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- Liontown Resources (LTR) defines new exploration targets at its Buldania Lithium Project in the south-eastern Goldfields of WA
- A recently completed soil sampling program, made up of 1,391 samples, was designed to identify new drill targets
- Assays have been received for all the samples, with the results defining three significant soil anomalies next to its existing Anna lithium deposit
- Next steps will involve geological mapping of the area and extending soil sampling, while it continues with a definitive feasibility study
- Liontown Resources is down 3.93 per cent, trading at 85.5 cents at 11:28 am AEST
Liontown Resources (LTR) has defined new exploration targets at its Buldania Lithium Project in the southeastern Goldfields of WA.
Liontown has been actively exploring the Buldania Project after acquiring the rights to its lithium and related metals in 2018.
A recently completed soil sampling program, made up of 1,391 samples, was designed to identify new drill targets, with the potential to expand the resource base at Buldania.
Assays have now been received for all the samples, with the results defining three significant soil anomalies adjacent to its existing Anna lithium deposit. These anomalies have been outlined over one kilometre strike and are potentially open to the northeast.
The company says the delineation of multiple, parallel soil anomalies is consistent with the geological setting of the Anna mineralisation.
Liontown also says the soil anomalies may indicate strike extensions or repeats of the Anna pegmatites into areas largely obscured by residual soils and dense vegetation.
The company’s next steps at Buldania will involve geological mapping of the area and extending soil sampling to the northeast of the existing anomalies.
Follow-up drilling is also in the works for the project, while the company continues with a definitive feasibility study, due for release in Q4 2021.
Liontown Resources was down 3.93 per cent, trading at 85.5 cents at 11:28 am AEST.
