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Liontown Resources Ltd.
Summary
| Project: | Kathleen Valley | |
|---|---|---|
| Deposit: | Kathleen Valley | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 5/24/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-5-2018: Liontown Resources Ltd. announces an Exploration/Drilling Update report for its Kathleen Valley deposit at the Kathleen Valley project. Drilling results incl. 21m @ 1.9% Li2O from 71m. 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 it is continuing to make rapid progress towards establishing it’s first-ever JORC lithium Resource at the Kathleen Valley Lithium Project, 680km north-east of Perth in WA (Figure 1) with latest drilling results continuing to support the potential for a significant spodumene-related lithium deposit. Assays have now been received for the final 33 RC holes (KVRC0054-0086), drilled as part of a recent 46-hole, 5,919m program (see Appendix 1) designed to define the limits of mineralisation at the Kathleen’s Corner prospect and to confirm the continuity of previously defined high-grade mineralisation at the Mt Mann prospect. The results indicate that: Resource definition drilling on a 50m x 50m pattern is now well underway and is expected to be completed by the end of June; however, the program maybe extended depending on the limits of the Kathleen’s Corner pegmatite swarm, which have yet to be defined. Independent mining consultant group, Optiro Pty Ltd, has been engaged to assist Liontown with optimising the resource drill-out with a maiden JORC compliant Mineral Resource estimate to be completed as soon as possible after drilling has been completed. In addition, Liontown has commenced a 6-8 hole diamond coring (HQ) program to provide geological and geotechnical data as well as samples for metallurgical test work. Ea | |
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