Latin Resources

Latin Secures New Colina Extension Doubles Strike Length

Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is pleased to advise that it has secured an additional 1.2 kilometres of tenure covering the interpreted southern strike extension of the Company’s 100% owned high-grade Colina Lithium Prospect (“Colina”). The Company has also dispatched samples to the laboratory, to commence preliminary metallurgical test work as part of the Company’s fast-track strategy.


HIGHLIGHTS

  • Latin Resources has secured further highly prospective tenure covering an additional 1.2 kilometres of the southern strike extension at the Colina Lithium Prospect, where the known high-grade lithium pegmatites are interpreted to continue under shallow cover.
  • New extension doubles strike length from 1 km to over 2 km.
  • Diamond drilling of these interpreted extensions will be undertaken as part of the current 25,000m resource definition drilling campaign.
  • Drilling continues to show excellent results with further wide spodumene rich pegmatites intersected in drill core.
  • First pass metallurgical samples have been dispatched to the laboratory, with preliminary DMS, flotation and detailed petrological test work to commence this week.

Colina High-Grade Lithium Prospect

Latin is pleased to announce that it has secured additional exploration rights covering the area directly along strike to the south of the high-grade Colina Project (Figure 2 and Figure 3), where drilling has confirmed the presence of thick, high-grade, near surface pegmatites. The new option agreement extends the Company’s 100% tenure a further 1.2 kilometres to the south, where drilling shows the pegmatites remain open, with the southern most drillhole targeting the main pegmatites, SADD006, returning an intersection of 21.1m @ 1.2%Li2O1.

Figure 1: New diamond drilling rig on site at Colina

The resource definition campaign is well underway at Colina, there has been 25 holes drilled for a total of 4800 metres. There are now three diamond rigs drilling, with a fourth rig arriving in late July. The plan is for a total of over 100 holes to be drilled for an estimated 25,000m of diamond core drilling to be completed. This program is likely to be expanded to include step out drilling to the south to outline the full strike extent of the identified pegmatites, as well as deeper holes to test for additional stacked pegmatites as previously announced2.

Figure 2: Colina Prospect, showing new tenure covering interpreted strike extensions, completed drill collars3 and significant intersections received to date

Figure 3: Regional Salinas Lithium Project tenure

Colina High-Grade Lithium Prospect – Metallurgical Test Work

The Company can confirm that samples have now been received at the SGS laboratory in Brazil, enabling the commencement of the planned preliminary metallurgical test work on the Colina lithium pegmatite. The planned test work will include Dense Media Separation (“DMS”) and flotation testing to determine lithium recovery into final concentrates, and detailed mineralogical and petrological studies to confirm individual miner species present in the Colina pegmatite.


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.

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