LRS 2.17% 23.5¢ latin resources limited

I was contemplating writing a post with some relative research...

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    I was contemplating writing a post with some relative research I've done for those new holders who want more info on what we have and where we are heading but instead I will just cut and paste my older posts, it would just take too long to rewrite it from scratch. I hope it would help and sorry if the info is scattered and doesn't flow systematically. Obviously there were some updates that might not be included

    Expected news flow

    we should expect a flow of news to come

    GOLD
    1. the signing by landowners
    2. exploration activities in the priority targets of the historical high-grade mines of Rangatira and Perseverance deposits.
    3.carrying out the pre-drilling exploration activities that would initially involve the acquisition of high-resolution geophysics
    4.structural control studies/interpretations leading to drilling target definition
    5. prioritisation of high value targets and initial reconnaissance drill testing to be completed.

    Noombenberry kaolin/halloysite Project, WA
    1. lodged drill permits to carry out reconnaissance exploration drilling to ascertain deposit depth and material characteristics as phase 1
    2. collection of samples throughout the mineralised thickness for deposit analysis and indication of tenor
    3.The holes would be drilled vertically and expected to be between 20m and 50m deep amounting to between 300m and 500m of drilling in total.
    4. initial drilling and assaying is to ascertain the quality of kaolin and more importantly how much of the value product of halloysite is contained within the kaolinite.
    5. make assessments around a larger drilling program on the success of this reconnaissance work

    Catamarca, Argentina
    1. Catamarca project sites so the DD period has been extended to the 30th September due to covid
    2. Integra will spend up to US$1 million (A$1.4 million) under a Joint Venture (“JV”) which will underpin an aggressive exploration program on the Catamarca concessions
    3. initial aim of delivering a maiden JORC resource.
    4. Free carried

    Copper Project, Peru
    1. On hold due to covid
    2. Free carried


    Invictus Gold Limited ANN 30 Jan 2013
    I found this announcement ( please see attachment ) dated 30/01/2013 by Invictus Gold Limited ASX:IVG mentioning some diamond drilling done in 1989. I was just wondering why it wasn't mentioned in LRS announcements. If we can get our hands on those drilling results , although limited , it would be an added value to our upcoming drilling campaign keeping in mind that gold exploration has advanced immensely with modern technology.




    Very little exploration has been done near these mines. A bulk cyanide leach soil geochemistry
    survey in 1989 identified several anomalous areas for follow up work including the Rangitara
    and Meribong Prospects. Trench samples returned very anomalous results of up to 25 m at
    5.6 g/t with grab samples up to 314 g/t gold. Follow up diamond drilling at Rangitara returned
    intercepts of 3 m at 5.7 g/t from 93 m (including 1 m at 16.9 g/t) and 1.5 m at 6.3 g/t from 124 m
    (including 0.5 m at 13.2 g/t).




    Yarara Gold project
    So while the stock market gets it's head around the sp I'm doing some leg work and it's Amazing how much just a little research can do , check out the 90g/tonne assays on the bottom right corner. That was never mentioned in the ANN.That's one of the dormant mines on the tenement ,
    Perseverance. Average grade 45g/t past production. In 1907 they dewatered the main shaft and got assays of up to 90g/t GOLD. The Yarara reefs follow prominent structural trend , this can be interpreted as a fault zone .


    https://hotcopper.com.au/data/attachments/2496/2496016-7b5def768b97284fae5120a01ecdda88.jpg


    The Rangatira mine, 60g/t, that's actual mined grades not drilling grades. It's on the same fault zone this can be interpreted as a fault zone .


    https://hotcopper.com.au/data/attachments/2496/2496049-98ba0b15ae5c339de21da6788b131623.jpg





    And let's all welcome
    Just-In-Time , 30g/t producing over 20,000 oz of Gold historically. Again its on the same structural trend this can be interpreted as a fault zone . You will notice a discrepancy in the amount produced between the value ($7920) and the box marked with X below (10,000-1,000,000) . That's because they were transporting a significant amount of ore to Victoria for treatment . Check the second attachment in the total production box Billabong .

