Latin Resources confirms 1.1km copper strike at Ilo Este

THE DRILL SERGEANT: Latin Resources (ASX: LRS) has completed the third drill hole at the company’s 100 per cent-owned Ilo Este project in Peru.

The hole (IE-JDD-003) was completed to a depth of 629.2 metres with results concluding it to be consistently mineralised from surface to 472m down hole depth.

Assays have returned uncut average grades of 472m at 0.11 per cent copper, 0.09 grams per tonne gold, 11ppm molybdenum and 1.6g/t silver.

Latin said the mineralisation encountered by IE-JDD-003, clearly verifies the porphyry system to be mapped over more than three square kilometres as a large mineralised system with substantial scope for improved grades within the overall envelope of alteration and mineralisation the company has mapped to date.

 

Long section parallel with the strike of the Northern Intrusive Belt
showing copper assay results (red) from drill holes IE-JDD-001,
IE-JDD-002 and IE-JDD-003. Source: Company announcement

 

The company indicated the three holes drilled so far each host porphyry copper mineralisation, covering 1.1km of strike in the northern intrusive belt.

“Our third hole at Ilo Este reinforces the size and continuity of the mineralised porphyry system and also highlights the opportunity for securing a strong joint venture partner to help properly evaluate its full potential in a timely manner,” Latin Resources managing director Chris Gale said in the company’s announcement to the Australian Securities Exchange.

“We look forward to bringing such a partner to the project soon and thus enable value to be unlocked more rapidly for Latin shareholders.”

Email: info@latinresources.com.au

Website: www.latinresources.com.au