Join our daily newsletter At The Bell to receive exclusive market insights
- Latin Resources (LRS) confirms the continuity and thickening of pegmatites at its Salinas Lithium Project in Brazil
- The ongoing drilling campaign returned intercepts of up to 16.7 metres thickness, with all pegmatites remaining open along strike and down dip
- Detailed logging, core cutting and sampling of the first three holes is continuing to progress, with the first samples ready for dispatch to the laboratory for analysis
- The company says it anticipates the current 14-hole drilling campaign will be expanded following the completion of the current program, with the potential to add additional holes based on logging
- Latin Resources last traded at 3.6 cents on March 2
Latin Resources (LRS) has confirmed the continuity and thickening of pegmatites along strike and down dip at its Salinas Lithium Project in Brazil.
The ongoing drilling campaign returned intercepts of up to 16.7 metres thickness, with all pegmatites remaining open.
Drilling of a further two holes has now been completed, with both intersecting the same three layers of pegmatites.
Latin Resources said preliminary logging of the drill core from all holes indicated that the pegmatites contain an abundance of coarse light green and purplish spodumene crystals throughout, with indications that the thickness of the intersected pegmatites is increasing down dip and along strike to the south.
Detailed logging, core cutting and sampling of the first three holes are continuing to progress, with the first samples ready for dispatch to the laboratory for analysis.
Latin Resources Managing Director Chris Gale said the company is extremely pleased with the progress of the drilling campaign, as well as its initial observations of the drill core.
“We are continuing to intersect the three separate pegmatites in the drilling, but importantly, we have indications that these pegmatites are increasing in thickness along strike to the south, as well as down dip,” said Chris Gale.
“This is a significant observation from the new drilling, and while we are very encouraged by these early signs from this greenfields discovery and our Salinas Lithium Project, we will continue to develop our geological model as our fully funded drilling campaign progresses and we continue to step out and test further afield along strike and down dip.”
The company said it anticipates the current 14-hole drilling campaign will be expanded following the completion of the current program, with the potential to add additional holes based on logging.
Latin Resources last traded at 3.6 cents on March 2.