    https://hotcopper.com.au/data/attachments/2496/2496009-c452ceb591afbbbd65674f1b861e95b9.jpg

    https://hotcopper.com.au/data/attachments/2496/2496008-acf680de4edfb857f9bd6f2f4022bb0b.jpg

    Has anyone noticed the 335 degrees on all three tenements in notes at the bottom right hand corner? ( The Yarara reefs follow prominent structural trend , this can be interpreted as a fault zone ). All three mines Perseverance, Rangarita and Just-in-time.

    https://hotcopper.com.au/data/attachments/2496/2496068-e331b7dc9ccb915de0cfcc227be3c74d.jpg


    Now look at the Yarara Gold project map. Look at the direction of all twenty mines and then look at the concentration of the three mines Perseverance, Rangarita and Just-in-time in the middle. 45g/t, 60g/t and 30g/t all proven in past production . All these mines follow prominent structural trend ie same fault zone

    https://hotcopper.com.au/data/attachments/2496/2496073-00c07f6e3bcd76281311011ce11d03da.jpg


    Has anyone seen this high concentrated area of high grade GOLD anywhere ? Mind you this is proven from actual past producing mines. Add to that it's on the Lachlan Fold Belt. I know where Mr Greenaway will be starting his exploration and will have further potential exploration SE and NW.These tenements are GOLD. GLTAH


    A FEW Other GOLD MINES ON LEASE
    Initially when I started searching about the Yarara Gold Project , Information was scarce. That's because there was very little exploration done plus they were separate tenements and held different names like Ournie, Jingellic, Rangatira , Billabong Rosewood, Lankeys Creek, Isabella Reef , Peep-O-Day reef etc etc They were joined together under one claim later as is it stands now. Now that I got my head around it and worked out the previous holders of the tenements , there is actually a lot more info. I'm just sifting through them at the moment, great info and very very encouraging. For example , in one grab sample there was 15oz/t (459g/t)!!!!

    Also very important finds were the reasons for stopping production early days (eg. world war II, low gold price), relinquishment of the license (eg. uncertainty of the effect of Mabo in 1990's and company shifted all attention to Namibia Africa and changed name of Company to Namibian Copper Limited) , and/or sale of the tenements (eg. Endeavour Minerals Pty Ltd). These tenements are oozing GOLD.

    EXPLORATION LICENCE 7732
    RANGITIRA PROJECT
    JINGELLIC NSW
    1
    st ANNUAL REPORT TO
    to 5
    th May 2012
    REPORT BY DAVID TIMMS

    SUMMARY
    The EL7732 Rangitira tenement lies along an inherent suture that locally is known as the Yarrara
    Shear Zone that Hosts the Yarrara Goldfield consisting of a series of predominantly gold based
    mineral occurrences over a strike length of about fifty kilometres.
    The Yarrara Goldfield occurs within Middle to Late Ordovician metasediments of the Wagga
    Group in the northern portion of the Yarrara Shear Zone whereas the southern portion of the
    Shear Zone predominantly occurs within intruded fractionated S-type granitic rocks largely of
    the Early Silurian Koetong Supersuite.
    The northern portion of the Yarrara Goldfield deposits within the metasediments generally
    appear to occur within narrow east-west striking quartz veins which are postulated to be the
    result of tensional dilations along joint planes caused by movement within the Yarrara Shear
    Zone. Chloritic alteration is commonly developed in the host rocks adjacent to the veins with
    minor arsenopyrite and pyrite associations. Historical reports indicate that there were no
    extraction problems associated with refractory sulphides
    .
    The southern portion of the Yarrara Goldfield deposits occurring within the granites are
    predominantly narrow quartz veins containing gold
    . Gold mineralisation in this area is also
    contained within narrow quartz veins (50mm to 600mm) but the vein orientations are variable,
    both with individual veins and between veins.
    The mineral occurrences were mostly identified and worked on by prospectors- cum miners in
    the late 1800s and early 1900s.
    The main gold deposits that were mined in the northern portion were the Billabong Gold mine, in
    the extreme north of the tenement and closest to the town of Holbrook, the Rangatira Mine, Just
    in Time mine and the Perseverance Mine plus the Four Mile Creek, Mountaineer and Unnamed
    as indicated in Table 1 below:
    Table 1Early Mining Northern Yarrara Goldfield
    Mine Max Workings Depth Production dates Average Grade (Au) Output
    (oz. Au)
    Billabong 47m 1910-12,1915, 1931-34 15g/t to 100g/t 230
    Rangatira 45m 1877, 1905, 1935 60g/t 781
    Just-In-Time 24m 1876, 1905, 1935 30g/t 22,515
    Perseverance 66m 1875-81, 1905-10, 1935-37 45g/t 2.540
    EL 7732 –RANGITIRA PROJECT MAY 2012
    4
    Four Mile Creek, Mountaineer & Unnamed Up to 50m 1870’s, 1902-6 and 1935
    16-37g/t Unknown (in excess of 200)
    TOTAL 26,036+ounces
    In the South the main deposits were the Isabella and Peep-O-Day Reefs. However records of
    their [production were limited by when the New South Wales Mines Department began recording
    the production figures from 1875. The combined production of the two reefs would appear to be
    in the order of seven thousand ounces of gold with no mention of silver for an average grade of
    around forty eight grams per tonne. Both ore zones are characterised by greisenitic wallrock
    alteration with abundant pyrite and arsenopyrite with minor copper, silver lead and zinc
    mineralisation.
    In those days it was not worth mining and crushing the lower grade mineralisation in the altered
    wallrock associated the gold reefs
    . However, these days with the gold price hovering around
    $1600 per ounce it is well worthwhile sampling the wallrocks surrounding those old gold reefs
    especially as they are still close to surface and easily mineable and the gold now more easily
    extractable.

