TIDMTM1
Technology Minerals PLC
23 November 2023
23 November 2023
Technology Minerals Plc
("Technology Minerals" or the "Company")
Knockeen Trenching and New Assay Sampling Programme to Commence
at Leinster Lithium Project, Ireland
Programme Targets Historically Reported 1970's Knockeen Trench
Site with 1.8m Wide Bedrock Spodumene Bearing Pegmatite Dike
Technology Minerals Plc (LSE: TM1), the first listed UK company
focused on creating a sustainable circular economy for battery
metals, is pleased to announce that Global Battery Metals Ltd
("GBML"), (TSXV: GBML; OTCQB: REZZF; Frankfurt: REZ) has received
an approved trenching permit from Ireland's Geoscience Regulation
Office (GSRO) in relation to a short programme of trenching at its
Knockeen lithium pegmatite project. The project is progressing
under an ongoing and successful option agreement between GBML and
Technology Minerals which is being operated by GBML.
GMBL intends to open up a shallow trench for a total of 50
meters in total length, approximately 1 - 2m deep and up to 1 -
1.5m in width (see Figure 1), in order to confirm a previously
announced historical spodumene bearing pegmatite dike in bedrock (
PR January 18, 2023 ), and anticipates this will enable 3D
visualisation of the 1.8m wide pegmatite reported from that time.
The trench is designed to crosscut the pegmatite dike and then
expose 10 - 20m along the strike length of it in order to then
collect approximately 30-40 assay samples from the trench over the
next 5-10 business days (see Figure 2). The trenching will also
assist in the interpretation of the dike encountered in the 2023
summer drilling programme. Work on this small footprint of field
area will be undertaken in close association with the landowner's
approval.
Figure 1: Knockeen Lithium Pegmatite Project
GBML intends to open a shallow trench for a total of 50 meters
in total length to confirm a previously announced historical
spodumene bearing pegmatite dike in bedrock.
The approved permit is for up to 10 shallow trenches for a
combined length of up to 200m for a period of up to two years on PL
1597. However, the current work is focusing on this single trench
pegmatite target at this time. The permit was issued based on the
full set of GSRO screening criteria being assessed and
approved.
The current phase of detailed exploration work returns to an
area where a forty-year-old historical company report described a
trench excavated at Knockeen Townlands on PLA 1597 which, uncovered
in bedrock, exposed a 1.8m wide spodumene-bearing pegmatite dike.
However, no detailed laboratory assays or geological maps of the
trench were reported at that time. Historical prospecting around
the trench also reported the occurrence of up to 10 large boulders
of spodumene bearing pegmatite at surface. This work will help
inform 2024 exploration planning.
Alex Stanbury, CEO of Technology Minerals, said : "We are
pleased with the progress of the Leinster lithium project, with
GBML having secured approval for progression of exploration efforts
at Knockeen. The trenching and assay sampling programme will help
to further deepen our understanding of the Leinster asset and we
look forward to updating the market as we continue to advance this
lithium project."
Michael Murphy, CEO of Global Battery Metals , said: "With the
goal of confirming lithium mineralisation in our first round of
exploration achieved, the Company will expedite additional
exploration efforts to further define identified lithium
mineralisation. Knockeen has a storied history, and after drilling
consistent, near-surface lithium intersects, we believe that
trenching will augment our growing dataset, which can help to
enhance this exciting developing lithium project."
With first phase drilling recently concluded at Knockeen ( PR
November 15, 2023 ), GBML has succeeded in identifying a new LCT
pegmatite system of significance, importantly recording 24
intervals of lithium bearing spodumene pegmatites intersected
across nine holes drilled. The spodumene pegmatites range in width
between 0.10m up to 0.63m (true width) with the highest values
grading up to 2.57% Li(2) O. Detailed prospecting and rock sampling
across Knockeen in late 2022 and early 2023 identified up to 66
samples containing the lithium bearing mineral and returned Li2O%
lithium contents ranging up to 3.75 % Li2O / 17,410 ppm Li.
