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Liontown Resources Ltd.
Summary
| Project: | Buldania | |
|---|---|---|
| Deposit: | Buldania | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 9/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-9-2019: Liontown Resources Ltd. announces an Exploration/Drilling Update report for its Buldania deposit at the Buldania project. Drilling results incl. 19m @ 1.5% Li2O, 54ppm Ta2O5 from 174m. Liontown Resources Limited (ASX: LTR) is pleased to advise | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Richards (Internal) | |
| ABSTRACT: | Liontown Resources Limited (ASX: LTR) is pleased to advise that it has received all final assay results from the recently completed Reverse Circulation (RC) resource drilling program at its 100%-owned Buldania Lithium Project in WA’s Norseman region (Figure 1). Buldania is Liontown’s second WA lithium project, which is being advanced alongside its flagship Kathleen Valley Project where the Company has recently resumed drilling to grow the existing Mineral Resource (ASX Release, 27th August 2019), currently Australia’s 5th largest hard rock lithium deposit. Since drilling re-commenced at Buldania in May 2019, 72 additional RC holes have been drilled for 12,613m, with drilling at the Project now totalling 168 RC holes for 23,622m and three diamond core holes for 548.5m. Drilling has returned significant lithium results at the main Anna prospect over an extended strike length of 1.4km, averaging 150 – 250m in width, in a NW/SE orientation (Figure 2). Recent modelling indicates that the mineralisation is hosted by multiple, stacked, shallow south-east dipping (10-150 ), 5 – 25m thick, spodumene-bearing pegmatites which locally merge to form zones >50m thick (Figure 3). Mineralisation remains open along strike, down-dip and, in places, up-dip. Geological modelling is well advanced and data from all holes completed at Anna will be used to prepare a maiden Mineral Resource Estimate (MRE), which is scheduled for completion in November 2019. | |
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