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Latin Resources Ltd.
Summary
| Project: | Ancasti | |
|---|---|---|
| Deposit: | Reflejos del Mar | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 3/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-3-2017: Latin Resources Ltd. announces an Exploration/Drilling Update report for its Reflejos del Mar deposit at the Ancasti project. Drilling results incl. 7m @ 2.17% Li2O from 39.0m. Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is ple | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kerry Griffin (Internal) | |
| ABSTRACT: | Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is pleased to announce that it has received the first analysis resultsfrom the reverse circulation drilling at its lithium project in Catamarca, Argentina. A total of 58 samples have been received from the internationally recognised laboratory ALS. Samples are prepared in Mendoza and then analysed in Vancouver using Multi-Element Analysis by Sodium. Peroxide Fusion and ICP-MS and Li Analysis by Sodium Peroxide Fusion and ICP-ES for sample over 2.5% lithium. At Reflejos del Mar in the Vilisman Group of concessions there has been fourteen holes completed for approximately 900m of drilling. Included in this release are results for the first 6 holes. The remaining samples of the eight holes will be analysed and released in the coming weeks. Thus far very encouraging results including seven meters at 2.17 Li2O. The initial six holes drilled had lithium grades over 1% in three of the six including 3 meters at 2.77% Li2O. At Ipizca II from the five holes that intercepted the pegmatite dyke that is exposed at surface and within and old open pit and tunnel system, only one interval returned significant grades of Li2O. Managing Director Chris Gale commented, “These first assays are extremely encouraging displaying high grade spodumene at depth. This result is once again proving our theory that the historical lithium mines that we have secured are potentially very economic .” He went on to say, “ We still have quite a bit of drilling still to complete and a lot more assays results to come from our favoured targets but great to get such positive results early . | |
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