Latin Resources (ASX:LRS) reports it has received ‘outstanding’ lithium assay results from final resource drilling at the Colina Prospect, located within the Salinas Lithium Project in Brazil.
The assays returned ‘high-grade’ intersections, confirming the continuity of mineralisation at depth and along strike.
Results recorded include 10.91m @ 1.52% Li2O from 92.31m including 5m @ 2.01% Li2O from 129.76m in SADD038, 8.19m @ 1.61% Li2O from 129.76m including 4m @ 2.21% Li2O 133m in SADD039, and 25m @ 1.47% Li2O from 245m including 10m @ 1.78% Li2O from 255m in SADD039.
In SADD040, the company intersected 7.41m @ 1.61% Li2O from 148.21m including 2.62m @ 2.37% Li2O from 153m, 8.70m @ 2.16% Li2O from 302.30m including 5.70m @ 2.66% Li2O from 302.30m in SADD042, 10.23m @ 1.59% Li2O from 68.43m in SADD047, and 5.80m @ 1.82% Li2O from 69.20m in SADD047.
“The company’s maiden JORC Mineral Resource Estimate is on track to be delivered in December after incorporating these final results”
Latin Resource Exploration Manager Tony Greenaway said the exploration drilling completed, the company can focus on the maiden JORC Mineral Resource Estimate.
“The company’s maiden JORC Mineral Resource Estimate is on track to be delivered in December after incorporating these final results which continue to showcase the consistent nature of the pegmatite mineralisation at Colina.
With the MRE drilling completed at Colina, the rigs can shift their focus to the recently discovered Colina West pegmatites with the aim of incorporating this second area into the PEA (Preliminary Economic Assessment) and other studies that the company has underway.”
Latin reports the maiden MRE for Colina is on schedule to be released in December, and the final results from the resource definition drilling will be incorporated into the resource model.
The company also notes the final MRE drilling results are consistent with previously announced grades and thicknesses of the spodumene bearing pegmatites at Colina provide confidence in the ‘robust’ nature of the upcoming maiden MRE.
Latin previously conducted a series of metallurgical test work programs with the initial first pass sighter test work showing a high recovery of 78.72% of the Li2O into a concentrate grading a ‘very high’ 6.57% Li2O.
Further sighter test work is underway with additional samples being sent to the laboratory, and the company says these additional sighter tests will further explore the optimal crush size and additional heavy liquid separation (HLS) cut points, and fine fraction floatation in order to optimise the larger test work flowsheet for the planned detailed PEA.
Latin Resources is an Australian-based mineral exploration company with projects in South America and Australia, aiming to develop mineral projects in commodities that progress global efforts towards Net Zero.
The company is focused on its flagship Salinas Lithium Project, located in the mining district of Minas Gerais in Brazil.
It also holds the Catamarca Lithium Project in Argentina, and the Cloud Nine Halloysite-Kaolin Deposit in Australia.
Images: Latin Resources Ltd