Liontown leaps on fresh discovery
15th March 2019
Resources Rising Stars
In Western Australia, up-and-comer Liontown (ASX:LTR) is now sitting on a large 4.5km by 2.5km lithium soil anomaly (more than 100 parts per million) at its Buldania project in the Eastern Goldfields (reports Stockhead).
This is after fresh soil sampling confirmed the prospectivity in a new area, about 5-10km from its Anna discovery.
Geological mapping will help accurately define pegmatites (the main source of hard rock lithium) in this new area prior to initial drilling in the second quarter.
In 2018, drilling at Anna hit significant lithium over a 1.3km area, but Liontown didn’t find the end — mineralisation remains open to the south-east and at depth.
A fresh 8000-10,000m drilling campaign is scheduled to kick off at Anna very soon which will help the explorer establish a maiden resource estimate.
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