Latin Resources

Resource Definition Drilling Commenced at“Colina Prospect”, Bananal Valley, Brazil

First Hole Intersecting 27.78m Spodumene Pegmatite

Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is very pleased to announce the commencement of a resource definition drilling campaign at the newly named “Colina Prospect” at the Company’s Bananal Valley Project in Brazil.


  • The first hole of the new program (SADD016) has intersected a very wide, 27.78m pegmatite with a central core of over 21m logged with significant >20% spodumene. This intersection is notably wider than previous intersections in adjacent drillholes.
  • A 25,000m systematic resource definition diamond drilling has commenced at the newly named “Colina Prospect” at the Company’s Bananal Project in Brazil, where previous drilling has returned thick high-grade lithium with results up to 3.22% Li2O.
  • An initial three hole drill programme has also commenced at the Monte Alto Prospect.
Latin Resources’ Managing Director, Chris Gale, commented:
“The commencement of the resource definition drilling campaign our newly named Colina Prospect in the Bananal Valley Brazil, marks a significant milestone for the Company. The speed at which we have moved to resource definition drilling is a measure of the Company’s belief that we have made a significant new lithium discovery. Results have only continued to get better with more drilling, returning some exceptional grades from wider pegmatite zones.
“Our confidence has been further boosted with the completion of the first hole of the resource definition campaign intersecting a pegmatite which is over 27m thick, with a core of over 21m logged with a high abundance of spodumene. While this is early days in the large 25,000m campaign, the Company is committed to fast tracking the project toward the estimation of a maiden JORC Mineral Resource by the end of the year. We have boosted our technical team in Brazil to accommodate the increased drilling pace, with our Australian-based Exploration Manager currently on site in Brazil to help facilitate the ramp up in activity.
“We are also very pleased to be drilling at our second target area, the Monte Alto Prospect, with the scout drilling campaign well on the way.”
Colina Prospect – Resource Definition Drilling
Resource definition drilling campaign comprising an estimated 100 holes for 22,000 - 25,000m, has commenced at the Company’s newly named “Colina Prospect” (Figure 1), where previous first pass drilling has identified high-grade lithium pegmatites over a strike extent of 600-800m.
Figure 1: “Colina Prospect” Location map, Salinas Lithium Project, Brazil
The first hole of the campaign SADD0161 , has intersected a very wide 27.78 meters coarse grained fresh pegmatite, with geological logging identifying a core zone of 21.48 meters with a visual estimation of spodumene of over 20% (Figure 2, Figure 3, Figure 4 and Table 1). This intersection is notable wider than those in the holes SADD003 and SADD004 on section to the north which reported high-grade intersections of 17.05 meters and 17.38 meters respectively2 .
Figure 2: SADD016, 91.60 – 119.38m, 27.28m pegmatite with large fresh light green spodumene crystals throughout
This article includes content from Latin Resources Limited (ASX: LRS), 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)
Lithium Universe

Lithium Universe Limited (ASX: LU7) – Trading Halt


The securities of Lithium Universe Limited (‘LU7’) will be placed in trading halt at the request of LU7, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 29 April 2024 or when the announcement is released to the market.

Keep reading...Show less
Quarterly Activities and Cash Flow Report for the Quarter Ended 31 March 2024

Quarterly Activities and Cash Flow Report for the Quarter Ended 31 March 2024

Atlantic Lithium looks ahead to major near-term value-drivers as it advances the Ewoyaa Lithium Project towards shovel-readiness

The Board of Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, “Atlantic Lithium” or the “Company”), the African-focused lithium exploration and development company targeting to deliver Ghana’s first lithium mine, is pleased to announce its Quarterly Activities and Cash Flow Report for the period ended 31 March 2024.

Keep reading...Show less
White Cliff Minerals

Board Changes

White Cliff Minerals Limited (White Cliff or the Company) is pleased to announce the appointment of Mr. EricSondergaard (“Eric”) as Executive Director, effective immediately.
Keep reading...Show less
Oceana Lithium

Quarterly Activities Report for the Period Ended 31 March 2024

Oceana Lithium Limited (ASX: OCN, “Oceana” or “the Company”) is pleased to present its activities report for the March 2024 quarter.

Keep reading...Show less
Premier1 Lithium

Results From First Drilling at Abbotts North Confirm LCT System

Premier1 Lithium Limited (ASX:PLC) (“Premier1” or the “Company”) advises that results have been received from the first drilling program at Abbotts North located 35km north of Meekatharra, Western Australia. The results show elevated lithium across the stacked pegmatites of up to 0.41% Li2O (24ANR007), confirming the continuation of the LCT system down depth and along strike.

Keep reading...Show less

Latest Press Releases

Related News