Latin Resources Limited presented an update on the latest assay findings from resource definition drilling at the Salinas Lithium Project in Brazil, which is presently underway.
The Company’s fully financed drilling campaign is now up and running, with eight diamond drilling rigs on site, seven of which are man-portable and one of which is track-mounted. Drill production is on track, and Latin said it is well-positioned to complete all planned in-fill and extension drilling by the June 2023 cut-off date for the data required for the Mineral Resource Estimate (MRE) update.
Latin has been collaborating extensively with SGS Geological Services (SGS) on the MRE upgrade. The Company has created resource wireframes that expand the depth of the current 13.3 Mt Colina block model, as well as those that encompass the substantial new pegmatites discovered to the west and southwest. These modified wireframes will be delivered to SGS and will serve as the foundation for the new MRE.
Drilling has already completed 126 holes for a total of 36,130m spanning an area of 1,700m x 900m to a depth of 375m. Colina’s enormous pegmatite system continues to expand in all directions.
The most recent drill core sample assay findings emphasise the constancy of the high-grade pegmatite swarm at Colina, as well as an apparent flattening of the pegmatites’ dip to the southwest. Cumulative pegmatite thickness in drillholes to the southwest continues to demonstrate a large rise in pegmatite abundance in this location.
“We are very impressed with the consistent thick high-grade intercepts at Colina. These new results bode very well for our resource upgrade in June. We now have our full contingent of eight drilling rigs operating on site at Colina, including are larger track mounted machine. With our resource definition drilling program well on track for the planned mid-May cut-off for the Colina resource update, we are now looking at our next phase of work. This will include drilling a series of large PQ diameter holes for our detailed metallurgical test work
program, testing some of our regional tenements including Salinas South, testing several new high-priority target areas directly adjacent along strike to the southwest of Colina, as well as resource infill drilling at Colina itself. This work will be on-going throughout 2023, with the rigs spinning at full speed through until mid-December, in parallel with our detailed feasibility study work for Colina,” Latin Resources VP of Operations — Americas Tony Greenaway said.
Latin is focused on its flagship Salinas Lithium Project in the pro-mining area of Minas Gerais, Brazil, with a Maiden MRE of 13.3Mt @ 1.2% Li2O and an exploration target of 22Mt at its Colina Deposit. Latin hired SGS Geological Services for the Salinas Lithium Project feasibility and metallurgical studies. Latin owns the Catamarca Lithium Project in Argentina and intends to become a major lithium player to meet the world’s need for battery metals.
