta2O5 from 12m
    • Assays from second batch of drill holes expected over the coming weeks
    • Ore profiling and initial metallurgical test work now completed by NAGROM and Primero – report with complete analytical results expected shortly
    • Drilling continues to extend strike of the mineralised pegmatite

Commenting on recent results, Executive Director Mr Gino D’Anna stated:

These results confirm our thesis that Cancet has the potential to host an exceptionally high grade lithium deposit very close to surface. It is located only a few kilometres from low cost hydro-power and an existing provincial highway, so if we continue to extend strike and grow tonnes, we will be well positioned to deliver a world class low cost mine.

The fulll announcement can be found by CLICKING HERE