Latin Resources Confirms New Salinas Lithium Corridor

THE DRILL SERGEANT: Latin Resources (ASX: LRS) reported news from regional exploration activities at the company’s 100 per cent-owned Salinas lithium project in Brazil.

Following a recent Mineral Resource Estimate (RE) update, Latin Resources is working to expand the project’s existing Colina deposit footprint via extensional diamond drilling programs to the southwest of the Colina deposit and at several regional target areas with eight diamond drilling rigs active on site.

Latin Resources said drilling has intersected spodumene rich pegmatites from multiple diamond drill holes, at two separate locations within the company’s prospective lithium corridor, from which assay results are pending.

Latin declared the drilling had confirmed an extension of the ‘Colina pegmatite system’ from drill testing of a ‘blind’ geophysical target, 560 metres to the southwest of the Colina, where three of four holes completed to date encountered shallow east dipping, course grained spodumene rich pegmatites, again from which assay results are pending.

Diamond drilling is underway on an initial 4,000m drilling program at the new Colina SW and Fog’s Block targets.

“These are significant new discoveries by the Salinas exploration team, demonstrating our strong understanding of the regional controls to mineralisation within our district,” Latin Resources vice president of operations – Americas Tony Greenaway said in the company’s ASX announcement.

“These latest drilling intersections validate our regional interpretation of a large, mineralised pegmatite system potentially extending up to 26 kilometres to the southwest of our flagship Colina deposit and provides Latin with a very clear pathway for further resource expansion.

“While these early drill core observations are extremely encouraging, we are still waiting for assay results and need to fully evaluate this information within the context of all our drilling results to fully understand the larger regional system.

“We will continue to drill test these newly identified areas in parallel with the ongoing infill and systematic step-out drilling at Colina itself, with the aim of growing the existing 45 million tonnes resource base at Colina.”

 

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