Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is pleased to confirm two diamond drill rigs have arrived on site and will commence drilling over the next few days on the Company’s Salinas Lithium Project in Brazil (“Salinas” or the “Project”), where the Company has defined multiple priority drill targets.


HIGHLIGHTS

  • Two drill rigs arrive on the Salinas Lithium site, Brazil.
  • The company plans to drill 14 Diamond holes for a total of 2,000m of drilling.
  • Priority drill targets identified where sampling returned high-grade results including 2.71% Li2O and 1.45% Li2O from spodumene bearing pegmatites, mapped over a strike length of over 1.2kilometres.
  • The Bananal Valley is located within the Minas Gerais State – a rich mining region of Brazil, and home to the Grota do Cirilio Project under development by CAD1.3 billion market cap TSX-V listed Sigma Lithium Corporation.

Salinas is located in the highly prospective Bananal Valley district of Minas Gerais Province of Eastern Brazil (Figure 1). Minas Gerais hosts the Eastern Brazilian lithium pegmatite province, home to CAD1.3 billion market cap TSX-V listed company - Sigma Lithium Corporation (Figure 5).

The Company has planned a total of 14 diamond drill holes initially to test the outcropping high-grade Li bearing pegmatites identified in previous mapping and geochemical sampling programs (Figure 2).

Click here for the full ASX Release

This article includes content from Latin Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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