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Thickest Intersection Recorded to Date with 21.1M @ 1.2% Li2

RESULTS CONTINUE TO CONFIRM SPODUMENE PEGMATITE CONTINUITY, MONTE ALTO DRILLING COMMENCED

Latin Resources LimitedLatin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is very pleased to announce that diamond drill testing of high-grade outcropping lithium pegmatites at the Company’s second prospect area, the Monte Alto Prospect in Brazil, has commenced. The latest assays from drilling at the Company’s first prospect, the Bananal Valley Prospect to the west (Appendix 1, Figure 7), continue to return exceptional results.


HIGHLIGHTS

  • Latest results from diamond drill holes at the Bananal Valley Prospect area have returned the thickest intersection recorded to date with 21.1m @ 1.20% Li2O from 208.80m in hole SADD006.
  • Drilling has commenced at the new Monte Alto Prospect area where the Company will undertake the first ever drill testing of the outcropping high-grade lithium pegmatites, in parallel with the commencement of a large 25,000m resource definition campaign at the Company’s more advanced Bananal Valley Prospect approximately 4 kilometres to the west.
  • Assay results continue to demonstrate the strong continuity of the lithium grades with significant intersections returned over a strike length of greater than 600m and remaining open along strike and down dip.
  • Most recent new intersections received for the Bananal Valley Prospect include

Latin Resources’ Managing Director, Chris Gale, commented:

“We continue to receive exceptional assay results from our Bananal Valley Prospect. This continues to get more encouraging every day. We are also very excited to be commencing drilling at our new Monte Alto Prospect. Our mapping and outcrop sampling in this area has shown us that we have thick, highgrade lithium pegmatites outcropping over a considerable strike extent. With multiple high-grade results up to 2.30% Li2O1 from initial surface sampling, the early signs are equal to or better than those returned at the same stage from our more advanced Bananal Valley Prospect. We are planning an initial 2,000m of drilling in two stages at Monte Alto and assay results should start flowing in May.

“With the company recently raising $35,000,000, we have now expedited the drilling program by commencing our 25,000m resource definition drilling campaign at Bananal Valley.

“With drilling now on multiple fronts, and more rigs on the way to site, we have really stepped up our pace in Brazil to fast track our pathway to an initial JORC Mineral Resource estimate.”

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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