Figure 2: Knockeen Lithium Pegmatite Project - Close Up of
Trench Location
The trench is designed to crosscut the pegmatite dike and then
expose 10 - 20 m along the strike length.
Geology & Structure
The Property lies along part of a 135km long regional structural
trend of known lithium-bearing pegmatite bedrock occurrences,
situated along the south-eastern margin of the Leinster Granite
Massif and centered on the Aclare and Moylisha occurrences which
were discovered during 1960s and 1970s and are currently being
explored by Blackstairs Lithium (under the Ganfeng - International
Lithium joint venture).
This trend is focused along and within a broad regional NE-SW
trending structural zone termed the East Carlow Deformation Zone
(ECDZ) which runs for over 135km along the SE flank of the Leinster
Granite Massif between Dublin in the NE and north of New Ross to
the SW. A recent detailed regional structural review and
interpretation by the company using remote sensing data and
regional geophysical data sets confirmed that PLA 1597 lies within
the key ECDZ structural zone.
The Knockeen target area lies directly within this zone as it
passes through the northern margin of the Backstairs Granite Pluton
whilst the southern part of the license is crosscut by a splay of
the ECDZ which passes south westwards along the southern margin of
the Backstairs Granite Pluton. This southerly splay has been termed
the North Wexford Deformation Zone (NWDZ) and provides a second
highly prospective trend for the focus for ground exploration
activities Several target areas have already been identified for
detailed prospecting and mapping which will commence over the
coming months.
About the Leinster Lithium Project
Located south of Dublin in the counties of Wicklow and South
Carlow, the Leinster Lithium Project consists of 16 prospecting
license areas covering approximately 525 km(2) situated along
strike to nearby Blackstairs Lithium's Avalonia Project (297 km(2)
joint venture between Ganfeng Lithium Co. Ltd. and International
Lithium Corp.). All of GBML's license holdings are located within
or along the important East Carlow Deformation Zone, which is
interpreted to control the emplacement of an existing LCT pegmatite
field at the Blackstairs Mountains.
With first phase drilling concluded at Knockeen, GBML has
succeeded in identifying a new and structurally controlled LCT
pegmatite system of significance, importantly recording 24
intervals of lithium bearing spodumene pegmatites intersected
across nine holes drilled. The spodumene pegmatites range in width
between 0.10m up to 0.63m (true width) with the highest values
grading up to 2.57% Li(2) O. No drilling has ever been carried out
at the Knockeen Prospect previously and intersecting lithium
bearing pegmatites in all the holes drilled so far is considered a
major technical success for the Company. Prior surface exploration
activities identified and confirmed expansive surface boulder
trains of lithium pegmatite lithologies in a number of areas across
the Company's property, with recent assay results of 66 rock
samples analyzed by ALS Laboratories earlier this year returning
Li(2) O% lithium contents ranging up to 3.75% Li(2) O / 17,410 ppm
li.
Responsibility to the Environment
All mineral exploration activities in Ireland take place under
the auspices of the GSRO, a division within the Government
Department of the Environment, Communications & Climate Change.
Exploration is governed under the framework of both Irish and EU
legislation that has been implemented to ensure that the
environment is protected during exploratory work. Prospecting
license holders must comply with all the relevant legislation.
Technology Minerals and GBML are pleased to confirm that they
adhere to the highest standards of good practice in relation to its
ongoing exploration activities having completed a detailed GSRO
"Appropriate Assessment" process prior to commencement which was
reviewed, approved and signed off by the appropriate oversight
authorities. The Company's Directors understand that social license
is key to unlocking positive exploration outcomes by following low
impact / low sound / low disturbance exploration programme best
practice for environmental sensitivity.
Competent Person
All scientific and technical information in this announcement
has been prepared under the supervision of and reviewed and
approved by EurGeol Vaughan Williams, M.Sc., P.Geo., (Principal of
Aurum Exploration Services currently providing exploration services
to GBML and to LRH Resources Limited ), a "qualified person" within
the meaning of National Instrument 43-101.
