Liontown Resources hits encouraging gold intersections

THE DRILL SERGEANT: Liontown Resources (ASX: LTR) has been encouraged by intersections recorded from an initial RC drilling program at the company’s Rupa Suguti gold project in Northern Tanzania.

Better intersections from the recently-completed nine hole RC program include:

–    SCRC021: 5 metres at 3.8 grams per tonne gold from 59 metres, including 1 metres at 7.2 grams per tonne gold from 59m;

–    SCRC023: 12m at 2.8g/t gold from 12m, including 4m at 7g/t gold from 12m; and

–    SCRC024: 12m at 2.4g/t gold from 40m, including 4m at 5.9g/t gold from 40m.

According to Liontown the RC drilling program was designed to validate previous results from a 16 hole program drilled by Iscor Limited at the Chirorwe prospect in the mid-1990s.

“Iscor’s drilling recorded multiple intersections that indicated good gold grades and continuous mineralisation over 800 metres strike,” Liontown Resources said in its ASX announcement.

“The mineralised trend defined by Iscor remained open in all directions and there has been no other drilling at the Chirorwe prospect until Liontown’s recently completed program.”

Liontown considers its drilling to have validated the earlier results achieved by Iscor.

 

Rupa/Suguti–Chirorwe prospect geology showing previous Iscor and
recent Liontown drilling with better gold intersections. Source: Company
announcement

 

The company said recent mapping has defined the mineralised trend over 900 metres strike with further artisanal pitting observed approximately 150 metres west of the western most Iscor drill hole.

“The main gold lode at Chirorwe is a moderately south dipping, strongly silicified, sulphidic, 1 to 4 metres thick horizon hosted by sheared, altered basalt immediately north of an intrusive granitic contact,” the company said.

Liontown has already identified priority targets for future drilling programs , which include:

The central part of the Chirorwe prospect, which is largely obscured by shallow cover;

Along strike to the east of SCH021 which is also obscured by shallow cover; and

Along strike to the west where artisanal pits have been mapped.

The Chirorwe prospect is located on a 7km long gold corridor defined by soil sampling and the alignment of historic and active artisanal workings.

Liontown indicated this corridor will be the focus of future exploration programs designed to define further drill targets.

The Rupa Suguti project comprises a largely contiguous package of tenements covering Archaean greenstones and is located in northern Tanzania approximately 200km north of Liontown’s other property in the country, the Jubilee Reef project.
 
Liontown has the right to earn 100 per cent of the property via an option agreement with private Tanzanian company Bismark Hotel Mining Company Limited.

Email:
info@ltresources.com.au

Website:
www.ltresources.com.au