THE DRILL SERGEANT: Latin Resources (ASX: LRS) informed the market of field activities including mapping and sampling undertaken at the company’s Geminis mine in San Luis, Argentina.
Latin Resources said the recent work had produced very positive results.
The company commenced detailed geological mapping and sampling at the Geminis mine after the signing of a binding letter of intent in August 2017.
The initial work has concentrated efforts in and around the Geminis mine workings and then expanded out into the Don Gregorio exploration concession.
Latin Resources explained that, in the mine area, six pegmatite bodies were mapped – sometime as discreet structures over a strike length of 1.6 kilometres – following the major trend of the orebody that has been exploited through historical mining.
Individual pegmatites vary from four metres up to 20m in thickness and dip relatively gently to the south east at between 15 to 30 degrees, which Latin Resources considers to be an ideal orientation for any future possible open pit mining.
The company said the results from the sampling confirmed the spodumene zones that have been exposed by the historical mining contain encouraging lithium grades even after having been significantly weathered.
Latin Resources added that it expects the grades of lithium in fresh material should be higher as lithium is very mobile and is usually highly depleted from the host rock by the weathering process.
“The acquisition of the Geminis mine and subsequent positive field work that displays pegmatites with strike length of 7.5 kilometres, thickness of four to 20 metres coupled with high-grades of lithium gives Latin a fantastic opportunity to develop a JORC resource quickly then into a potential open pit mine,” Latin Resources managing director Chris Gale said in the company’s announcement to the Australian Securities Exchange.
“With the delay in permitting due to local elections over, this will now allow Latin to finish of its EIA and Drill permit to start drilling very soon.”