Announcement Date: 2022-08-16
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Latin Resources Ltd.
Project name: Salinas
Location: Brazil
Commodities: Lithium
Highlight: Drilling results incl. 20.09m @ 1.35% Li2O from 71.0m
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 Prospect (“Colina”) (Appendix 1 and Figure 1). The Salinas exploration team has reported a new lithium spodumene discovery with the recently completed hole of SADD033 approximately 500 metres west of the Colina Prospect. The drilling has discovered an intersection of a new swarm of spodumene bearing pegmatites including one of 18.75m in thickness. This discovery at Colina West has significant scale implications for the Salinas Lithium Project, if drilling confirms the presence of additional parallel mineralised pegmatite systems in close vicinity to the main Colina Prospect. In addition to this significant discovery at Colina West, the Company’s regional mapping campaign has highlighted a third outcropping pegmatite system one kilometre further out to the west of the new Colina West discovery hole, as well as a potential convergence of several pegmatites, including the main Colina and new Colina West systems. The Company will look to systematically drill test both of these additional high priority target areas in due course.
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