| Announcement Date: | 2022-07-27 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Latin Resources Ltd. |
| Project name: | Salinas |
| Location: | Brazil |
| Commodities: | Lithium |
| Highlight: | Drilling results incl. 16.0m @ 1.29% Li2O from 189m |
| 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 following update on resource definition drilling and other studies currently ongoing at the Company’s 100% owned high‐grade Colina Lithium Prospect (“Colina”) (Appendix 1 and Figure 1). Latest assay results from diamond drilling at the Company’s 100% owned Colina Prospect, part of the broader Salinas Lithium Project in Brazil, continue to confirm the continuity of grade and thickness of the high‐grade Colina pegmatites at depth. Latest results include The Company has completed 29 holes for a total of approximately 5,890m of the estimated 25,000m resource definition drilling program. With the arrival of the fourth diamond drill rig on site (Figure 3), the resource definition drilling campaign is at full speed and on track to complete a maiden JORC Mineral Resource Estimate (MRE), for the Colina Prospect by the end of the year. The Company controls a significant tenement package in the area, with the prospective stratigraphy extending across strike approximately 2.1km to the west and 1.0km to the south of Colina. |
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