Latin Resources set to kickstart exploration drilling program at Catamarca lithium project in Argentina

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Sampling and mapping the wall rocks in old workings at the "Campo el Abra" deposit Image credit: Latin Resources ASX statement

Australian-based minerals exploration company Latin Resources announced that the Environmental Impact Study (EIA) and drill permit for the Catamarca lithium project in Argentina has been approved with the Catamarca Environmental and Mines department.

Sampling and mapping the wall rocks in old workings at the “Campo el Abra” deposit
Image credit: Latin Resources ASX statement

Latin said the approval followed a community meeting with the local residents who approved the commencement of exploration work on the project.

According to the company, the drilling program will be carried out by Major Drilling Company, with mobilisation on site to begin immediately.

“The initial exploration drilling program will incorporate a 14 hole Reverse Circulation (RC) program with approximately 3,000 metres to be drilled on 4 prospects,” Latin told the ASX.

Adertisement

“The program will take around 15 to 20 days with assay results commencing to be released in February.”

Latin also reported that their recent field samples taken have continued to produce positive results at their Catamarca exploration tenements.

“The results returned have confirmed that economic grades of lithium are contained within the targets with 19 of the 29 samples being 1% Li2O or higher, best grades showing from 2.02 Li2O to 4.46 Li2O, with an average grade of all samples being 1.42% Li2O,” reads the ASX statement.

Managing Director Chris Gale said the imminent commencement of drilling at the Catamarca lithium project marked the start of “one of the most exciting phases” since the company began exploring in Argentina for lithium pegmatites.

“The delays in permitting have been overcome and we look forward to releasing some positive assay results in February,” Mr Gale said.

“The 2017 year is shaping up to be extremely positive one with drilling at Catamarca and further exploration work commencing at the San Luis and Ansotana projects in Argentina. We also have a great copper project in Peru that is being actively explored with the final geophysical ground work being completed by our joint venture partner First Quantum Minerals.”