Latin Resources says the lithium specialist is cracking on with resource definition diamond drilling at the Colina Prospect and remains on track for the delivery of a maiden JORC Mineral Resource Estimate (MRE) in December 2022.

In an update to the market Wednesday, Latin says with over one-third of the planned 100 drill holes completed, (defining a total of area of approximately 8,450m), the company is concurrently continuing its other studies to better approach and prioritise its 100% owned high‐grade Colina Lithium Prospect.

Regional mapping teams have recommenced field work in the area to the southeast at the Salinas South tenement area, where previous work identified a ‘lithium corridor’ over a distance of 4km.

Latin Resources’ exploration manager, Tony Greenaway, says the latest assay results continue to show strong down dip continuity of both grade and thickness of the logged pegmatites.

Results include:  

  • SADD023: 26.88m@ 1.40% Li2O from 94m Inc: 18.00m @ 1.61% Li2O from 97m
  • SADD026: 28.80m@ 1.16% Li2O from 307m Inc: 14.80m @ 1.51% Li2O from 321m
  • SADD024: 10.00m@ 1.05% Li2O from 186m

Greenaway said the latest results continue to show excellent high‐grade lithium intersections and especially highlighted the continuity of the pegmatites along strike and down dip.

“We are well on schedule to deliver our maiden JORC Resource in December which is an exciting milestone for the company.

“Further to our extremely promising first pass results from our sighter metallurgical test work program, we will be collecting additional samples for further sighter test work in the coming weeks to further explore the optimal crush size and optimise the larger test work flowsheet for the planned detailed PEA program.”

Colina Prospect – Resource Definition Drilling

Latin commenced a series of metallurgical test work programs back in August 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.

Salinas South Prospect – Regional mapping and systematic sampling

In addition to the current resource definition drilling campaign, Latin is already back plotting out regional mapping focused on the Salinas South tenement area located approximately 17.0km to the southwest of Colina.

Greenway says the previous seasons’ exploration work identified a ‘lithium corridor’ extending across 4km.

Soil sampling completed toward the end of the previous campaign highlighted an area of anomalous lithium in the northeast of the tenement.

“I am also pleased to have our regional teams out mapping at Salinas South where we know we have more outcropping pegmatites.”

New mapping will focus in this area to refine the initial drill targets as well as extending geochemical sampling along the full extent of the mapped prospective corridor.

Greenaway says Latin’s plan is to work‐up these areas to drill‐ready status, and then in the near-term commence drilling to begin testing.

 

 

 

This article was developed in collaboration with Latin Resources, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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