VANCOUVER, April 19 /CNW/ - The Board of Directors of Rock Tech Resources Inc. ("Rock Tech" or the "Company") announces the formation of its Technical Advisory Board. The nominations to its Technical Advisory Board will allow the Company to develop proprietary technical processes to produce lithium carbonate (Li(2)CO(3)) of high purity.
Rock Tech's Board of Directors is pleased to announce that it has appointed Mssrs. Alain Zubrzycki and Luc Lamarche to the Company's Technical Advisory Board. Mssrs. Zubrzycki and Lamarche were principals of Lithos Corporation and its subsidiary Limtech Inc., during which time they made significant contributions to developing a process yielding battery grade Li(2)CO(3) and in developing a chlorination process to produce lithium metal. Mssrs. Zubrzycki and Lamarche both have over 20 years experience in exploration and project management in the mining and metallurgical field. Their knowledge of the lithium markets and end users will no doubt significantly contribute to the growth of the company.
"We are extremely proud to have Mssrs. Zubrzycki and Lamarche join our Technical Advisory Board. Their expertise for processing Li(2)CO(3) will allow us to develop proprietary processes to purify Li(2)CO(3) from spodumene from our own projects in James Bay (northern Quebec) and Georgia Lake (Thunder Bay mining district), but it will also allow us to farm out our technology or become service providers to other Li(2)CO(3) producers," stated Afzaal Pirzada, Company Director. He added, "This is one more step bringing us closer to securing high purity Li(2)CO(3) to end users."
Mssrs. Zubrzycki and Lamarche will also collaborate with Afzaal Pirzada, the Company's Vice President of Exploration and Interim President & CEO in developing and executing exploration and development programs for the Company's Georgia Lake and Kapiwak lithium and rare metals projects.
MSSR. ALAIN ZUBRZYCKI - Biography
Mssr. Zubrzycki graduated from the University of Western Ontario (London, ON) with a B.Sc. (Geophysics) in 1987 and earned his Masters degree (Economics) from the University of Quebec at Montreal (UQAM) in 1993. Mssr. Zubrzycki has over twenty years experience in exploration and in project management in the mining and metallurgical field. He worked with a consortium to develop new processes to purify Li(2)CO(3) as well as produce lithium chloride. He has also managed mining operations in Peru and in Quebec. Mssr. Zubrzycki has a thorough knowledge of the central agencies of the Federal government as he has worked, among others, for the Department of Finance, the Treasury Board, the Privy Council and the Department of Foreign Affairs. Mssr. Zubrzycki is fluent in four languages and is presently President of Thermoroc Inc., a geological and geophysical consulting firm. He is also President of Les Forages Liegeois, a drilling firm based in Montreal, QC, specializing in environmental and geotechnical drilling.
MSSR. LUC LAMARCHE - Biography
Mssr. Lamarche, P.Geo., is a geologist and a qualified person as defined in NI43-101. For more than 25 years, he has been a consultant, director and officer of several Canadian mining companies. Most recently he was a director and officer of Alma Resources, Explor Resources and Lithos Corporation. Mssr. Lamarche has been part of the discovery team of a number of deposits in Canada, including Sakami gold discovery. Mssr. Lamarche was the founder of Abitibi Lithium Corporation in 1990, along with his partner Mssr. Georges H. Dumont, who discovered the deposit that became the Quebec Lithium Mine, which from 1955 to 1965 produced lithium and which soon be taken back into production. He discovered and developed the Sirmac, Moblan, Lacorne properties in Quebec, was a principal founder of Lithos Corporation in 1995 and its subsidiary Limtech Corporation, which were both involved in the development of lithium properties and revolutionary and proprietary Li(2)CO(3) metallurgical processes, was a key member of technical team that developed spodumene concentrate process and technology to bring lithium carbonate to 99.999% purity, and has participated in the development of lithium market opportunities with Japanese, Chilean, German and Canadian companies.
ABOUT THE COMPANY
Rock Tech is a lithium exploration, development and lithium carbonate processing company. The Company's core projects are its 100% owned Kapiwak Lithium Project in the James Bay area of northern Quebec, and Georgia Lake Lithium Project in the Thunder Bay Mining District.
The Kapiwak Lithium Project, an early stage exploration project, consists of 123 claims covering over 6,400 hectares. This project was the subject of ground exploration work carried out by the Company in the summer of 2009. Sample results showed lithium oxide grades of up to 1.47%. Rock Tech's Kapiwak Lithium Project borders on the southern edge of Lithium One's lithium oxide discovery, and is located 5 kilometres to the north of Dios Exploration and Sirios Resources and 40 kilometres to the northeast of First Gold's lithium and rare metals discoveries.
The Georgia Lake Lithium Project is comprised of 64 mining claims covering 11,481 hectares in 652 claim units, and 61 mining leases covering 1,049 hectares area over three claim blocks. Over the three claim blocks, there is a historical resource of 9 million tons at 1.14% lithium oxide(1) based on over 200 drill holes with a total of 33,000 metres diamond drilling carried out in the late 1950's. Underground development carried out during that period on the Nama Creek claim block, which was set to go into production in the late 1950's, included a vertical four-compartment shaft sunk to a depth of 153 metres. Exploration drilling results from December 2009 indicate 1.62% lithium oxide over 10.5 metres and 1.54% lithium oxide over 8.9 metres. Rock Tech's immediate plan is to bring the historical resource to current NI 43-101 standards, and carry out development and metallurgical work to further expand on the historical work.
(1) A qualified person has not done sufficient work to classify the historical estimate as current mineral resources, the issuer is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.
With the formation of the Company's Technical Advisory Board and the announcement of Mssrs. Alain Zubrzycki and Luc Lamarche, Rock Tech is now positioned with the technical process to purify Li(2)CO(3). The mandate for the Technical team will be to continue to work on enhancing the Li(2)CO(3) purification process, as well as processes to extract other rare metals from its host rocks.
ON BEHALF OF THE BOARD OF DIRECTORS,
Director, Vice President Exploration, Interim President and CEO
Disclaimer and Cautionary Statement Regarding Forward-Looking Information
Neither 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.
The historical resource estimate cited in this press release are taken from Ontario Department of Mines Geological Report No. 31 titled, "Geology and Lithium Deposits of Georgia Lake Area", by E.G. Pye, 1965. The author of the report took resource estimates from the assessment reports filed by previous operators, and other available sources. The company believes that the estimate is relevant to an appraisal of the merits of the property because it was based on drilling, trenching and other exploration work in each claim block on the property, and because there is no evidence of any subsequent resource estimation work on the property. No additional recent data on resource estimates are available in the public domain. No additional work has been completed by a qualified person to classify the historical resource estimate as a current resource or reserve. The company is not treating the historical resource as a current mineral resource or reserve. The historical resource estimate should not be relied on and does comply with NI43-101 standards.
Rock Tech Resources Inc. seeks safe harbor.
SOURCE Rock Tech Lithium Inc.
For further information: For further information: Eunho Lee, VP Corporate Development, Rock Tech Resources Inc., Suite 400, 789 West Pender Street, Vancouver, B.C., V6C 1H2, Telephone: (604) 688-1140, Facsimile: (604) 688-1173, E-mail: firstname.lastname@example.org