Latin Resources Limited (ASX: LRS) has confirmed the discovery of a new lithium mineralised zone, some 500m west of the Colina prospect in Brazil.
The company is also undertaking a programme of resource definition drilling and other studies currently ongoing at the 100% owned high-grade Colina Lithium Prospect.
“The significance of these latest results from hole SADD033 cannot be understated. They confirm that we have a second zone of high-grade lithium bearing pegmatite only 500m to the west of the main Colina resource drilling,” Exploration Manager, Tony Greenaway, said.
“This new zone is open in all directions including along strike to the north and south, up-dip to the mapped outcrop which drew us to this area and extending at depth to the east beneath Colina.
“Colina West has the potential to add considerable resources to the Company’s maiden JORC Mineral Resource Estimate, which is on track to be delivered in December this year and proves the exceptional prospectivity of the wider project area to the west where the Company has mapped even more outcropping pegmatites that are yet to be drilled.
“Now that the drilling needed for the maiden inferred mineral resource estimate for Colina is completed, we can let loose with drilling at Colina West, with the aim of potentially incorporating this second area into the PEA and other studies that the Company has underway.”
Colina West Prospect – Discovery Hole
Assay results from diamond drill hole SADD033 have now been returned, confirming the intersection of a new swarm of spodumene bearing pegmatites. SADD033 is collared approximately 500m to the west of the main Colina Pegmatites and has intersected a previously untested zone of mineralisation. Logging highlighted 15 separate pegmatites, many of which have returned significant lithium grades including: 1.78m @ 1.33% Li2O (120.53 – 122.31m) 1.67m @ 1.36% Li2O (275.38 – 277.05m) 18.71m @ 1.32% Li2O (321.15 – 339.86m) 4.00m @ 1.94% Li2O (322.00 – 326.00m) 4.00m @ 1.58% Li2O (334.00 – 338.00m).
With drilling required for the current maiden inferred JORC Mineral Resource Estimate (MRE) now complete, the company will begin to focus some drilling resources on new priority areas like Colina West, and the southern extensions of the main Colina Prospect.
For further information please visit: https://www.latinresources.com.au/