Latin Li project Brazil

Latin identifies ‘excellent high‐grade’ lithium intersections at Colina prospect, Brazil

Latin Resources (ASX:LRS) reports drilling results are continuing to show ‘excellent high‐grade’ lithium intersections and continuity of the pegmatites along strike and down dip at its 100% owned Colina lithium prospect.

The Australian‐based mineral exploration company reports the latest assay results continue to show strong down dip continuity of both grade and thickness of the logged pegmatites, with a peak grade of 4.22% lithium.

About one quarter of the planned 100 drillholes of resource definition diamond drilling have been completed at the prospect, which is part of its Bananal Project in Brazil.

The program continues to ramp up to accelerate the maiden resource estimate, with a fourth diamond drill rig now on site and drilling.

Regional mapping teams have recommenced field work in the area immediately to the west of Colina targeting a parallel pegmatite system, and further to the south‐east at the Salinas South tenement area, where previous work identified a ‘lithium corridor’ over a distance of 4km.

Commenting on the drilling campaign, Latin Resources Exploration Manager Tony Greenaway said:  “We are very pleased with the progress being made on site in Brazil, with activity on multiple fronts including the systematic resource definition diamond drilling, and our latest results continuing to show excellent high‐grade lithium intersections and continuity of the pegmatites along strike and down dip.

“We now have our fourth drill rig operational on site, so we are up and running at full speed”

We now have our fourth drill rig operational on site, so we are up and running at full speed. We have a first‐class drilling crew on site, who are maintaining high drilling production rates, and more importantly, excellent core quality coming out of the ground.  With around one quarter of the holes now completed, we are well on track to deliver our maiden JORC Resource Estimate by the end of CY22.

I am also pleased to have our regional teams out mapping to the west of Colina and at Salinas South where we know we have more outcropping pegmatites. Our plan is to work‐up these areas to drill‐ ready status, and then in the near term commence drilling to begin testing these new areas.”

Latin has completed 29 holes for a total of about 5,890m of the estimated 25,000m resource definition drilling program.

With the arrival of the fourth diamond drill rig on site, the resource definition drilling campaign is at full speed and on track to complete a maiden JORC Mineral Resource Estimate (MRE), for the Colina prospect by the year-end.

In addition to the current resource definition drilling campaign, Latin has recommenced regional mapping activities focused on the area immediately to the west of Colina resource definition drilling.

Preliminary work completed in this area during the previous mapping season identified highly weathered west dipping pegmatites. The new field mapping program will focus on better defining the known pegmatite occurrences and extend mapping coverage further out to the west looking for additional parallel systems.

Latin Resources has projects in Australia and South America, that is developing mineral projects in commodities that progress global efforts towards net zero emissions.

In Latin America the company focus is on its two lithium projects, one in the state of Minas Gerais, Brazil and the other, the Catamarca Lithium Project in Argentina in which lithium is ‘highly sought after’ as a critical mineral for electric vehicles and battery storage.

The Australian projects include the Cloud Nine Halloysite‐Kaolin deposit.

Images: Latin Resources Limited
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Written By Adam Orlando Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.