Green Technology Metals Limited announced that it has significantly increased its landholding in Ontario, Canada, via its wholly owned subsidiary Lithium Triangle Resource Ltd.
The Company has increased its tenement base from 9,467 hectares to 35,576 hectares through execution of multiple option agreements and tenement pegging activities. The new landholdings surround GT1's existing projects, Seymour and Root, as well as being in a new project area named "Allison" and select other project areas (Pennock Lake, Root Bay, Superb Lake and Gathering Lake). Existing Project Expansion; Seymour: As previously announced, GT1 has pegged 439 new mining claims around Seymour for a total addition of 9,029 hectares. This holding extends to the north of Seymour reaching into the Archean Green Stone Belt which hosts locally known LCT pegmatites. Root: GT1 has now substantially increased its claim holding around the north-east area of the Root Project (through pegging of a further 2,993 hectares). This holding now extends to the east reaching into the Archean Green Stone Belt which is prospective for LCT pegmatites and locks up the remaining belt shared with international mining companies exploring for lithium, gold and base metals. Allison Lithium Project; GT1 has entered binding option agreements with two unrelated parties to acquire claim packages covering 6,968 hectares in the Allison area. This is in addition to the 125 claims previously pegged in this area for 2,630 hectares. The Allison Batholith is a multiphase intrusion that is highly prospective for evolved LCT type pegmatites. F.W. Breaks (renowned Ontario Geological Survey geologist responsible for discovery of Avalon's Separation Rapids Lithium Deposit and instrumental in the early development of Frontier Lithium's PAK deposit) described the Allison Lake area in 2003. Other Project Areas: Pennock Lake, Root Bay, Super Lake and Gathering Lake; GT1 has also entered into an option agreement with Solstice Gold Corporation to acquire 31 mining claims across 4 locations: Pennock Lake, Root Bay, Superb Lake and Gathering Lake . Key features of these new project areas include: Pennock Lake: geologically mapped spodumene pegmatites4, source OGS MP053, 1972, directly adjacent to Frontier Lithium PAK and Spark Projects; Root Bay: borders Evolution Mining's substantial Greenstone land package and along strike of GT1's Root Project; Superb Lake: hosts rare-element and spodumene bearing pegmatites indicative of fertile peraluminous granites5, source Breaks et al 2006 & 3 MNDM registered rare earth pegmatites, located north-east of Rock; Tech and proximate to GT1's Seymour Project. Gathering Lake: hosts multiple pegmatites, north-east of the Barbara Lake pegmatite field and historical sampling noting fractionation minerals in abundance. 6 Source Breaks, OFR 6120, 6199.