Latin Resources Increases Salinas Lithium Project Tenure

THE DRILL SERGEANT: Latin Resources (ASX: LRS) will host a busy booth at the RIU Explorers Conference next week after announcing expansion of the company’s Salinas lithium project in Brazil.

Latin Resources has expanded its Salinas project tenure, by securing a large package of new tenements in the highly prospective region which hosts the company’s 100 per cent-owned Colina lithium deposit.

Latin Resources released a maiden Mineral Resource Estimate (MRE), for the Colina deposit of 13.3 million tonnes at 1.2 per cent lithium oxide (Li2O), along with a JORC Exploration Target Range (ETR) for the deposit of 13.5 – 22 million tonnes with a grade range of 1.2 – 1.5 per cent Li2O, in early December 2022.

The company has lodged 17 new applications covering over 29,940 hectares with the Brazilian National Mining Agency (ANM) over what it considers areas that contain favourable basement lithologies to host lithium bearing pegmatites, like those found at Colina.

“The Bananal Valley region is a highly prospective district, as we have proved with the discovery and delineation of the Colina lithium deposit,” Latin Resources geology manager Tony Greenaway said in the company’s ASX announcement.

“Our proprietary knowledge gained over the past 12 months throughout the resource definition drilling of Colina, coupled with our understanding of the wider regional controls to mineralisation in this area, has enabled us to identify these opportunities to secure what we believe are favourable exploration areas for the company.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE