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- The latest round of drilling at Latin Resources (LRS) Colina prospect in Brazil has extended the strike length of the known lithium pegmatites
- Assay results from diamond drilling have returned extensions to the north, while the presence of spodumene-bearing pegmatites was noted in the south
- Exploration Manager Tony Greenaway says LRS has now confirmed high-grade lithium intercepts over a strike length of approximately 900 metres
- Further drilling will test the strike extent and the results will be incorporated in a maiden mineral resource estimate for Colina
- Company shares are up 5.9 per cent trading at 8.9 cents at 10:23 am AEST
Latin Resources (LRS) has extended its zone of lithium at its Colina prospect in Brazil.
The latest assay results from the company’s diamond drilling program have reportedly extend the known zone of lithium by roughly 250 metres to the north.
Additionally, results for the two southernmost drill holes have confirmed the presence of spodumene bearing pegmatites.
Latin said it now has a mineralised strike length of over one kilometre at Colina.
Lithium grades ranged from between one and 2.2 per cent lithium oxide between 36 and 110 metres downhole.
Exploration Manager Tony Greenaway said the latest assay results are “very pleasing” and have increased the company’s confidence that it is on to something “very significant”.
“We are continuing to get excellent high-grade results in from our sampling, and now have confirmed high-grade lithium intercepts over a strike length of approximately 900 metres and combined with drilling further to the south showing good spodumene mineralisation in drill core, we now have a strike of over one kilometre to test with our resource definition drilling,” he said.
Drilling is planned to test the strike extent to approximately 400 metres down dip with 100 by 50 metre drill spacing.
Following this, the company will include the drilling data in its calculation of a maiden JORC mineral resource estimate for Colina.
In progressing the estimation work, Latin said discussions have begun with independent resource consultant groups with delivery anticipated for December this year.
Company shares were up 5.9 per cent trading at 8.9 cents at 10:23. am AEST.
