For thousands of other reports visit RSC's Mineral Intellingence Map
Liontown Resources Ltd.
Summary
| Project: | Buldania | |
|---|---|---|
| Deposit: | Buldania | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 7/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-7-2019: Liontown Resources Ltd. announces an Exploration/Drilling Update report for its Buldania deposit at the Buldania project. Drilling results incl. 42m @ 1.0% Li2O, 61ppm Ta2O5 from 155m. 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 initial results from an ongoing Reverse Circulation (RC) resource drilling program at its 100%-owned Buldania Lithium Project in WA’s Norseman region have extended the main zone of mineralisation at the Anna pegmatite and provided valuable geological data to aid modelling and preparation of a maiden Mineral Resource Estimate (MRE). Buldania is Liontown’s second WA lithium project, which is being advanced alongside its flagship Kathleen Valley Project where the Company recently reported a substantial resource increase (ASX Release, 9th July 2019) and is progressing a Pre-Feasibility Study. The latest drilling at Buldania has extended the previously defined mineralisation at the Anna prospect to the south-east and east for a continuous strike length of at least 1.4km, with the system remaining open (Figures 1 and 2). Mineralisation is hosted by multiple, stacked, sub-parallel pegmatite lenses which vary from ~5-25m in thickness. In places, the pegmatites merge to form zones >50m thick. RC drilling re-commenced in June 2019 and to date 47 holes (BDRC0097-0143) have been drilled for 8,497m. Since acquiring the Buldania Project in late 2017, Liontown has drilled a total of 150 holes for 20,054.5m, including three diamond core holes for 548.5m. Refer to Appendices 1 to 3 for a full listing of significant drill statistics. With the exception of the first nine holes (BDRC0097 – 0105), all of the drilling this year has been undertaken at the Anna prospect (see Highlights for better results to date) with the primary objective of providing sufficient data to prepare a maiden MRE. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report