Latin Resources Extends Colina Lithium Pegmatites
THE DRILL SERGEANT: Latin Resources (ASX: LRS) backed up its attendance at the RIU Sydney Resources Round-up by updating the market on the latest assay results from resource definition drilling currently underway at the company’s 100 per cent-owned Salinas lithium project in Brazil.
Latin Resources has completed 133 drill holes, which represents a substantial increase from the 47 holes it used for the project’s maiden MRE completed in December 2022.
The latest extension drilling to the west of the existing Colina MRE has encountered, what the company described as, “a significant lithium swarm” that has extended the footprint of the Colina deposit to over 2 kilometres long by one kilometre wide.
Latin Resources declared it is very confident these lithium swarms could continue along strike to the southwest, providing the potential to further extend the Colina deposit mineral resource.
The company signalled a new program of step-out drilling will now be designed to test the extension of the pegmatite structure.
“The continued expansion of this lithium pegmatite deposit is phenomenal and has the whole team very excited to potentially see this develop into a tier one lithium deposit in the Minas Gerais Lithium Valley,” Latin Resources VP of Operations – Americas Tony Greenaway said in the company’s ASX announcement.
“We will now move some rigs to start testing to expand the deposit through systematic step-out to the southwest from the known Colina mineralisation or what our team call the Colina Corridor, where our deposit remains open.
“Our team on the ground at Colina has done an outstanding job to get through the full drilling program that we had planned for the upcoming June resource update.
“All holes are now complete, samples collected and are with the laboratory in Belo.
“We have been seeing fast turnaround from the lab, so we expect to have all results back for the beginning of June, when SGS in Canada will commence the estimation process.
“Now that this drilling milestone has been achieved, we will switch our focus on site, moving some of our drilling fleet to start drilling some large diameter drill core to collect the necessary metallurgical samples for our DFS studies.
“This will include running the samples through the SGS DMS pilot plant in Lakefield, Toronto.
“While we are all eagerly anticipating the outcome of the MRE update, our focus is very much to continue to advance this exceptional project on all fronts.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE