I'm not sure about an lt1 but I would assume that the procedure would be similar to this:
Drain the fluid completely from the radiator, radiator reservoir, and engine block. there should be a knock sensor and a drain plug on opposite sides of the engine block. you need to pull both sides to completely drain the block of coolant. button it back up. fill the system with water and your desired flush chemical. run for at least 30 minutes. then drain the system of fluid again. This is optional but I like to then fill with just water and run for 5 minutes to get any residue from flush chemical out of the system. If I'm feeling really CDO I will do this water flush three times before I move on to putting coolant into the system. after you've filled up the system with coolant, you may need to bleed some air out of the system.
Have fun.