Complete resource drilling facilities Lithium resources development is smooth

The junior lithium explorer Liontown Resources (ASX:LTR) called the Katherine Valley an important new discovery of lithium after the discovery of several high-grade pegmatites in the Western Australia project.

The company announced today that the recent 5900-meter reverse cycle (RC) drilling program demonstrated a powerful lithium mineralization in the Kathleen 's Corner exploration area, including a classification of 4m lithium oxide from 43m depth to 4<UNK>. It includes 1.8 % of lithium oxide per 300 million, from 44 meters.

In the same hole, a 15-meter intersection releases 1.1 <UNK> lithium oxide from 65 meters, including from 72 meters to 2.4 meters, from 76 meters to 2 meters, and from 2.4 meters to 1 meter. The other two RC holes also returned important results.

Liontown said that the drilling plan extended the known lithification of Kathleen's Corner in all directions, and that the direction was still going along? What? Open and deep.

In addition, the results of two boreholes drilled in the MtMann exploration area, also in the KathleenValley project, were obtained, confirming the downward continuity of high-grade mineralization.

Although the analysis has yet to further study 25 RC holes, Liontown stated that the latest results and geological logging results are sufficient to pave the way for the immediate start of resource drilling.

It is expected that the resource definition drilling plan of 2,500 square meters will include 10,000 meters of RC boreholes and 800 meters of diamond boreholes. Although the total amount will depend on the final degree of the Kathleen's Corner trend.

According to David Richards, managing director of Liontown, the continuity, grade and stacking properties of multiple shallow etched pegmatites encountered by Kathleen's Corner and MtMann indicate good prospects for future mining.

"Our confidence in the scale and economic potential of the Kathleen Valley project increases with each round of drilling," he said. "

Leontown wholly owns three battery metal projects in Australia: the Kathleen Valley and Buldania Lithium projects in Western Australia and the Toolebuc vanadium project in Queensland.

In trading on Monday afternoon, the company's shares rose 12.5 cents to A$ 0.027.

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