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Liontown Resources Ltd.
Summary
| Project: | Buldania | |
|---|---|---|
| Deposit: | Anna | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 9/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-9-2018: Liontown Resources Ltd. announces an Exploration/Drilling Update report for its Anna deposit at the Buldania project. Drilling results incl. 35.0m @ 1.2% Li2O from 35.0m. Liontown Resources Limited (ASX: LTR) is pleased to advise that follow-up | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Richards (Internal) | |
| ABSTRACT: | Liontown Resources Limited (ASX: LTR) is pleased to advise that follow-up Reverse Circulation (RC) drilling has confirmed that it has made a second significant WA lithium discovery at its 100%-owned Buldania Project, located ~30kms north-east of Norseman, ~600km east of Perth. The new phase of drilling has extended lithium mineralisation at least 200m toward the south-east under shallow cover at the Anna prospect, confirming the presence of an extensive zone of spodumene-related lithium mineralisation. The mineralisation is open in all directions, with the Anna pegmatite body covering a minimum strike length of 650m and with surface widths varying between 50m in the north-west to 250m in the south-east (Figure 1). The current 32-hole, 5,000m RC program has also successfully confirmed the continuity of intersections reported earlier this year (up to 58m @ 1.2% Li2O). Following receipt of the latest results, Liontown has decided to expand the drilling program to test for further strike extensions to the south-east. A second drill rig has been contracted to complete three HQ diamond core holes commencing in late September. Data from the core drilling will be used for geological, structural, geotechnical and metallurgical studies. Since acquiring the Buldania Project, Liontown has drilled a total of 68 holes for 7,371m. The recent drilling (BDRC0037 – 0068) has focused on the Anna pegmatite, and assays have been received for holes BDRC0037-0061 (see Appendix 1 for a full listing of significant drill statistics). | |
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