LRS 2.44% 21.0¢ latin resources limited

LRS General Discussion, page-11827

  1. 86 Posts.
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    I initially start mapping the information provided in the Salinas Corridor as I couldn't visualise the hole SADD145, but then I got excited with a few extra things. Below is the outcome.


    https://hotcopper.com.au/data/attachments/5394/5394283-dcf8d03a34c520d23ceab4670f34242f.jpg

    Pins in blue are completed and yellows are in progress (at the time of the announcement).

    1. SADD145 is way west than any other hole we have punched so far. Maybe they are trying to test the thickness of the corridor and seems they haven't hit anything as the hole is completed and there is no mention.

    2. SADD132 I believe is one of the deepest holes so far (650mts) and based on visuals the pegmatite they hit at deep seems are not that good.

    3. SADD146 is in progress and we don't know how deep they've gone so far, but there is only think hits. But this is another 0.6km southwest.

    4. I have included what Ionic (thanks @Minion32 is doing on the East and I'm surprised that all the holes we punched in the red circle are all dusters... Also, seems they are drilling on the other sider where we did drill long time ago and we only hit dusters too. I will keep monitoring, but I would be surprised if al they pegmatites ends in their land.

    5. Based on this announcement I understand they took the Option to acquire 831799/2005 and we still have the option to acquire the 2nd and 3rd tenements.

    6. The tenements markets in black seems to be available - I wonder why no one has applied for this land yet

    Now, looking at the potential corridor:

    https://hotcopper.com.au/data/attachments/5394/5394285-7bfc44fe890cbb8df90af9451469e5f0.jpg

    There are another 4 owners of tenements in the supposed corridor (and one of them has a licence for lithium - Antonio).

    Green tenements are owned by LRS
    Yellow tenements we have option to acquire 100% (the ones in the north are the applications which I haven't changed the colour - should all be green).
    (white tenements are free for grab - at least this is my understanding)

    I also mapped the filed work the are doing.. and this is where got quite interesting:

    https://hotcopper.com.au/data/attachments/5394/5394288-d21c1152b09b9156f252408e80981e05.jpg

    Based on the information provided (and if I didn't mess it up) the information from PMAP279 actually is from inside land of Slipstream... which makes me think they are already in discussion about having an option to acquire this land.

    Really exciting times ahead for all LRS holders... only realising some of all this opportunities would convert LRS in a tier 1 company.

    DYOR and let me know if anything makes no sense!
 
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