Latin Resources (ASX:LRS) reports it has intersected ‘significant’ spodumene pegmatites following resource definition drilling at the company’s 100% owned ‘high-grade’ Colina Prospect.
The Salinas exploration team has reported a new lithium spodumene discovery with the recently completed hole of SADD033 approximately 500m west of the Colina Prospect.
The drilling has discovered an intersection of a new swarm of spodumene bearing pegmatites including one of 18.75m in thickness.
This discovery at Colina West has significant scale implications for the Salinas Lithium Project
This discovery at Colina West has significant scale implications for the Salinas Lithium Project, if drilling confirms the presence of additional parallel mineralised pegmatite systems in close vicinity to the main Colina prospect, the company reports.
Commenting on the results, Latin Resources Exploration Manager Tony Greenaway said: “The intersection of these significant spodumene pegmatites in drillhole SADD033, is an impressive new discovery for the Salinas exploration team.
This hole is testing an area approximately 500m to the west of Colina, well outside of our current resource definition drilling focus. We knew there were additional parallel pegmatite systems out to the west, getting these spodumene intersections confirms the very high prospectivity of the wider project area.
While we will continue to focus on the resource definition drilling for Colina to ensure that we deliver our maiden JORC Resource as planned, we are preparing additional drill site at Colina West for drill testing in due course.
This spodumene pegmatite discovery at Colina West may have the potential to deliver additional shallow resource tonnes for the project with further drill testing.”
In addition to this significant discovery at Colina West, the company’s regional mapping campaign has highlighted a third outcropping pegmatite system 1km further out to the west of the new Colina West discovery hole, as well as a potential convergence of several pegmatites, including the main Colina and new Colina West systems.
Latin will look to systematically drill test both of these additional ‘high-priority’ target areas in due course.
The company notes that resource definition drilling continues to steadily advance at the Colina prospect, with 37 holes now completed or underway for a total of over 7,300m drilled to date.
Latin is in full operation and on track to produce its maiden JORC Resource by the end of the calendar year, with four diamond rigs on site working on a double shift producing eight shifts of core per day.
Images: Latin Resources Limited
