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Liontown Resources Ltd.
Summary
| Project: | Buldania | |
|---|---|---|
| Deposit: | Anna | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 3/26/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-3-2018: Liontown Resources Ltd. announces an Exploration/Drilling Update report for its Anna deposit at the Buldania project. Drilling results incl. 58m @ 1.2% Li2O, 36ppm Ta2O5 from 39m. Liontown Resources Limited (ASX: LTR) is pleased to advise that | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Richards (Internal) | |
| ABSTRACT: | Liontown Resources Limited (ASX: LTR) is pleased to advise that its Buldania Project in WA is emerging as a substantial lithium discovery, with drilling returning another round of strong assay results. The latest assays reveal the presence of shallow, ore-grade lithium mineralisation over widths of up to 50m and more at the Anna prospect. The assays are from the recently-completed 36-hole, 3,339m Reverse Circulation drilling program at Buldania, which is located 600km east of Perth. Multiple, spodumene-bearing pegmatites have now been intersected over a strike length of approximately 500m at Anna (Figure 1). The mineralised trend remains open at depth and to the south-east, where it is obscured by shallow soil cover. The pegmatites at Anna were initially interpreted to dip steeply; however, the latest data indicate a shallow (~30-400 ), south-west dip for the main zone which further enhances the economic potential of the prospect (Figures 2 and 3). Assays are pending for 17 RC holes (BDRC0020-BDRC0036) and further work will be planned once these have been received and interpreted. (See Appendix 1 for listing of drill statistics). Buldania is located in the southern part of the Eastern Goldfields Province, a region well-known for hosting significant lithium deposits, including Mt Marion and Bald Hill (Figure 4). The Project is also close to major road and rail infrastructure, with direct links to the Port of Esperance, critical to the mining and production of bulk commodities such as spodumene concentrates. | |
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