Latin Resources encounters improved mineralisation at Ilo Este

THE DRILL SERGEANT: Latin Resources (ASX: LRS) has received results from the second hole drilled in an ongoing program at the company’s Ilo Este copper porphyry project in Peru.

Drill hole IE-JDD-002 has been completed and Latin has assay results for the first 400m of core.

The company said the grades of copper show in the second hole improvement on the first hole, with continuity particularly good in the first 84 metres averaging 0.24 per cent copper.

Hole IE-JDD-002 was consistently mineralised from surface to 318m down hole depth, with uncut average grades of 318m at 0.13 per cent copper, 0.1 gram per tonne gold, 14ppm molybdenum and 0.9g/t silver.

The highest grade intersected returned 0.46 per cent copper, 3.1g/t gold, 86ppm molybdenum, 16g/t silver.

The best interval encountered was 0-84m at 0.24 per cent copper (oxides) (0.1 per cent copper cut-off).

 

Source: Company announcement

 

“Assays from our second hole at Ilo Este provide more evidence of the porphyry system being pervasively mineralised from surface over a wide area to at least the limit of oxidisation, so far over 110 metres depth,” Latin Resources managing director Chris Gale said in the company’s announcement to the Australian Securities Exchange.

“We are anticipating improved grades in the third hole which should open up serious potential for a very low cost heap leach operation supporting a significant tonnage oxide deposit.

“Beyond the third hole, we are also anticipating significant results as the fourth hole tests the Southern Belt, host to mineralised rocks that because of their chemistry have the potential for higher grade copper mineralisation.”

Email: info@latinresources.com.au

Website: www.latinresources.com.au