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Latin Resources Ltd.
Summary
| Project: | Ancasti | |
|---|---|---|
| Deposit: | Ancasti | |
| Location: | Argentina | |
| Commodities: | Lithium-Tantalum | |
| Date: | 4/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-4-2017: Latin Resources Ltd. announces an Exploration/Drilling Update report for its Ancasti deposit at the Ancasti project. Drilling results incl. 12m @ 1.38% Li2O from 29m. Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is very pleased | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kerry Griffin (Internal) | |
| ABSTRACT: | Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is very pleased to announce that it has received the final analysis results from the initial reverse circulation drilling program at its lithium project in the Ancasti Region of Catamarca, Argentina. The first phase of drilling was completed on the 26th of March. All the remaining samples were then immediately submitted to ALS Mendoza for sample preparation and then transported to Vancouver for analysis using multi‐element analysis by sodium peroxide fusion. A total of forty reverse circulation drill holes completed, for a total of 2,680 meters producing a total of 223 samples of which now 151 have been received. The aim of the drilling program was to provide initial geological information on four of the eleven historically mined pegmatites that make up the Ancasti Lithium project. In addition five holes were drilled into La Culpable prospect, making the total number of prospects now initially assessed five. The results will be used to help prioritise the long‐term plans for LRS and assist in deciding which projects to develop further. Please refer to Table 1 for details of the number of holes and quantity of meters drilled at each of the five projects. The company strategy of exploratory drilling at the Catamarca projects has been highly successful with the knowledge of high grade lithium at depth at two of initial four projects controlled by Latin Resources. | |
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