Liontown reports more thick intercepts

The final assays from Liontown Resources’ resource expansion drilling continued to support the company’s view the mineralised pegmatites at Kathleen Valley are merging at depth to form a single, 35-75m thick orebody
28th June 2019
Resources Rising Stars

The final assays from Liontown Resources’ resource expansion drilling continued to support the company’s view the mineralised pegmatites at Kathleen Valley are merging at depth to form a single, 35-75m thick orebody (reports MiningNews).

Recent hits include 83m at 1.5% lithium oxide, including 4m at 2.8% Li2O from 266m and 20m at 1.9% Li2O from 285m; and 53m at 1.6% Li2O from 289m including 15m at 2% Li2O from 300m and 18m at 1.8% Li2O from 321m.

The drilling has now extended the combined strike for the Kathleen's Corner and Mt Mann pegmatites to over 1000m, and the mineralisation remains open to the north-west and at depth below 400m.

The recent drilling was located outside of the conceptual open pit that formed the basis for the maiden resource of 21.2 million tonne at 1.4% Li2O and 170 parts per million tantalum oxide and scoping study.

There is an exploration target of 19-31Mt at 1.2-1.5% Li2O for the project, which is just outside Leinster in Western Australia.

An updated resource is being finalised, and will be used to support the pre-feasibility study that is expected to be completed before the end of the year examining a potential two million tonne per annum development at a cost of A$232 million.

Read more at https://www.miningnews.net/discovery/news/1365774/liontown-reports-more-thick-intercepts

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