http://ltresources.com.au
gold, silver, lead, copper
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The Mt Windsor Project is located 40 kilometres south of Charters Towers in north Queensland. It includes multiple tenement blocks covering an area of around 3,000 square kilometres that are highly prospective for the mining of zinc, copper. lead, silver and gold.
Mt Windsor Project is Wholly Owned by Liontown Resources Limited
The Mt Windsor project is wholly owned by Liontown Resources Limited, a base metals development and exploration company based in Perth, Western Australia. The Mount Windsor volcanics project has mining tenements covering a 100 kilometre strike over an area of 3,000 square kilometres south of Charters Towers that is regarded as being highly prospective. The area around Charters Towers has been a prolific producer of base metals for many years with more than 18 million ounces of gold, 38 million ounces of silver, 90,000 tonnes of lead, 300,000 tonnes of copper and 350,000 tonnes of zinc being produced there in the past.
Mt Windsor Project was Previously a Joint Venture Operation Between Liontown and Ramelius Resources
From April 2010 through to July 2013 the Mt Windsor Project was subjected to a joint venture arrangement between Liontown Resources and Perth based gold mining development company Ramelius Resources Limited. However, Ramelius Resources Limited withdrew from the arrangement in late July 2013.
Ramelius Resources Identified Two Prospective Areas for Liontown to Target at Mt Windsor
The benefit from being involved with Ramelius Resources in the early days of the Mt Windsor Project has come about in the detailed and comprehensive database that was complied by Ramelius Resources that has identified two targets; the Allendale and Kookaburra prospective areas, that have been shown to contain multi-element anomalies warranting drill testing:
1. The Allendale prospective is situated in the western area of the project where soil sampling has identified four zones containing significant gold mineralisation.
The most stand-out feature is a one kilometre long anomaly where geology and geochemistry testing has identified high order, gold, silver tungsten, mercury, molybdenum, copper, silver and gold mineralisation.
2. The Kookaburra prospect area has revealed, through soil sampling, a high order tungsten, mercury, molybdenum, copper, silver and gold anomaly over a 1.2 kilometres strike.
Ramelius Resources had drilled nine drill holes totalling 1,020 metres in this area to test the northern portion of the soil for mineralisation. The Kookaburra drilling results suggest a copper, molybdenum gold porphyry system that has an extensive but shallow cover of soil. This is regarded as a strong result. The south eastern part of the Kookaburra prospective area has not yet been drill tested.
Liontown is Primarily a Gold Exploration Company
Liontown Resources Limited is a primarily gold focused exploration company concentrating its efforts, to date, on northern Queensland. It is in Northern Queensland where it believes there already exists world class gold deposits with prospective areas that offer the opportunity for further discovery and development.
The major shareholder in Liontown Resources Limited is its chairman Tim Goyder with the next largest shareholder being Michael Fotios's Delta Resource Management company. Liontown Resources also has mining interests in northern Tanzania.
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