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Liontown Resources Ltd.
Summary
| Project: | Kathleen Valley | |
|---|---|---|
| Deposit: | Kathleen Valley | |
| Location: | Australia | |
| Commodities: | Lithium-Tantalum | |
| Date: | 5/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-5-2018: Liontown Resources Ltd. announces an Exploration/Drilling Update report for its Kathleen Valley deposit at the Kathleen Valley project. Drilling results incl. 19m @ 1.1% Li2O from 114m. 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 the latest phase of Reverse Circulation (RC) drilling has significantly increased the extent of lithium mineralisation at its Kathleen Valley Lithium Project, located 680km north-east of Perth, Western Australia (Figure 1), paving the way for the commencement of resource drilling. Assays have been received for 21 Reverse Circulation holes (KVRC0041-0061), drilled as part of recently completed 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. While the balance of assays are awaited, the results received to date combined with visual logs of the completed holes indicate that the program was highly successful and give the Company confidence that it has a significant emerging lithium project at Kathleen Valley. This drilling program follows on from the 21-hole, 2,688m RC drilling program completed in February 2018 which established the potential of the Project to host potentially economic lithium mineralisation. The assays received so far are largely for holes drilled at Kathleen’s Corner (KVRC0043-0061) and the results have extended mineralisation in all directions including along strike and up- and down-dip. Drilling has defined mineralisation down to a vertical depth of ~125m vertical and increased the known strike length of potentially mineralised pegmatites from 500m to 800m (Figure 2). Due to the shallow dip of the pegmatites, the 125m vertical depth equates to a down dip extent of ~450m (Figure 3). Importantly, the mineralisation at Kathleen’s Corner remains open in all directions. | |
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