Liontown Resources (ASX:LTR) has identified high-grade, spodumene-related lithium mineralisation at its Mohanga Lithium-Tantalum Project in Tanzania.
The Mohanga Project, which Liontown acquired in late 2015, covers a total area of 177 square kilometres and is located circa 40 kilometres from Tanzania’s capital Dodoma.
The anomalous results come from the Tresor prospect, where rock chip sampling has recorded high grade lithium assays up to 3.3% lithium and >100 ppm tantalum.
The pegmatite zone is interpreted to be up to 90 metres wide and at least 500 metres long, with the trend open along strike beneath transported cover.
The high-grade (>1%) lithium zone is up to 30 metres thick and at least 150 metres long; however, its full extent is unknown due to limited outcrop.
The latest results have given Liontown the confidence to progress exploration activities including additional trenching and soil sampling.
A maiden drilling program will be designed based on the results of this work.
In addition to targeting lithium mineralisation, further work will also be undertaken to assess the potential of the Mohanga Project to host Archaean greenstone-hosted gold mineralisation.
Previous soil sampling has recorded up to 120 ppb gold at the Halo prospect.
Liontown’s shares were last trading 5.26% higher intra-day on Wednesday, at $0.02.