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Liontown Resources Ltd.
Summary
| Project: | Kathleen Valley | |
|---|---|---|
| Deposit: | Kathleen Valley | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 3/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-3-2017: 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. 58m @ 1.2% Li2O, . Liontown Resources Limited (ASX: | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Richards (Internal) | |
| ABSTRACT: | Liontown Resources Limited (ASX: LTR) is pleased to advise that it has intersected significant zones of strong lithium-tantalum mineralisation in its maiden drilling program at the Kathleen Valley Lithium-Tantalum Project, located approximately 680km north-east of Perth, Western Australia (Figure 1). The results confirm the potential of the pegmatite swarms at Kathleen Valley to host significant widths of high grade lithium and tantalum mineralisation, with the assays returning individual lithium and tantalum values of up to 3% Li2O (KVRC0015 218-219m) and 711ppm Ta2O5 (KVRC0015 114-115m). Importantly, the high grade lithium values appear to be largely related to spodumene mineralisation with only minor lepidolite observed. The recently completed drilling program at Kathleen Valley comprised a total of 19 Reverse Circulation holes for 2,053m. The drilling was designed to test the immediate northern extensions of the main mineralised trends (Figure 1), where heritage approvals to drill had been obtained. Liontown’s Managing Director, David Richards, said the Company’s exploration campaign at Kathleen Valley was off to a strong start. “We are very encouraged by these early results, particularly considering that we have yet to test the main target zones, where the thickest pegmatites and strongest grades have been traced at surface,” he said. “Where we have drilled so far, we have encountered strong zones of continuous lithium-tantalum mineralisation including some very high grade zones of predominantly spodumene-related mineralisation. “Given the overall scale of the pegmatite swarm at Kathleen Valley and the potential to expand the system, we are looking forward to resuming drilling as soon as possible.” | |
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