Latin Resources Limited has announced that drilling activities at its wholly-owned Salinas Lithium Project in Brazil confirmed new lithium pegmatites extending over 2 km.
According to the company, a total of 133 drill holes have been completed to date for approximately 38,000 m of drill core, which represents a significant increase from the 47 holes used for the company’s maiden Mineral Resource Estimate (MRE) completed in December 2022.
It noted that extension drilling to the west of the existing Colina MRE has encountered a significant lithium swarm, extending the footprint of the Colina Deposit to over 2 km long by 1 km wide.
Latin Resources is confident that the lithium swarms may continue along strike to the southwest, providing the potential to further extend the Colina Deposit mineral resource with more drilling.
Drilling at Colina will continue to operate at full capacity, with all eight diamond drilling rigs remaining on site until the end of the year.
The focus of the drilling activities will now be split between ongoing systematic step-out drilling to the southwest of Colina, where the high-grade lithium mineralisation remains open.
The company noted that once all assay results have been returned from the laboratory, a completed database will be supplied to SGS Geological Services in Canada, who will undertake the independent update of the Colina MRE, which is expected to be completed in late June.
Commenting on the updates, Latin Resources Americas Operations Vice President Tony Greenaway said the continued expansion of the lithium pegmatite will support the site’s development into a tier one lithium deposit through systematic step-out to the southwest from the known Colina mineralisation.
“Now that this drilling milestone has been achieved, we will switch our focus on site, moving some of our drilling fleet to start drilling some large diameter drill core to collect the necessary metallurgical samples for our Definitive Feasibility Studies,” Greenaway added.
