Perth, Australia - 25 July 2024| Latin Resources Limited (ASX:LRS) is pleased to announce the latest drilling results from its Planalto Prospect, confirming the presence of a wide, high-grade mineralisation core. These results further establish the potential for increased tonnage at the Salinas Project, bringing it closer to world-class standards.
HIGHLIGHTS:
-
Recent drilling at Planalto has identified a thick high-grade core of mineralisation extending down dip and up-plunge to the south-west.
-
Significant intercepts include:
-
SADD320: 16.05m @ 2.18% Li2O from 293.29m,
-
including 9.22m @ 2.54% Li2O from 293.29m
-
and 3.59m @ 2.52% Li2O from 305.14m.
-
-
SADD322: 13.83m @ 1.09% Li2O from 293.17m.
-
SADD323: 6.22m @ 1.83% Li2O from 230.38m.
-
SADD311: 5.41m @ 1.96% Li2O from 280.00m.
-
SADD308: 12.59m @ 1.65% Li2O from 260.41m,
-
including 5.79m @ 2.29% Li2O from 260.41m.
-
-
SADD306: 4.25m @ 2.57% Li2O from 298.01m.
-
SADD305: 6.63m @ 1.86% Li2O from 401.37m.
-
-
This high-grade zone remains open along strike in both directions, down dip as wells as up plunge where the mineralised zone is interpreted to extend closer to surface. Additional diamond drilling will be focused on testing the up-plunge extension of this emerging priority target area.
-
A preliminary Mineral Resource Estimate (MRE) for Planalto is scheduled for the September quarter once all assay results are received from the laboratory.
-
The additional Planalto MRE combined with the Colina MRE will confirm that the Salinas lithium project continues to grow to world class Tier one standards.
Latin Resources’ Vice President of Operations - Americas, Tony Greenaway, commented:
“The Planalto Prospect shows very similar mineralisation characteristics to our world class tier one Colina Deposit. While the stacked pegmatite lenses at Planalto show a shallower dip to those at Colina, the coarse grained Spodumene only mineralisation is consistent with what we see at Colina. The latest drilling has highlighted an up-dip trend to the high-grade core of mineralisation which will now become the focus of additional drilling.
We [are] scheduling an initial MRE for Planalto in this current September quarter of 2024, which will be based on all of the available drilling and will commence as soon as we have received all of the outstanding assay results from the laboratory.”
Chris Gale
Managing Director
Latin Resources Limited
+61 8 6117 4798
[email protected]
www.latinresources.com.au
About us:
About Latin Resources Limited:
Latin Resources Limited is an Australia-based mineral exploration company. The Company is focused on developing mineral projects in commodities with projects in South America and Australia. Its projects include Salinas Lithium project, Catamarca Lithium project, Cloud Nine Halloysite-Kaolin Deposit, CRC CARE Emissions Reduction Research project and MT-03 Copper project. The Salinas project is located approximately 10 km outside the town of Salinas. The project is located in the north-east of Minas Gerais, approximately 600 km north-east of Belo Horizonte. The Catamarca Lithium project has accumulated hard rock spodumene landholding in Argentina, totaling over 70,000 hectares. Cloud Nine Halloysite-Kaolin deposit is located approximately 300 kilometers (km) east of Perth in Western Australia and has demonstrated large scale resources of both halloysite and kaolin. The Company, through its subsidiary, Peruvian Latin Resources SAC (PLR), owns the MT03 project in southern Peru.
Contact details:
Jane Morgan
Jane Morgan Management
Investor & Media Relations
[email protected]
