Latin Resources Ltd (ASX:LRS) recently signed an agreement that gives the company a direct path to 100% ownership of the prized Geminis Mine and surrounding Don Gregorio concessions, located in Argentina.
Latin Resources' technical team rated the spodumene mineralisation at the mine as the best they had explored in the country.
The main pegmatite is up to 18 metres thick, and more than 200 metres long, while gently dipping at 20-30 degrees.
The area contains multiple similar unexplored pegmatites.
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Latin Resources has now revealed positive field activities which included mapping and sampling.
Analysis of twenty nine samples collected from exposures of pegmatites in historical underground mine workings and adjacent outcrops in multiple pegmatites within the Geminis and Don Gregorio concession have reported grades of up to 3.83% lithium.
Chris Gale, managing director, commented:
"The acquisition of the Geminis mine and subsequent positive field work that displays pegmatites with strike length of 7.5 kilometres, thickness of 4 to 20 metres coupled with high grades of lithium gives Latin a fantastic opportunity to develop a JORC resource quickly then into a potential open pit mine.
"With the delay in permitting due to local elections over, this will now allow Latin to finish of its EIA and Drill permit to start drilling very soon."
Initial work details
The initial work has concentrated efforts in and around the Geminis Mine workings and then expanded out into the Don Gregorio exploration concession.
In the mine area six pegmatite bodies have been mapped sometime as discreet structures over a strike length of 1.6 kilometres following the major trend of the orebody that has been exploited through historical mining.
The individual pegmatites vary from 4 metres up to 20 metres in thickness and dip relatively gently to the south east at between 15 to 30 degrees which is an ideal orientation for any future possible open pit mining.
History of Geminis
Mining at Geminis began in the 1930’s and continued until 1959.
Since then very sporadic mining has taken place but there has been no recent activity.
Apart from a small open pit to the south of the operations all of the mining was undertaken using underground methods.
The underground workings that have been observed consist of three adits which access a series of tunnels that vary in size and length.