Quality Assurance/Quality Control
Quality Assurance/Quality Control of drill core samples and
associated assay results are monitored by GBML and Technology
Minerals through a quality assurance/quality control ("QA/QC")
protocol which includes the insertion of blind standard reference
materials, blanks, and duplicates at regular intervals. Core is
drilled in HQ core diameter and each 3 meters of core recovered is
orientated by the drilling contractor on completion of each run
drilled. Drill core is laid out in strong core boxes and
transported by company geologists from the drill rig to GBML's
secure logging facility. Drill core is then logged using an
established logging procedure capturing detailed lithological data
as well as measuring all structural elements using a Reflex IQ
Logger for accurate orientation of all contacts and structures. The
core is marked up for sampling and sawn on site using a diamond
core saw. Half core samples are then bagged and secured using
plastic cable ties and the samples are then securely transported to
ALS
Laboratory ("ALS") facilities in County Galway, Republic of
Ireland. Samples are analysed for lithium as well as multi-
elemental trace elements using the specific LCT pegmatite
analytical suite ME-MS89L offered by ALS. ALS also performs its own
internal QA/QC procedures to assure the accuracy and integrity of
results. GBML and Technology Minerals are unaware of any drilling,
sampling, recovery, or other factors that could materially affect
the accuracy or reliability of the data referred to herein.
Enquiries
Technology Minerals Plc
Robin Brundle, Executive Chairman
Alexander Stanbury, Chief Executive
Officer +44 20 4582 3500
--------------------
Oberon Investments Limited
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Nick Lovering, Adam Pollock +44 (0)20 3179 0535
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Gracechurch Group
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Harry Chathli, Alexis Gore, Anysia
Virdi +44 20 4582 3500
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Technology Minerals Plc
Technology Minerals is developing the UK's first listed,
sustainable circular economy for battery metals, using cutting-edge
technology to recycle, recover, and re-use battery technologies for
a renewable energy future. Technology Minerals is focused on raw
material exploration required for Li-ion batteries, whilst solving
the ecological issue of spent Li-ion batteries, by recycling them
for re-use by battery manufacturers. Further information on
Technology Minerals is available at www.technologyminerals.co.uk
.
Cautionary Statement Regarding "Forward-Looking" Information
This news release contains certain "forward-looking information"
and "forward-looking statements" (collectively "forward-looking
statements") within the meaning of applicable securities
legislation. All statements, other than statements of historical
fact, included herein, without limitation, statements relating to
the future operations and activities of the Company, are
forward-looking statements. Forward-looking statements are
frequently, but not always, identified by words such as "expects",
"anticipates", "believes", "intends", "estimates", "potential",
"possible", and similar expressions, or statements that events,
conditions, or results "will", "may", "could", or "should" occur or
be achieved. Forward-looking statements in this news release relate
to, among other things, the Company's exploration plans at the
Leinster Lithium Project, including the drill program and results
therefrom. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
Forward-looking statements reflect the beliefs, opinions, and
projections on the date the statements are made and are based upon
a number of assumptions and estimates that, while considered
reasonable by the Company, are inherently subject to significant
business, economic, competitive, political and social uncertainties
and contingencies. Many factors, both known and unknown, could
cause actual results, performance, or achievements to be materially
different from the results, performance or achievements that are or
may be expressed or implied by such forward-looking statements and
the parties have made assumptions and estimates based on or related
to many of these factors. Such factors include, without limitation,
the ability to complete exploration work, the results of
exploration, continued availability of capital, and changes in
general economic, market and business conditions, and the receipt
of any required regulatory approvals. Readers should not place
undue reliance on the forward-looking statements and information
contained in this news release concerning these items. Readers are
urged to refer to the Company's reports for a more complete
discussion of such risk factors and their potential effects,
publicly available at SEDAR+, the Canadian Securities
Administrators' national system that all market participants use
for filings and disclosure, at www.sedarplus.ca . The Company does
not assume any obligation to update the forward-looking statements
of beliefs, opinions, projections, or other factors, should they
change, except as required by applicable securities laws.
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END
NRAPPGQUGUPWPUP
(END) Dow Jones Newswires
November 23, 2023 02:00 ET (07:00 GMT)
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