Latin kicks off resource definition at Brazilian lithium play

Headshot of Matt Birney
Matt BirneySponsored
Drilling in action at Latin Resources’ Monte Alto prospect in Brazil.
Camera IconDrilling in action at Latin Resources’ Monte Alto prospect in Brazil. Credit: File

Latin Resources has dived headfirst into a resource definition program at its newly defined ‘Colina’ prospect, part of its Bananal lithium project in Brazil, with the first hole intersecting an over 27m spodumene-rich pegmatite. The company believes the area could host a significant new discovery, with recent work producing some exceptional numbers including a sample at 3.22 per cent lithium oxide.

According to Latin, the recently struck pegmatite boasts a high-grade spodumene component that stretches over 21m and the explorer says the result has firmed up its belief that it could have a major lithium resource on its hands.

Intriguingly, the 21m inclusion was comprised of partially weathered, coarse-grained pegmatite with fresh elongated spodumene crystals – ingredients that could collectively point to a healthy lithium resource.

The company says the intersection is noticeably broader than other high-grade intersections recorded in earlier campaigns that included multiple spodumene intersections going over 17m wide in holes sunk to the north of Colina.

The perforation marks the opening play of an over 22,000m resource definition program that includes 100 holes at the Colina prospect, where earlier drilling defined lithium rich pegmatites that ran up to 800m in strike.

Despite the program only being in its infancy, the company says it remains determined to power ahead with drilling as it aims to deliver a maiden mineral resource later this year.

The drill rig used to bore Colina has since been mobilised 50m east to test the pegmatite zone’s down dip extensions.

After calling for reinforcements another drill rig is expected on site in the next few weeks, bringing the tally at the venture up to three.

The cavalry keeps coming in July, with a fourth, larger rig is expected to touch down at the project and help Latin commence the drilling of deeper holes that stretch beyond 300m depths in addition to assisting the explorer to fast-track its resource definition.

Latin is also knee-deep in another drill program at the proximal ‘Monte Alto’ prospect. The first three holes at the target were intended to test an outcropping pegmatite that had been observed at superficial levels.

Results from the campaign, together with new structural data from drilling, has shown a possible steeper dip and a north-easterly plunge to the main pegmatite body.

As a result, the explorer will look re-position its drill rig further north and along strike to test the down plunge extensions of the Monte Alto prospect.

With a favourable roll of targets to chase down and the possibility of a significant new lithium discovery, Latin’s battery metal hunt in Brazil might have just stepped up a gear.

Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au

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