Liontown Resources (ASX: LTR) has highlighted the potential discovery of a new zone of gold mineralisation in results from recent drilling at the Jubilee Reef Project in Northern Tanzania.
The most recent assay from reverse circulation percussion drilling at Liontown’s flagship Masabi Hill prospect has returned 80 metres at 1.7 grams per tonne (g/t) gold from 8 metres, including 20 metres at 2.5g/t gold and 32 metres at 2.3g/t gold.
Mineralisation remains open along strike and at depth. Follow up drilling at both the existing and the new zone will be carried out to test for immediate extensions to mineralisation.
This is the first reverse circulation hole drilled in the southern contact of the Masabi Hill granitoid, 250 metres south of the known mineralised zone, indicating potential to expand mineralisation.
Results have been received for the first 5 reverse circulation holes drilled at Jubliee Reef, as part of a reverse circulation, aircore and diamond core drilling program.
To date, 18 reverse circulation holes and 23 aircore holes have been drilled.
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