- Latin Resources’ (LRS) 2023 drilling program has begun at its flagship Salinas lithium project in Brazil
- Eight drill rigs will be deployed at the site, including six small diamond rigs and two larger drill rigs
- The 65,000-metre mineral resource program aims to expand the Colina deposit’s maiden mineral resource estimate of 13.3 million tonnes at 1.2 per cent lithium oxide
- In addition, LRS is focused on expanding its core processing and storage facility on site, which is almost complete, aimed to significantly increase drilling activity in 2023
- Company shares are up 4.17 per cent, trading at 12.5 cents at 12:36 pm AEDT
Latin Resources (LRS) has commenced a drilling program at its flagship Salinas lithium project in Brazil.
The company announced field teams and drilling rigs have arrived to the site, committed to minimising the environmental impact through the use of “innovative and low-impact rigs.”
LRS deployed six modular diamond drill rigs, capable of drilling to depths of 400 to 450 metres below surface. Two larger drilling rigs will also be set up, capable of reaching further depths.
The 65,000-metre planned drilling program for 2023 is focused on expanding the company’s maiden JORC mineral resource estimate of 13.3 million tonnes at 1.2 per cent lithium oxide at the Colina deposit.
LRS Geology Manager Tony Greenaway said the company was in a strong position moving forward as a result of drilling efforts in 2022.
“The initial results from hole SADD033 drilled into Colina West last year was a watershed moment for the team, and our understanding of the larger mineralised system at Colina,” he commented.
“…with continued drilling, we will be in a position to upgrade and expand our mineral resource base in the 2023 March quarter.”
LRS’ program also eyes off further mineral resource definition for the Colina West prospect.
Prior drilling at Colina West provided optimism, with the presence of multiple spodumene bearing pegmatites including thick high-grade intersections uncovered.
Further drilling in late 2022 intersected the same pegmatites in multiple drill holes, showing continuity up and down dip from SADD033, with assay results pending.
LRS also provided an update on the company’s expansion of its core processing and storage facility on site at Salinas which is aimed at supporting increased drilling set to commence in early February 2023.
The company indicated targeted large diameter PQ diamond core drilling for detailed metallurgical DMS pilot plant and other test work will begin in February.
Company shares are up 4.17 per cent, trading at 12.5 cents at 12:36 pm AEDT.