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News
17.11.2010
ROCK TECH TO PRESENT AT RARE EARTH SEMINAR AT CANADIAN EMBASSY, TOKYO
ROCK TECH TO PRESENT AT RARE EARTH SEMINAR AT CANADIAN EMBASSY, TOKYO
Vancouver, British Columbia, November 17 2009 – Rock Tech Lithium Inc. (TSX-Venture: RCK | Frankfurt: RJIA | OTC Pink Sheets: RCKTFF) (“Rock Tech” or the “Company”) is pleased to announce it has been invited to present at the Rare Earth Seminar at the Canadian Embassy in Tokyo, Japan on Friday, November 19, 2010. Rock Tech is one of nine Canadian companies selected by invitation by the Canadian Embassy and Japanese corporate and government partners.
The purpose of the seminar is to provide Japanese companies and government agencies with a comprehensive overview of Canada’s potential with respect to rare earth elements and secondly to provide Canadian mining companies the opportunity to showcase their properties to potential Japanese investors and importers. With the difficulties now being experienced by Japanese companies importing rare earth elements from China, it is increasingly clear that a shortage of rare earth elements would have a detrimental impact on Japan’s hi-tech and automotive industries. Japan is working urgently to diversify sources of supply, particularly by developing new mines abroad and the Japanese government plans to allocate some 100 billion yen ($1.2 billion USD) to improve rare earth supplies in an extra budge for the current fiscal year, roughly half of which is earmarked for overseas mining projects.
Eunho Lee, President and CEO, commented, “We are pleased to be participating in such a prestigious and important seminar. The caliber and quality of the participating companies and delegates from the Japanese government and industry is impressive, and the engagement of potential partnerships that may result from these meetings is closely aligned with the corporate strategy that has been mapped out for Rock Tech.”
About Rock Tech Lithium Inc.
Rock Tech Lithium Inc. is a Canadian based resource company focused on acquiring, exploring and developing high-quality lithium and rare metals properties.
The Company's strategy is to acquire and develop lithium properties that are at various stages of development -- from early-stage exploration projects to advanced-stage exploration projects that have been the subject of prior work programs and/or contain historic resources that can be brought to modern day NI43-101 standards and positioned for production within a reasonable timeframe.
The Company holds a 100% interest in the Georgia Lake lithium project, located in the Thunder Bay Mining District of northwest Ontario, an advanced stage exploration project that contains a historic resource estimate of nearly 10 million tons with grades of 1.18% lithium oxide (Li2O)* based on over 33,000 metres of drilling. The Georgia Lake lithium property consists of four claim blocks covering 11,481 hectares. An exploration drill program, with the objective of bringing the historic resource to NI43-101 standards, is currently underway.
In addition to the Georgia Lake lithium project, Rock Tech holds a 100% interest in an early stage lithium project in the Kapiwak Pegmatite region of the James Bay area of Quebec, which covers 6,400 hectares. The Kapiwak Pegmatite region is a new discovery area, with a number of other resource companies having successful exploration results for lithium and rare metals such as rubidium and beryllium. The Company has conducted preliminary ground exploration work consisting of surface sampling which showed average Li2O grades of 1.47% and grades of interest for niobium, beryllium and tantalum.
ON BEHALF OF THE BOARD OF DIRECTORS
“EUNHO LEE”
President and CEO
For more information, please contact:
Eunho Lee, President and CEO
Rock Tech Lithium Inc.
789 West Pender Street, Suite 400
Vancouver, British Columbia., V6C 1H2
Telephone: (604) 688-1140
Email: info@rocktechlithium.com
Website: www.rocktechlithium.com
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.
Except for historical information contained herein, the statements in this News Release may be forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Rock Tech Lithium Inc.’s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of commodity prices, product demand, market competition, and risks inherent in Rock Tech Lithium Inc.’s operations. The mineralization reported on the adjacent properties by other operators is not necessarily extending or present on Rock Tech’s property. Rock Tech Resources Inc. seeks safe harbor.
