Latin Resources Ltd (ASX:LRS) has demonstrated the prospectivity of its Colina prospect within the Salinas Lithium Project in Brazil with consistent, high-grade results from resource definition drilling, unearthing lithium intersections up to a peak of 4.22% lithium oxide.
LRS has completed a quarter of 100 planned diamond drill holes at Colina for 5,890 metres and continues to ramp-up drilling efforts with a fourth drill rig on-site, intended to accelerate a maiden resource estimate.
The latest results from Colina show a strong down-dip continuity of both grade and width of the logged pegmatites, with results including:
SADD017:
- 8.87 metres at 1.09% Li2O from 137 metres, including 1-metre at 2.02% from 137.00 metres; and
- 13.86 metres at 1.33% from 173.29 metres, including 7 metres at 1.93% from 178.00 metres.
SADD018:
- 9.16 metres at 1.68% Li2O from 133.84 metres, including 6.00 metres at 2.16% from 135 metres and 1-metre at 3.52% from 137 metres; and
- 16.00 metres at 1.29% from 189.00 metres, including 1-metre at 3.06% from 190 metres and 1-metre at 4.22% from 196 metres.
SADD019:
- 11.96 metres at 1.64% Li2O from 206.24 metres, including 8.2 metres at 1.82% from 210 metres.
SADD020:
- 2.35 metres at 3.57% Li2O from 120.33 metres; and
- 7.58 metres at 1.45% from 143.77 metres, including 1.6 metres at 2.45% from 144.4 metres.
“Excellent high-grade lithium intersections”
“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,” Latin Resources exploration manager Tony Greenaway said.
“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 calendar year 2022.
“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’s regional mapping teams have begun fieldwork in the area immediately to the west of Colina, targeting a parallel pegmatite system.
Further to the southeast, at the Salinas South tenement, mapping teams are also at work, investigating a lithium corridor identified in previous work that may stretch over 4 kilometres.