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Liontown Resources Ltd.
Summary
| Project: | Bynoe | |
|---|---|---|
| Deposit: | Bynoe | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 6/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-6-2017: Liontown Resources Ltd. announces an Exploration/Drilling Update report for its Bynoe deposit at the Bynoe project. Drilling results incl. 42m @ 1% Li2O from 93m. Liontown Resources Limited (ASX: LTR) advises that it has completed part of its i | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Richards (Internal) | |
| ABSTRACT: | Liontown Resources Limited (ASX: LTR) advises that it has completed part of its initial 2017 drilling program at the 100%-owned Bynoe Lithium Project, located near Darwin in the Northern Territory, with 20 Reverse Circulation (RC) holes drilled for a total 2,222m. The drilling was designed to assess new targets defined by geochemical and geophysical surveys completed earlier in the year; however, due to boggy ground conditions the program was not completed and a number of high priority targets remain to be tested. Only seven of the new targets were tested with significant pegmatites (>10m thick) intersected at most prospects and >1% Li2O values recorded at Carlton and Hang Gong West. The results confirm that primary, ore grade lithium mineralisation is widespread at Bynoe highlighting the prospectivity of the Project with numerous pegmatites remaining to be drill tested. Further drilling is scheduled to recommence next Quarter once ground conditions permit. In addition to new targets, the drilling will also follow up the Carlton intersection and a number of other prospects where thick pegmatites have been intersected at shallow depths but where lithium would have been depleted by weathering. | |
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