LRS 0.00% 17.0¢ latin resources limited

LRS chart, page-403

  1. 2,332 Posts.
    lightbulb Created with Sketch. 1129
    Yep, no shortage of choice mate, GOLD/LITHIUM/COPPER/HALLOYSITE and you may even add SILVER at 124g/t and Zinc at 1.35%.
    Drilling done by BHP pre 1935.
    Personally I'm happy with two projects free carried(Lithium and Copper). Better we concentrate on GOLD first n Halloysite second because we are sitting on a shit load of gold.



    Mineralisation
    Gold mineralisation at the Yarrara Reefs mines is predominantly hosted within
    sediments and is postulated to have resulted from the movement of gold-bearing
    a b
    fluids along major north west trending faults such as the Yarrara Shear. Gold-bearing
    quartz veins within the sediments generally have a chloritic alteration assemblage
    within the host rock, with minor arsenopyrite and pyrite associations. Historical
    reports note no extraction problems associated with refractory sulphides.
    Gold mineralisation is associated with narrow quartz veins that strike east west and
    are contained within the larger north west trending fault. These minor, mineralised,
    east-west faults are postulated to represent tensional dilations along joint planes.
    The Yarrara Shear which contains the Yarrara Reefs mines, hosts further gold
    mineralisation to the north and south along strike outside the project tenure. The
    Billabong gold mine to the north and the Carboona lead-zinc-silver-fluorite mine
    south of Yarrara are situated within the Yarrara Shear Zone. Carboona is a precious
    and base metals mine located 15 kilometres south of the Yarrara Reefs on a cross fault
    with the Yarrara Shear Zone. A resource estimate prepared by BHP Limited from
    underground diamond drilling is stated at 35,000 tonnes at 34% Calcium Fluoride
    (CaF2), 10% lead (Pb), 1.35% zinc (Zn) and 124 g/t Silver (Ag). While potential
    exists for further resources to be delineated, the costs would be high and this remains
    a low priority target.
    Previous Gold production for the mines is as follows:
    Mine Max
    Workings
    Depth
    Production dates Average
    Grade
    (Au)
    Output (oz Au)
    Rangatira 45m 1877, 1905, 1935 60 g/t 781
    Just-In-Time 24m 1876, 1905, 1935 30 g/t 22,515
    Perseverance 66m 1875-81, 1905-
    10, 1935-37
    45 g/t 2.540
    Four Mile Creek,
    Mountaineer &
    Unnamed
    Up to
    50m
    1870’s, 1902-6
    and 1935
    16-37 g/t Unknown (in
    excess of 200)
    TOTAL 26,036+
    #Above data taken from the Wagga Wagga 1:250,000 Metallogenic Map – Mine data and
    Metallogenic Study (Mine No. 195-200), Geological Survey of New South Wales 1982
    According to the Geological Survey of NSW, alluvial tin mines (Mt Gifford,
    Musgrave Lodes and Holmans Reef) located within the Project tenure were small and
    were not worked to great depth (<10m) or extent. These deposits appear to be
    spatially related to intrusive Silurian granitoid rocks.

 
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