A qualified person as defined by NI43-101 has not done sufficient work to classify the historical resource estimate as current mineral resources. Rock Tech Lithium Inc. is not treating the historical resource estimate as current mineral resources and the historical estimate should not be relied upon.
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Vancouver, British Columbia, November 17 2009 – Rock Tech Lithium Inc. (TSX-Venture: RCK | Frankfurt: RJIA | OTC Pink Sheets: RCKTFF) (“Rock Tech” or the “Company”) is pleased to announce it has been invited to present at the Rare Earth Seminar at the Canadian Embassy in Tokyo, Japan on Friday, November 19, 2010. Rock Tech is one of nine Canadian companies selected by invitation by the Canadian Embassy and Japanese corporate and government partners.
The purpose of the seminar is to provide Japanese companies and government agencies with a comprehensive overview of Canada’s potential with respect to rare earth elements and secondly to provide Canadian mining companies the opportunity to showcase their properties to potential Japanese investors and importers. With the difficulties now being experienced by Japanese companies importing rare earth elements from China, it is increasingly clear that a shortage of rare earth elements would have a detrimental impact on Japan’s hi-tech and automotive industries. Japan is working urgently to diversify sources of supply, particularly by developing new mines abroad and the Japanese government plans to allocate some 100 billion yen ($1.2 billion USD) to improve rare earth supplies in an extra budge for the current fiscal year, roughly half of which is earmarked for overseas mining projects.
Eunho Lee, President and CEO, commented, “We are pleased to be participating in such a prestigious and important seminar. The caliber and quality of the participating companies and delegates from the Japanese government and industry is impressive, and the engagement of potential partnerships that may result from these meetings is closely aligned with the corporate strategy that has been mapped out for Rock Tech.”
About Rock Tech Lithium Inc.
Rock Tech Lithium Inc. is a Canadian based resource company focused on acquiring, exploring and developing high-quality lithium and rare metals properties.
The Company's strategy is to acquire and develop lithium properties that are at various stages of development -- from early-stage exploration projects to advanced-stage exploration projects that have been the subject of prior work programs and/or contain historic resources that can be brought to modern day NI43-101 standards and positioned for production within a reasonable timeframe.
The Company holds a 100% interest in the Georgia Lake lithium project, located in the Thunder Bay Mining District of northwest Ontario, an advanced stage exploration project that contains a historic resource estimate of nearly 10 million tons with grades of 1.18% lithium oxide (Li2O)* based on over 33,000 metres of drilling. The Georgia Lake lithium property consists of four claim blocks covering 11,481 hectares. An exploration drill program, with the objective of bringing the historic resource to NI43-101 standards, is currently underway.
In addition to the Georgia Lake lithium project, Rock Tech holds a 100% interest in an early stage lithium project in the Kapiwak Pegmatite region of the James Bay area of Quebec, which covers 6,400 hectares. The Kapiwak Pegmatite region is a new discovery area, with a number of other resource companies having successful exploration results for lithium and rare metals such as rubidium and beryllium. The Company has conducted preliminary ground exploration work consisting of surface sampling which showed average Li2O grades of 1.47% and grades of interest for niobium, beryllium and tantalum.
ON BEHALF OF THE BOARD OF DIRECTORS
“EUNHO LEE”
President and CEO
For more information, please contact:
Eunho Lee, President and CEO
Rock Tech Lithium Inc.
789 West Pender Street, Suite 400
Vancouver, British Columbia., V6C 1H2
Telephone: (604) 688-1140
Email: info@rocktechlithium.com
Website: www.rocktechlithium.com
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.
Except for historical information contained herein, the statements in this News Release may be forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Rock Tech Lithium Inc.’s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of commodity prices, product demand, market competition, and risks inherent in Rock Tech Lithium Inc.’s operations. The mineralization reported on the adjacent properties by other operators is not necessarily extending or present on Rock Tech’s property. Rock Tech Resources Inc. seeks safe harbor.
A qualified person as defined by NI43-101 has not done sufficient work to classify the historical resource estimate as current mineral resources. Rock Tech Lithium Inc. is not treating the historical resource estimate as current mineral resources and the historical estimate should not be relied upon.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA77273P1027">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA77273P1027</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.