LTR Moora Announcement on 12 Feb 2021
Significant new assays from air-core drilling confirm emerging discovery potential at Moora Project, WA
Multiple mineralised zones defined by maiden drilling program across the Mt Yule magnetic anomaly
HIGHLIGHTS
• Further assays from a partially completed air-core drilling program have returned multiple, highly anomalous gold and copper results. Latest intersections1 include:
12m @ 1.37 g/t gold from surface including 4m @ 2.92g/t gold from 4m in
MRAC0092; and 37m @ 0.25g/t gold from surface (to EoH2) and 13m @ 0.22% copper from 24m (to EoH) in MRAC0072.
• This follows the highly encouraging initial results reported last month (see ASX
release dated 19th January 2021) of: 10m @ 1.9% copper from 32m (to EoH) including 4m @ 2.5% copper from 36m (MRAC0012); and
12m @ 0.5g/t gold from 12m including 4m @ 1.1g/t gold from 20m (MRAC0012).
• The anomalous results are coincident with the 7km long Mt Yule magnetic anomaly, interpreted to be indicative of a large mafic/ultramafic intrusion.
• All mineralised trends remain open with in-fill and extensional air-core drilling scheduled to re-commence in mid-February 2021.
• Assays pending for a 14-hole/1,946m maiden Reverse Circulation (RC) drilling program, which followed up the previously reported air-core intersections.
• Assays also pending for ~1,000 first-pass auger soil samples collected from across other priority target areas defined by magnetic data.
• Latest results follow the recently announced Joint Venture Agreement with Lachlan Star Resources (see ASX release dated 27th January 2021), which gives Liontown the right to earn up to 51% in the neighbouring Koojan Project.
• The combined Moora/Koojan Projects cover a largely contiguous area of ~1,100km2 in the same geological terrain as Chalice’s world-class Julimar discovery located ~95km to the south.
There will be fast explation program under MI6. In this field potential is endless...
- Forums
- ASX - By Stock
- MI6 Plates & Other Stuff
LTR Moora Announcement on 12 Feb 2021 Significant new assays...
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MI6 (ASX) to my watchlist
|
|||||
Last
13.0¢ |
Change
0.010(8.33%) |
Mkt cap ! $30.42M |
Open | High | Low | Value | Volume |
12.5¢ | 13.0¢ | 12.5¢ | $29.14K | 232.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19857 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 147226 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19857 | 0.125 |
1 | 52701 | 0.120 |
2 | 38695 | 0.115 |
2 | 120000 | 0.110 |
4 | 126500 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 147226 | 1 |
0.140 | 42191 | 3 |
0.145 | 4000 | 1 |
0.150 | 23443 | 2 |
0.160 | 24203 | 2 |
Last trade - 15.34pm 03/09/2024 (20 minute delay) ? |
Featured News
MI6 (ASX) Chart |