17m @ 22.1 g/t Au Hit Confirms Liontown Feeder Zone Multiple, high-grade intersections validate conceptual target
Highlights
• A new geological model for Liontown (100%) has identified a potential gold-rich feeder zone (“Main Feeder”) to the 2.3Mt Zn-Au-Cu-Pb-Ag volcanogenic massive sulphide (“VMS”) Resource.
• Assays from the first hole (23LTRC002) into this zone are exceptional and validate the new Main Feeder concept:
o 2m @ 8.99 g/t Au from 20m (23LTRC002), o 1m @ 4.54 g/t Au from 42m, and o 17m @ 22.14 g/t Au from 67m, Including 6m @ 58.74 g/t Au from 68m
• A second hole (RC pre-collar/diamond tail) was also drilled 30m west of 23LTRC002 (23LTRD001). Core from 23LTRD001 is strongly foliated, contains abundant barite veining and disseminated pyrite, chalcopyrite and sphalerite (Figure 1, Appendix C - Summary Log). A zone from 60.0m to 129.2m will be rushed for assays.
• A further 10 RC holes have been drilled at Liontown testing feeder and footwall lodes, interpreted to be the copper-gold rich parts of the VMS system. Assays are expected in December 2023.
• Importantly, the new geological model has also identified two further potential feeder zones. These feeder zones are located near the historic Carrington Main Shaft and in the under drilled Gap Zone.
