Latin Resources could be due for a resources top-up at its Salinas project after intersecting a new swarm of spodumene bearing pegmatites at the Colina West prospect.

The discovery about 500m west of the Colina prospect includes a 18.75m pegmatite intercept and confirms the presence of additional nearby parallel pegmatite systems.

While this find indicates potential for more lithium at the Salinas project, Latin Resources’ (ASX:LRS) regional mapping campaign has already highlighted a third outcropping pegmatite system 1km further west of the new Colina West discovery hole.

This mapping has also indicated a potential convergence of several pegmatites, including the main Colina and new Colina West system.

Resource drilling continues to deliver strong assay results such as 20.4m grading 0.97% Li2O from 120.6m and 20.09m at 1.35% Li2O.

“The intersection of these significant spodumene pegmatites in drill hole SADD033, is an impressive new discovery for the Salinas exploration team,” exploration manager Tony Greenaway said.

“We knew there were additional parallel pegmatite systems out to the west, getting these spodumene intersections confirms the very high prospectivity of the wider project area.

“While we will continue to focus on the resource definition drilling for Colina to ensure that we deliver our maiden JORC Resource as planned, we are preparing additional drill site at Colina West for drill testing in due course.

“This spodumene pegmatite discovery at Colina West may have the potential to deliver additional shallow resource tonnes for the project with further drill testing.”

Colina West

Drill hole SADD033 intersected a series of 17 separate pegmatites from a depth of 62.84m down hole with several showing good spodumene mineralisation including one individual pegmatite of over 18.75m thickness showing strong spodumene mineralisation.

Processing of the core is underway including detailed geological and structural logging and sampling, with assay results pending.

This confirms the presence of additional parallel mineralised pegmatite systems in close vicinity to the main Colina Prospect, where resource definition drilling is currently underway.




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.