CXO 4.55% 10.5¢ core lithium ltd

Interesting reading from the LTR May 2016 Mining report, Looks...

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    Interesting reading from the LTR May 2016 Mining report, Looks like it might be a very good proposition?


    Most recently, the Leviathan pegmatite group and area now covered by EL30012 was explored by Arnhem Resources (from Dec 2005 to Dec 2008) under joint venture with Haddington Resources (now Altura Mining), throughtheirwhollyownedsubsidiaryAustralianTantalumPtyLtd. Haddingtoncarriedoutextensiveprograms of soil sampling, rock chip sampling and shallow RAB drilling, including the only known evaluations in the area focused on lithium after discovery of lithium mineralisation at the 7Up prospect, approximately 1km west of EL30012. The soil and rock sampling was relatively wide-spaced (Figure 5) but some Li anomalies are recorded in the southern and northern parts of EL30012. Grades up to 1.48% Li2O and 1187ppm Ta2O5 were obtained at the 7 Up prospect situated on current EL30897 (Bourke BG 2012).Orema Pty Ltd was granted EL30012 and EL30015 in 2014, and signed an agreement with Liontown Resources in 2016, enabling Liontown to conduct exploration focused on lithium over the prospects within these tenements. A subsequent agreement was made with A & SF Maddalozzo Pty Ltd for access to MLN16. Liontown now hope to explore for primary lithium mineralisation within the pegmatites on EL30012, EL30015, MLN16 (Observation Hill and River Annie pegmatite groups) and complete the first known drilling deep enough to analyse fresh pegmatite samples for lithium.

 
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