TIDMTM1
Technology Minerals PLC
08 December 2023
8 December 2023
Technology Minerals Plc
("Technology Minerals" or the "Company")
Completion of Initial Knockeen Trench Sampling Programme at
Leinster Lithium Project, Ireland
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 completed
the recent shallow trench sampling programme at its Knockeen
lithium pegmatite project located on the Leinster Lithium Project
in Ireland. The project is progressing under an ongoing and
successful option agreement between GBML and Technology Minerals
which is being operated by GBML.
Highlights:
-- A cross-cut trench of approximately 25m in total length was
successfully opened up at 1-2m depth to confirm a historically
reported 1.8m wide spodumene bearing pegmatite dike.
-- Samples collected at 1m intervals along the exposed strike
length of the dike were submitted for expedited lab testing with
results delivery anticipated mid-December.
-- Rock and soil assay results will be used to help inform 2024
exploration planning of the prospect and at several other target
areas on the licence property.
Alex Stanbury, CEO of Technology Minerals, said: "We are pleased
by the ongoing advancements at our Lithium project with GBML. The
team's continued efforts have successfully concluded the initial
surface trench sampling, paving the way for an understanding of
surface-level opportunities at the site. We look forward to
continue our exploration work with GMBL to unlock the full
potential at Knockeen."
Michael Murphy, CEO of Global Battery Metals, said: "We're
moving fast to see these assays. The team is pleased to confirm the
historic dike target location and complete initial surface trench
sampling before year end. At only two metres, these trenching
sample assays are important as they'll give us a clear view into
the near surface lithium mineralisation opportunity that we believe
exists. We are preparing now for our next exploration steps at
Knockeen and surrounding areas and believe that we'll see an active
and busy lithium discovery district take shape early in 2024."
Image 1: Knockeen Lithium Pegmatite Shallow Trench
GBML successfully intersects its target . Pictured is a cross
cut intersection (facing north) of the spodumene bearing pegmatite
dike in bedrock being prepped for sampling at 1m intervals.
Image 2: Knockeen Lithium Pegmatite Shallow Trench
One of the spodumene pegmatite boulders unearthed from the
shallow trench at Knockeen.
The intersected pegmatite in the trench contained spodumene
crystals along its full exposed length and five chip samples were
collected at 1m intervals along its exposed length (see Image 1).
These samples. along with several grab samples from large blocks of
pegmatite in the trench (see Image 2) are also being analysed by
ALS Laboratories, in Ireland.
Trench Details
The current trench was fully permitted through the Geoscience
Regulation Office (GSRO) of the Department of Environment, Climate
and Communications. The trench was designed to confirm a
historically reported trenched spodumene pegmatite dike occurrence
which was intersected over 1.8m width but with no assay data
reported from this time. The current trench lies 25m along trend to
the east of the old trench and forms a "T" shape by first cross
cutting the dike with a 25m N-S trench and then exposing the dike
along its length to the west towards the historical trench
occurrence. Work on this small footprint of field area was
undertaken in close association with the landowner and the Company
will rehabilitate the trenched area back to the original field
condition on completion (see Image 3).
The trenching will also assist in the interpretation of the
spodumene bearing pegmatite dikes encountered in the 2023 summer
drilling programme. The dike dips north westwards at approximately
40 degrees. This trench pegmatite is interpreted to be the same
pegmatite intersected at 30m depth in drill hole 23-1597-02 and at
60m depth in drill hole 23-1597-03. This gives a total down dip
extension of at least 100m from surface. This dike is just one of
the spodumene bearing dikes intersected in the drilling which form
a broadly NE-SW trending dike swarm of up to seven dikes in 24
separate intercepts in nine diamond cored drill holes .
Detailed soil profile sampling was also conducted along the
length of the main N-S trench to determine the best soil sample
medium, A-B-C horizon to locate bedrock pegmatites below surface.
This information will be used to help plan further broader reaching
shallow soil geochemistry surveys.
Image 3: Knockeen Lithium Pegmatite Shallow Trench (Detail)
Location of historical trench and recent drilling.
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 centred 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 cross cut 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 525km(2) situated along strike
to nearby Blackstairs Lithium's Avalonia Project (297km(2) joint
venture between Ganfeng Lithium Co. Ltd. and International Lithium
Corp.). All of the 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, Technology
Minerals and 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 of the holes drilled
so far is considered a major technical success. Prior surface
exploration activities identified and confirmed expansive surface
boulder trains of lithium pegmatite lithologies in a number of
areas across the property, with recent assay results of 66 rock
samples analysed by ALS Laboratories earlier this year returning
Li(2) O% lithium contents ranging up to 3.75% Li(2) O / 17,410 ppm
lithium.
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 of the relevant legislation.
Technology Minerals and GBML is pleased to confirm that it adheres
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. TM1'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 ("QA/QC") of drill core
samples and associated assay results are monitored by GBML and
Technology Minerals through a 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 metres 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
--------------------
Nick Lovering, Adam Pollock +44 (0)20 3179 0535
--------------------
Gracechurch Group
--------------------
Harry Chathli, Alexis Gore, Rebecca
Scott +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 trenching programme 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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December 08, 2023 02:00 ET (07:00 GMT)
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