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Liontown Resources Ltd.
Summary
| Project: | Kathleen Valley | |
|---|---|---|
| Deposit: | Kathleen Valley | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 2/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-2-2018: Liontown Resources Ltd. announces an Exploration/Drilling Update report for its Kathleen Valley deposit at the Kathleen Valley project. JV with Ramelius Resources Ltd. - Drilling results incl. 13m @ 1.6% Li2O from 65m. Liontown Resources Limite | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Richards (Internal) | |
| ABSTRACT: | Liontown Resources Limited (ASX: LTR) is pleased to advise that it has recorded further strong zones of shallow, high-grade lithium mineralisation in the latest batch of assays returned from the recently completed 21-hole, 2,688m RC drilling program at its Kathleen Valley Lithium Project, located 680km north-east of Perth, Western Australia. The latest assays include the remaining holes drilled into the Mt Mann trend (KVRV0027-0031) and initial results from Kathleen’s Corner (KVRC0032-0034). The drill program was designed to test both the Mt Mann and Kathleen’s Corner targets, where previous rock chip sampling and limited drilling recorded fresh, high-grade (>1.5% Li2O), spodumene-related mineralisation in multiple pegmatites (Figure 1). At Mt Mann, high-grade lithium mineralisation has now been intersected over a strike length of more than 500m hosted by moderately south-west dipping pegmatites (Figures 2 and 3) with the trend remaining open towards the south and at depth (see Appendix 1 for full listing of previous and current drill statistics). At Kathleen’s Corner (Figure 1), drill testing has intersected multiple, flat-to-moderately dipping pegmatites, which are individually up to 20m thick, over a probable strike length >500m with the trend remaining open in all directions. Assays are pending for the remaining six holes (KVRC0035-0040) drilled at Kathleen’s Corner. Planning has commenced for follow-up in-fill drilling, including diamond core holes, and will be finalised once all assays have been received. Liontown Managing Director David Richards said the Company was highly encouraged by the results received to date at Kathleen Valley. | |
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