Liontown Resources (ASX:LTR) - Incoming Managing Director, Tony Ottavanio
Incoming Managing Director, Tony Ottavanio
Source: Liontown Resources
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  • Liontown Resources (LTR) has defined three bedrock zones within the little-explored Mount Yule anomaly at its Moora Project 
  • The company has been carrying out reverse circulation drilling at the WA project to follow up on results from a maiden drilling campaign
  • In addition to defining the new zones of mineralisation, the program has returned new intercepts including 12 metres at 1.2g/t gold
  • Individual metre assays of previously reported intercepts have also highlighted the potential for high-grade mineralisation, according to the company, yielding grades of up to 21.2 g/t gold over two metres 
  • Shares last traded at 43 cents

Liontown Resources (LTR) has defined three bedrock zones within the little-explored Mount Yule anomaly at its Moora Project in WA.

The project, located approximately 150 kilometres northeast of Perth, is prospective for nickel, copper, and platinum group element massive sulphides but has also returned elevated grades of gold mineralisation.

To follow up on a maiden drilling campaign completed at Moora last year, Liontown has drilled 14 reverse circulation holes. The company has now defined three new zones of bedrock mineralisation at Mount Yule: Angepena, Northern and South Eastern.

The program has returned new intercepts including 12 metres at 1.2g/t gold from 24 metres. Individual metre assaying of previously reported intercepts has also yielded grades of up to 21.2 g/t gold over two metres, as well as 10 metres at 1.9 per cent copper.

Downhole electromagnetic surveying below this copper intercept identified an off-hole conductor, which the company said may indicate the presence of sulphide mineralisation.

Liontown is preparing for the next phase of exploration and has already detailed plans for further drilling to test the at the Angepena zone, the conductor and the orientation of the South Eastern Zone.

Among other activities, the company will also complete a ground electromagnetic survey across the Bindi Bindi prospect, where drilling recently validated historical assays.

Shares last traded at 43 cents.

LTR by the numbers
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