    The Peep-O-Day Reef extends for a strike length of approximately 1200 metres and the Isabella
    reef approximately 1,000 metres.
    Other gold mines were the Minchins Gold Show, the Horse Creek gold veins , the Lankey’s
    Creek or Musgrave O.
    In addition to the gold reefs there are other mineral occurrences particularly in the southern part
    of the tenement:
    The Carboona Mineralisation was mined by BHP from 1918 to 1925 for fluorite with by- product
    lead and silver
    The Musgrave tin tungsten lodes and associated alluvials were mined between1901 and 1929
    (probably at high cut-off grades).
    The Horse Creek tin lodes were worked intermittently between1873 and1890.
    In conclusion there are a great number of immediate targets associated with the old workings
    that have demonstrated to be mineralised with gold and possibly other associated metals such
    as silver (lead, zinc and tin and tungsten) that deserve to be followed up with detailed modern
    exploration techniques including soil geochemistry (assaying now down to parts per trillion),
    magnetics ,gravity and Induced polarisation together a sophisticated array of downhole
    geophysical probes measuring many different physical properties.

    The main targets will be to find wider widths of lower grade gold in the wallrocks of the gold reefs
    together with high grade gold in extensions along strike and at depth
    .
    EL 7732 –RANGITIRA PROJECT MAY 2012
    5
    Figure 1. EL7732 Rangitira Project Location Map.
    EL 7732 –RANGITIRA PROJECT MAY 2012
    6
    Historical mining occurred in the late 1880s and early 1900's and relatively little exploration has
    occurred since.





    Now read the potential for bulk grade deposits potential just like Cadia and North Parkes, and remember we are on the Lachlan Fold Belt with similar geology to them.



    7. EXPLORATION POTENTIAL
    Twenty or more old mines and prospects occur over a curvilinear zone over 50km in length in
    the Rangatira area. Many of the areas have been investigated individually but the zone has not
    been investigated as a single entity. A complete review of the entire zone is warranted to
    evaluate the potential for this type of mineralisation, particularly in terms of the occurrence of
    one or more bulk low grade deposits.
    now remember how I refered to the de-watering of the mines and assays of 90g/t came back? have a look at this :

    The deeper mines were worked to recorded depths of around 40m at Rangatira and 65m at Perseverance. The mines
    were wet,
    with records showing that Rangatira required larger pumps than were initially
    available. Recovered grades were variable, with some crushings giving grades varying from 11
    pennyweights per ton
    (16.5g/t) up to 15oz/t (459g/t). In part this may have been extraction
    difficulties, as the gold was noted to be very fine in places, although visible gold is also noted in
    the records.




