Announcement Date: 2022-06-08
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Latin Resources Ltd.
Project name: Salinas
Location: Brazil
Commodities: Lithium
Highlight: Drilling results incl. 4.35m @ 1.76% Li2O from 36.75m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is pleased to provide the latest assay results from diamond drilling at the Company’s 100% owned high-grade Colina Lithium Prospect (“Colina” or the “Project”) in Brazil, where latest results have extended the known high-grade lithium pegmatites to over one kilometre along strike. Mineralisation remains open to the south. Latest assay results from diamond drilling at the Company’s 100% owned Colina Lithium Prospect have extending the known high-grade lithium pegmatite mineralisation to over 900m (Figure 1). Results include Logging of drill core from holes SAD014 and SADD015, which are the southernmost holes drilled to date, have confirmed the presence of significant widths of spodumene bearing pegmatites (Table 1), extending the known occurrence to over one kilometre along strike, with mineralisation remaining open to the south. The current close spaces resource definition drilling will aim to test this fill strike extent, to approximately 400m down dip, with 100m x 50m drill spacing. Data from this drilling will be used in the calculation of the Maiden JORC Mineral Resource Estimate (MRE), for the Colina Prospect. Discussions with suitably qualified independent resource consultant groups have commenced, with an anticipated delivery timeframe of December 2022.
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