Maiden 12,500M Drilling Campaign Commences
Liontown Resources Limited (ASX: LTR) has commenced a substantial programme of air-core drilling at its 100%-owned Moora Project, located ~150km north- northeast of Perth in Western Australia.
The programme, comprising up to 12,500m of drilling, will focus on two key target zones:
- The Mt Yule-Felton Corridor (MYFC), a 15km long, 2.5km wide trend in the south-western part of the Project where multiple gold-PGE-nickel-copper anomalies are coincident with magnetic and gravity features, indicative of underlying mafic/ultramafic intrusions similar to the host rock of Chalice Mines Limited’s Julimar discovery, ~90km to the south; and
- The 6km long Bindi Bindi Nickel Trend, located in the central part of the Project, where shallow historical (1968) drilling by Poseidon Limited intersected up to 21m @ 0.6% Ni from 1.5m.
Managing Director, David Richards, said drilling will continue up until the December 20, 2020 and will resume in mid-late January 2021 following the Christmas/New Year break.
In addition to the air-core drilling, in-fill and first-pass auger sampling will be on-going, which is expected to provide further targets for drill testing.
Ground electro-magnetic (EM) surveys are also scheduled to commence before Christmas to follow up anomalies defined by the airborne EM (AEM) survey flown in August 2020. Deeper Reverse Circulation (RC) drilling will be planned once results from the air-core drilling and ground EM are received and processed
