Liontown Resources Limited (ASX: LTR) announced that the assays from the recently completed drilling program at its Moora Project in Western Australia have confirmed broad mineralised zones with individual intervals of up to 2m @ 21.2g/t gold, paving the way for the next phase of drilling.
The company said that the drilling at Moora has now defined three zones of bedrock mineralisation associated with the Mt Yule magnetic anomaly, Angepena zone, Northern zone, and South Eastern zone (SEZ).
Significant new intersections from recent RC drilling included 12m @ 1.2 g/t gold from 24m, including 4m @ 2.5g/t gold from 32m; and 16m @ 0.5g/t gold from 12m.
Latest intersections follow on from previously reported results included 44m @ 1.6 g/t gold from 200 including 20m @ 3.2g/t gold from 208 and 4m @ 10.1g/t gold from 220 (including 2m @ 21.2g/t Au from 222m); and 10m @ 1.9% copper from 32m.
LTR said that all of the above intersections are spatially associated with the 7 x 2.5km Mt Yule magnetic anomaly, which remains largely unexplored. The company said that individual metre assays of selected, previously reported intersections have validated the initial results and highlighted the potential for high-grade mineralisation.
Liontown said that geochemical sampling has commenced across prospective trends on the Koojan Joint Venture area, which is located immediately west of the 100%-owned Moora.
Drilling at Moora
Liontown had commenced its maiden drilling program at Moora in December 2020 and has since completed 264 air-core drill holes for 10,349m and limited follow-up Reverse Circulation (RC) drilling comprising 14 holes for 1,946m.
The Moora Project comprises 3 granted exploration licences (E70/5217, E70/5286, and E70/5287). LTR said that the drilling at Moora has now defined three zones of bedrock mineralisation within the Mt Yule magnetic anomaly.
Drilling defines multiple bedrock zones
LTR announced that drilling has now defined three zones of bedrock mineralisation associated with the 7 x 2.5km Mt Yule magnetic anomaly with outstanding discovery potential. They include
Angepena Zone – a +900m long gold zone with intersections up to 43m @ 1.7g/t gold including higher grade intersections up to 2m @ 21.2g/t gold;
Northern Zone – a +2km, up to 150m wide copper gold zone with intersections up to 9m @ 2.1% copper and 12m @ 1.2g/t gold; and
South Eastern Zone (SEZ) – defined by a single drill traverse with drill intersections up to 17m @ 0.4g/t gold and 12m @ 0.2% copper.
Significant new intersections from recent RC drilling included MRRC0008 12m @ 1.2 g/t gold from 24m, including 4m @ 2.5g/t gold from 32m; MRRC0009 16m @ 0.5g/t gold from 32m; and MRAC0162 16m @ 0.5g/t gold from 12m.
Latest intersections follow on from previously reported results included MRRC0001 44m @ 1.6 g/t gold from 200 including 20m @ 3.2g/t gold from 208 and 4m @ 10.1g/t gold from 220 (including 2m @ 21.2g/t Au from 222m); MRAC0092 12m @ 1.4/t gold from surface including 4m @ 2.9g/t gold from 4m; and MRAC0012 10m @ 1.9% copper from 32m.
The company noted that the individual metre assays of selected, previously reported intersections (which were based on 4m composite samples) have validated the initial results and highlighted the potential for high-grade mineralisation.
LTR said that down-hole geophysics has defined a moderate-strong conductor beneath the copper intersection in MRAC0012 that may indicate the presence of sulphide-related mineralisation. The company said that the reconnaissance drilling across the Bindi Bindi prospect has validated historic results and indicated the potential for sulphide-related nickel-copper mineralisation.
Koojan JV update
In January 2021, the Company executed a Joint Venture (JV) Agreement which gives it the right to earn up to 51% equity in the neighbouring Koojan Project from Lachlan Star Resources. The Koojan JV is interpreted to contain a number of prospective trends including the northern extension of the stratigraphy which hosts the Julimar PGE-nickel-copper discovery approximately 90km to the south.
LTR said that an auger/soil sampling program comprising up to 2,600 samples has commenced at Koojan JV with results expected mid-late May 2021.
Moore project: next steps
The company said that the proposed work for the next phase of exploration at Moora includes: follow-up RC/Diamond core drilling at Angepena comprising 6-10 holes to confirm the continuity and orientation of the mineralisation; RC drill testing of the off-hole conductor defined beneath the northern copper intersection; RC drilling beneath and along strike of the SEZ to determine the orientation of mineralisation; and a detailed review of pathfinder geochemistry to determine whether drilling has intersected the margins of sulphide-related PGE-nickel-copper mineralised zones.
Other work includes ground EM surveys across geochemically anomalous areas including the Bindi Bindi prospect; and a low-level, detailed aeromagnetic survey designed to allow modelling and targeted drill testing of magnetic highs coincident with geochemical anomalies and interpreted to be related to mafic/ultramafic bodies.
Image Source: Liontown Resources Limited