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Liontown Resources Ltd.
Summary
| Project: | Kathleen Valley | |
|---|---|---|
| Deposit: | Kathleen Valley | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 2/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-2-2018: 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. 22m @ 1.2% Li2O from 26m. Liontown Resources Limited | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Richards (Internal) | |
| ABSTRACT: | Liontown Resources Limited (ASX: LTR) is pleased to advise that it has intersected strong zones of high-gra de lithium mineralisation in the first seven holes drilled as part of a 2,500 - 3,000m RC drilling program at its Kathleen Valley Lithium Project located 680km north-east of Perth, Western Australia. The current drilling program is designed to test 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). Assays have been received for the first seven holes and are pending for a further 11 with the program still in progress, with 4-5 holes remaining 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 (Figure 2) with the trend open towards the south and at depth. Assays are pending for a further six holes (KVRC0026-0031) drilled into the Mt Mann trend. (See Appendix 1 for full listing of previous and current drill statistics). At Kathleen’s Corner, initial drill testing has intersected multiple, flat-to-shallowly dipping pegmatites up to 20m thick. Assays are pending for the completed holes (KVRC0032-0036) with a further 4-5 holes planned to test the southern strike extent of the prospect | |
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