New Pegmatite Zone At Depth At Colina Lithium Prospect
HIGHLIGHTS
- Drilling at Colina has confirmed the presence of additional wide, spodumene bearing pegmatites below any previously reported intersections, with recent drill hole SADD020 intersecting 7.46m of pegmatite with estimated 15-20% spodumene.
- The latest results from diamond drilling in the centre of the Colina Prospect have confirmed the previously reported wide spodumene pegmatite intersection in drill hole SADD016, returning 25.24 m @ 1.25 % Li2O from 94.14 m.
- The Company will undertake preliminary Dense Media Separation (DMS) metallurgical test work on the Colina Prospect drill core as a part of the Company’s fast-track strategy.
Latin Resources’ Exploration Manager, Tony Greenaway, commented:
“Our drilling at Colina continues to return excellent results, with these latest assays from drill hole SADD016 being our best intersection to date, further highlighting this central zone of Colina as a priority area for the Company.
“The discovery of a new spodumene pegmatite at depth in hole SADD020, below all our previously reported pegmatites, has highlighted the upside at Colina. We know we have additional pegmatites to test further out to the west of Colina, and now we have proven the potential for additional stacked pegmatites at depth. The more we drill at Colina, the better this prospect seems to get. Based on this newly discovered pegmatite, the Company will continue to push our drilling below our previous target depths to fully evaluate this emerging new zone.
“We are also very pleased to get some initial metallurgical test work underway. We have had very productive discussions with a number of specialist consultant groups during the recent PDAC conference including metallurgical, mining, and environmental permitting consultants. We outlined and have initiated some dense media separation test work, which will provide the Company with preliminary recovery and potential lithium concentrate grades, as well as providing guidance for a more detailed metallurgical test work program to be undertaken as part of the Company’s strategy to fast-track our exploration activities to a Maiden JORC Mineral Resource.”
Colina Prospect – Resource Definition Drilling
Latest assay results from diamond drilling at the Company’s 100% owned Colina Lithium Prospect, part of the broader Salinas Lithium Project in Brazil, have confirmed the grade of the previously reported wide pegmatite in hole SADD016 (Figure 1 and Figure 2) including2:
- SADD0016: 25.24m @ 1.25% Li2O from 94.13min
including: 7.00m @ 1.52% Li2O from 97.00m
and: 9.19m @ 1.51% Li2O from 109.00m
Visual logging of hole SADD017 drilled down dip to the east of hole SADD016, has shown multiple separate wide pegmatites (Figure 3), with the Company’s on-site field teams estimating significant zones of spodumene in the logged pegmatites (Refer to Table 1 for details).
In addition to these two results, SADD020 drilled approximately 260m to the south of SADD016, has uncovered a new thick pegmatite below any previously reported intersections, with a zone of 7.46m of spodumene bearing pegmatite at a depth of 207.08m own hole (Figure 2 and Figure 4), with logging estimating between 15-20% spodumene3.
Figure 1: Drill section A-A’ showing completed and planned drill holes, and results for SADD0164and logged pegmatite intersections for SADD017 (results pending)
These results highlight the significant upside potential for the discovery of new pegmatite zones within the Colina Prospect. With the imminent arrival of additional, larger drilling rigs capable of reaching greater depths, the Company continues to push drilling beyond previously planned depths to fully evaluate this new zone.
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Avalon Advanced Materials: Critical Minerals for Clean Technologies
Avalon Advanced Materials (TSX:AVL)) targets multiple critical minerals necessary for manufacturing clean technology. With over 25 years of experience working in the critical minerals sector, the company has first-to-market advantage, in addition to the years of expertise in the field.
The Separation Rapids Lithium Project, the company’s current flagship project, is in the preliminary stages of economic assessment and feasibility study. The project is in advanced exploration stages, but new studies are required per its new agreement with Essar Group to fund and build a new lithium refinery. However, an accurate economic assessment can now be completed since Avalon Advanced Materials has a specific refinery agreement.
Company Highlights
- Avalon Advanced Materials is a Canadian-based mineral exploration and development company with assets targeting multiple critical minerals, including lithium and tin.
- The company’s entire portfolio consists of assets located in stable jurisdictions throughout Canada.
- The company’s flagship project, Separation Rapids, is poised to supply Ontario’s first lithium refinery and create a domestic supply chain for the critical mineral. It strategically aligns with the Ontario Critical Minerals strategy, leading sustainability solutions with its unique lithium petalite deposit in Northwestern Ontario.
- The petalite deposit can potentially serve both the global glass-ceramics industry and the electrification sector.
- Don Bubar, president and CEO, had the foresight to acquire assets covering multiple critical minerals. As a result, while the race to carbon neutrality heats up, the company is ready to supply the essential minerals that manufacturers need.
- Avalon Advanced Materials is a Canadian enterprise that has been in business for over 25 years, specializing in the critical minerals sector.
This Avalon Advanced Materials profile is part of a paid investor education campaign.*