Liontown Resources Limited (ASX: LTR, “Liontown” or “Company”) is pleased to advise that a substantial program of air-core drilling has commenced at its 100%-owned Moora Project, located ~150 km north-northeast of Perth in Western Australia (Figure 2).
The program, comprising up to 12,500 m of drilling, will focus on two key target zones:
- The Mt Yule-Felton Corridor (MYFC), a 15 km long, 2.5 km wide trend in the south-western part of the Project where multiple gold-PGE nickel-copper anomalies are coincident with magnetic and gravity features (Figure 3), indicative of underlying mafic/ultramafic intrusions similar to the host rock of Chalice Mines Limited’s Julimar discovery, ~90 km to the south; and
- The 6 km long Bindi Bindi Nickel Trend (Figure 4), located in the central part of the Project, where shallow historical (1968) drilling by Poseidon Limited intersected up to 21 m @ 0.6% Ni from 1.5 m.
Drilling will continue up until the 20th December 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 ongoing, which is expected to provide further targets for drill testing. Ground electromagnetic (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.