Latin Resources Logo

3.22% Li2O. Assay Results Confirm High-Grade Lithium Pegmatites at Salinas Project, Brazil

Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is pleased to announce that the first assay results from drilling at the Salinas Lithium Project in Brazil (“Salinas Lithium Project”), have confirmed that the previously reported spodumene rich pegmatites contain high-grade lithium with a peak grade of 3.22% Li2O returned from one sample1 . These positive assay results at the Salinas Lithium Project in Brazil are growing Latin’s confidence of a potential new, high-grade lithium discovery. Assay results from the sampled pegmatite zones in the first two diamond holes (SADD001 and SADD002) (Figure 1 and Figure 2), show that the two main logged pegmatites (Figure 2, Peg_1 and Peg_2), both contain significant lithium, with Peg_2 showing a consistent higher grade in both holes (Table 1)1 .

  • First assay results from the initial two drill holes completed at the Southern Target area of the Salinas Lithium Project in Brazil have confirmed a potential new high-grade lithium discovery.
  • Excellent assay results with the presence of high-grade lithium in pegmatites, with a peak individual grade of 3.22% Li2O.
  • First major intersections include:
    • SADD001: 4.31m @ 2.22% Li2O, from 83.82m Including: 1.13m @ 2.85% Li2O, from 87.0m
    • SADD002: 8.13m @ 2.00% Li2O from 111.3m Including: 1.0m @ 3.22% Li2O from 112.3m and: 3.0m @ 2.20% Li2O from 115.3m
  • Assay results show consistent down-hole grade profiles in both holes, with a strong grade correlation down dip between the individual pegmatites in each hole.
  • Logging of all holes drilled to date indicates the consistent development of the separate pegmatites across a strike length of 500m, which remains open along strike.
  • The pegmatites are generally increasing in thickness along strike to the south, where assay results from the next four holes are pending.
  • The positive assay results now increase the Company’s growing confidence that it has discovered a significant lithium occurrence.
  • The drilling will now be focused on the Southern Target area where the pegmatites are thicker and remain open to the south, where the Company will commence infill and step-out drilling.

Table 1: Selected significant lithium (>0.4% Li2O) pegmatite intersections from Salinas Lithium Project diamond drilling. Refer to Appendix 1, Table 3 for full assay results.

Click here for the full ASX Release

This article includes content from Latin Resources Limited , licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

The Conversation (0)
European Lithium Limited

European Lithium Limited (ASX: EUR) – Reinstatement to Quotation


The suspension of trading in the securities of European Lithium Limited (‘EUR’) will be lifted immediately following the release by EUR of an announcement.

Keep reading...Show less
European Lithium Limited

Critical Metals Corp. Completes Business Combination

Critical Metals Corp. commences Trading on Nasdaq under the Symbol “CRML”

European Lithium Limited (ASX: EUR, FRA:PF8, OTC: EULIF) (European Lithium or the Company) is pleased to announce completion of the business combination between the Company and Sizzle Acquisition Corp., (NASDAQ: SZZL) (Sizzle) to form Critical Metals Corp. (Critical Metals) (Transaction). Critical Metals commenced trading on the Nasdaq on 28 February 2024 under the symbol CRML.

Keep reading...Show less
Chariot Corporation

Black Mountain Project Land Position Expanded

Chariot Corporation Limited (“Chariot”, “CC9” or the “Company”) is pleased to announce that it has significantly expanded the footprint of the Black Mountain project (“Black Mountain“) by staking and filing with the Bureau of Land Management (”BLM”) 218 unpatented lode mining claims (“Claims”) totalling 1,807 ha of tenure (“BMX Claims”).

Keep reading...Show less
Oceana Lithium

Oceana Lithium

Keep reading...Show less
CleanTech Lithium (OTCQB:CTLHF)

Laguna Verde Project PFS Update

CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF, Frankfurt:T2N), an exploration and development company advancing lithium projects in Chile, announces that it now expects to publish the Pre-Feasibility Study (the "PFS") for the Laguna Verde Project in Q3 2024. In order to produce a more robust PFS, which will further support strategic partner discussions, the Board has decided to include data from the Company's DLE pilot plant as well as from the current drilling and field programme at Laguna Verde.


Keep reading...Show less

Latest Press Releases

Related News