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Liontown Resources (ASX:LTR) - Managing Director, David Richards - The Market Herald
Managing Director, David Richards
Source: HotCopper
  • Liontown Resources (LTR) has defined a number of strong conductors at its Moora Project in Western Australia
  • A recent airborne electromagnetic survey defined a group of electromagnetic readings in the southwest part of the project area
  • These zones are consistent with the Mt Yule-Felton Corridor, where previous auger sampling returned up to 925 parts per billion gold and 884 parts per million copper
  • Data is currently being processed and results will be used to plan a ground-based moving loop electromagnetic survey to more accurately outline potential conductors
  • Liontown is up 5.13 per cent in early morning trade, with shares worth 20.5 cents

Liontown Resources (LTR) has defined a number of strong conductors at its Moora Project in Western Australia.

These conductors were defined via an airborne electromagnetic (AEM) survey which was undertaken over the entire 467 square kilometre project.

A group of EM readings were defined in the southwest part of the project area, which indicate possible bedrock conductors.

These conductors are consistent with the Mt Yule-Felton Corridor where previous auger sampling identified strong gold and platinum group element (PGE) anomalism associated with elevated nickel and copper values.

The Mt-Yule Felton Corridor spans more than 15 kilometres and has returned up to 925 parts per billion (ppb) gold, 75ppb palladium, 492 parts per million (ppm) nickel, and 884ppm copper.

The EM data is currently being processed and results will be used to plan a ground-based moving loop electromagnetic (MLEM) survey to more accurately outline potential bedrock conductors.

These results will also be modelled to determine the best targets for follow-up reverse circulation drilling at conductive zones.

Liontown is up 5.13 per cent in early morning trade, with shares worth 20.5 cents at 10:38 am AEST.


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