- Latin Resources (LRS) reports “exceptional” results from diamond drilling completed within its Salinas lithium project in Brazil
- The company has received assay results from work completed at the Colina and Colina West areas at the end of 2022
- Latin intersected over 67 metres of mineralised lithium pegmatites in one hole at Colina West, with assays including 13.73 metres at 1.38 per cent lithium oxide from 200 metres
- The company told investors it believes with more drilling, Colina West has the potential to deliver significant tonnes to the overall resource base for the project
- Latin Resources is up 8.33 per cent and trading at 13 cents at 12:24 pm AEDT
Latin Resources (LRS) has reported “exceptional” results from diamond drilling completed within its Salinas lithium project in Brazil.
The company has received assay results from work completed at the Colina and Colina West areas at the end of 2022, which it said confirmed its assessment that the Colina West prospect represented an “exceptional resource growth opportunity”.
Assay results for 13 drill holes have been returned, with a further 10 still outstanding.
From these 13, Latin intersected over 67 metres of mineralised lithium pegmatites in one hole at Colina West, with assays including 13.73 metres at 1.38 per cent lithium oxide from 200.19 metres and 10.85 metres at 1.96 per cent lithium oxide from 322.15 metres.
“These latest results from our 2022 drilling campaign are exceptional,” LRS Geology Manager Tony Greenaway said.
“The Colina West area is shaping up to be a critical new discovery for the company.”
The company’s current 65,000-metre diamond drilling program has been focused on fast‐tracking the growth of the existing Colina deposit and the systematic resource definition drilling of the Colina West prospect.
“The thick high-grade mineralisation we have encountered here is on par with, or arguably better than, the main Colina deposit,” Mr Greenaway said.
“The potential scale of the Colina West discovery, highlighted by these latest results, means that this area is a major focus for our current 2023 drilling campaign.”
The Geology Manager told investors the company believes with more drilling, Colina West has the potential to deliver significant tonnes to the overall resource base for the project.
Latin Resources was up 8.33 per cent and trading at 13 cents at 12:24 pm AEDT.