LTR 0.57% 88.0¢ liontown resources limited

Ann: Mineralised system extended 400m north at Kathleen Valley, page-62

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  1. vmp
    13,607 Posts.
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    “Holes in areas we didn't expect first up, that have come out with some nice high grade hits that extend us an extra 400m to the north and still open”

    When we think about it, the est target is 25-50mt. Hence they’d have to drill a set of holes in the distance quickly. Now that the first holes have returned very encouraging results, I wouldn’t be surprised if they’d extend further out possibly to even double the resource now based on what they said they’ll make decisions according to what they’d find along the way. We should remember that the 21mt MMRE consisted of very thin pegmatites. In this campaign, we’ve started with new thick pegs and/or extensions of the known feeder zones. This drilling program could end up surprising the market on the upside again. We have been showing the pegs some 2km south of mt Mann. I hope the team will be tempted to test those pegs as well.

    But anyway, the drill locations seem to suggest a very aggressive strategy while the targets of 25-50mt is very conservative. A Just drill no hype approach is totally approproiate, there’s nothing to hide, we’ll drill deep, far and wide without fear.
    Last edited by vmp: 08/10/19
 
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