    POSSIBLE SILVER AND ZINC, BHP EXPLORATION ON PART OF TENEMENT

    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).


    HALLOYSITE/KAOLINE AND MORE TO COME
    AS PROMISED

    That's the ADN Ann 12/02/2019 https://hotcopper.com.au/threads/ann-poochera-halloysite-kaolin-mineral-resource.4633405/ That's the Jorc , so it is after all drilling/assaying etc.


    Summary
     A JORC 2012 Mineral Resource estimate has been completed calculating
    the halloysite content within the Careys’ Well kaolin deposit at
    Poochera in South Australia.
     9.7 million tonnes of halloysite kaolin, located in two zones, is contained
    within the “bright white” kaolinised granite deposit.
     The 9.7 million tonnes of halloysite kaolinised granite will yield 5.3
    million tonnes of minus 45 micron halloysite kaolin product containing
    18.4% halloysite, which is significantly above the typical 10% threshold
    required for the ceramics industry.
     92% of the halloysite kaolin Mineral Resource is categorised as
    Measured and Indicated providing significant ore for consideration in
    Scoping Study investigations.
     The halloysite kaolin Mineral Resource was defined from existing
    drilling results with the mineralised zone remaining open to the north
    east and south.
     Future drilling will be designed to target extensions to the currently
    defined mineralisation.
     The updated Mineral Resource will now be used in mine design
    configurations currently under consideration.
     A 140 tonne shipment of raw ore from Carey’s Well is now in China
    ahead of commercial scale testing post Chinese New Year. Final
    processed product results will be provided to potential end‐use ceramic
    customers for commercial evaluation and incorporated into the Scoping
    Study.


    now this is from LRS Ann 22/01/2020. https://hotcopper.com.au/threads/ann-positive-results-returned-for-noombenberry-project.5185000/
    Multi-site surface sampling (not a drilling campaign) done by UK based First Test Minerals, specialists in kaolin for 30 years. They are one of the companies used by ADN for testing. Plans for the company to pursue an
    aggressive drilling programme to test the deeper zones of the surface profile (0-30m) to test for
    commercial qualities of kalonitic/halloysite material.



    HIGHLIGHTS
    • Identification of Halloysite located in multi-site surface sampling
    • Testing conducted by UK based First Test Minerals, specialists in kaolin for 30 years
    • Good halloysite occurrence at multiple sample sites – forming as ‘plates’ and ‘tubes’
    Halloysite at up to 15% by weight at sample site #4 noted (45 – 180um)
    • Native title period currently in advertising period, grant expected in 1st quarter
    • Historical drilling located in project area, data to be reviewed and assessed for future
    drilling program

    Location Sample 4 shows potential as Yield at <45 microns has been calculated 76% Kaolinite, 15% Halloysite
    and 11.3% K-feldspar
    . The 45-180 micron fraction was 14.88 % with 38.9% Kaolinite, 15% Halloysite 15% and
    31.8% K-feldspar
    . Overall <180 micron Yield was 42.6%. Iron level was 2.76% reflecting the brightness of 72.3
    with bleaching to no increase on bleaching


    LRS's samples collected were 0-3m from surface. the plans are for drilling up to 30m.
    ADN is currently sitting on an MC of $153 mil sp 9.4c.
    They are well advanced so I'm not suggesting we are anywhere near their project in quality ,size, resource, timeline etc but if we can go down their path , then the potential is huge and this is only one of four projects. The drill permits application has already been submitted, so we are waiting for approvals any day now.



    Lithium
    Monster in the making. DD on Argentina due by the 30th September. If the JV goes through then Integra have the expertise and the funds for exploration, drilling and more importantly production. They are a billion dollar plus company that, among other things, specialise in funding mining companies. In other words, if we have lithium then be sure we see this all the way to production. WE ARE FREE CARRIEd to production

    COPPER
    joint venture with global copper major First Quantum Minerals a multi billion mining company, which sees First Quantum sole funding exploration costs on its copper porphyry project in Peru. Delays due to covid


 
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