Liontown roars into new drill program

/in /by

THE DRILL SERGEANT: Liontown Resources has commenced a new program at the company’s Jubilee Reef gold project in Northern Tanzania.

The current program was undertaken on the back of results the company received from a drilling program conducted on the project in June-July this year.

Liontown has received results from a series of ‘cross-holes’ it drilled at 90 degrees to the original drill lines in the Central Zone at the Masabi Hill prospect.

These were designed to confirm the orientation of previously reported mineralised intersections.

Results from this drilling include:

–    Up to 21 metres at 1.24 grams per tonne gold from 35 metres;

–    13m at 1.43g/t gold from 110m within broad lower grade envelopes of 62m at 0.75g/t gold from 1m; and

–    40m at 0.86g/t gold from 110m.

Liontown said the recently-drilled cross holes suggest the Central Zone mineralisation forms a pipe like structure with a steep easterly dip and a steep southerly plunge.

 

Masabi Hill Prospect – Drill hole plan and significant drill results. Source: Company announcement

 

Drilling in the Central Zone has previously defined a zone of mineralisation including:

–    27m at 2.76g/t gold from 42m (drilled in 2011);

–    21m at 4.66g/t gold from 70m (this program); and

–    68m at 1.5g/t gold from 132m (this program).

“Further work is required to resolve the variation in grade between the diamond drill holes and neighbouring RC holes, including further drilling to constrain geological and orientation factors,” Liontown Resources said in its ASX announcement.

“The results of the initial 2012 drill program suggest that, within the Central Zone syenite and marginal diorite, a gold mineralised envelope is defined over an area of 600 metres by 350 metres, which remains open to the east and north under transported cover.

“Within the Southern Zone intersections…suggest a mineralised zone that is open over 400 metres of strike, with only two drill lines testing this zone.

“Liontown is encouraged by these latest drilling results, which support previous conclusions that the Jubilee Reef project has potential to host significant widths and grades of gold mineralisation.

“A follow-up 14,000 metre drilling program has commenced, with an aircore drill rig starting on 25 August, and an RC rig expected in early September.”