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Liontown Resources Ltd.
Summary
| Project: | Kathleen Valley | |
|---|---|---|
| Deposit: | Kathleen Valley | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 7/2/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-7-2018: Liontown Resources Ltd. announces an Exploration/Drilling Update report for its Kathleen Valley deposit at the Kathleen Valley project. Drilling results incl. 58m @ 1.2% Li2O, 156ppm Ta2O5 from 135m. Liontown Resources Limited (ASX: LTR) is plea | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Richards (Internal) | |
| ABSTRACT: | Liontown Resources Limited (ASX: LTR) is pleased to advise that it has extended the current resource definition drilling program at its 100%-owned Kathleen Valley Lithium Project, 680km north-east of Perth in WA, to mid-July with the latest results extending the high-grade mineralisation. The drilling results provide further evidence that Kathleen Valley is continuing to emerge as a significant spodumene-related lithium deposit in a premier mining district. An additional 38 Reverse Circulation (RC) holes (KVRC0087-0124) and nine diamond core holes (KVDD0001- 0009) have been drilled since the last announcement on 24 May, for 5,132m and 1,610.1m respectively. The latest drilling is designed to define the lithium mineralisation on a 50 x 50m pattern and to provide samples for metallurgical test work. Since acquiring the Kathleen Valley Project, Liontown has drilled a total of 134 holes for 17,473.1m. The recent drilling has focused on the Kathleen’s Corner pegmatite swarm and assays have been received for RC holes KVRC0087-0121 and diamond core holes KVDD0001-0002 (see Appendices 1 and 2 for full listing of significant drill statistics). The results confirm multiple, shallowly-dipping, lithium mineralised pegmatites at Kathleen’s Corner, which has been defined over a minimum strike length of 800m (Figure 1) and 500m down-dip (~150m vertical/Figure 2). The mineralised trend at Kathleen’s Corner remains open in all directions and the current drill program is designed to test a strike length of up to 1.3km and a down-dip extent of ~650m (~100-150m vertical). Previously reported drilling at the Mt Mann prospect, located 200m south-west of Kathleen’s Corner, has defined high-grade mineralization over a strike length of 600m strike and to a vertical depth of ~150m with the system open at depth. | |
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