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Liontown Resources Ltd.
Summary
| Project: | Buldania | |
|---|---|---|
| Deposit: | Anna | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 4/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-4-2018: Liontown Resources Ltd. announces an Exploration/Drilling Update report for its Anna deposit at the Buldania project. Clarified previous announcement regarding drill results at Anna prospect. Liontown Resources Limited (ASX: LTR) has become awa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Not stated (Not stated) | |
| ABSTRACT: | Liontown Resources Limited (ASX: LTR) has become aware ofstatements made on social media websites following the release of its March Quarterly Report yesterday. The Company would like to make the following clarifying comments regarding the recent drill results from its Buldania Lithium Project in WA: The maiden drill program largely focused on the Anna prospect, where 18 of the 36 holes were drilled. Of the 18 holes drilled at Anna, 14 intersected significant lithium mineralisation (>0.5% Li2O) which, given the very early stage nature of exploration at the project, Liontown considers to be extremely encouraging. Strong lithium mineralisation has been intersected over a strike length of 500m and true widths up to 58m (see Appendix 1) at the Anna prospect, with the trend remaining completely open to the south-east The best intersection at Anna (i.e. 58m @ 1.2% Li2O) was recorded on the south-eastern most line, providing compelling justification for further drilling along strike. The mineralisation is fresh from surface and shallow-dipping, which meansthat it would be ideal for open pit mining if further drilling defines a significant resource. A number of holes (BDRC0030-0035) were drilled into regional targets; however, these were mislabeled as Anna drill holes in the Appendix attached to the latest Quarterly Activities Report. The Appendix attached to this report provides an updated list of prospect locations for the drill holes. Details of these holes were included in the Quarterly Activities Report and not released separately as the Company did not believe them to be material. | |
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