Latin Resources advances Brazilian lithium hunt | Ralph-Lauren

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Latin Resources is stepping up its battery metal hunt in Brazil with mapping and sampling over the Bananal Valley identifying lithium-bearing pegmatites over more than four square kilometres of fertile ground. The recent move into field work comes on the back of a detailed evaluation of the historical exploration across the company’s project area, which has highlighted a wealth of potential drill targets.

The company took 82 samples as part of its reconnaissance program across the Bananal Valley, which included 38 stream sediment and 44 rock chip samples. These samples have all been dispatched to the laboratory and are awaiting assay.

The Bananal Valley forms part of Latin’s larger Salinas Lithium project in south western Brazil, that sits within the coveted Minas Gerais province which also hosts TSX-V-listed Sigma Lithium’s developing lithium mining operations. Sigma’s ground sits around 60km to the south-west of Latin’s tenure and hosts a resource of 52 million tonnes of high-grade lithium which tip the scales at an average grade of 1.48 per cent lithium oxide and is now being moved into production.

The development of the Sigma lithium mine with construction well under way gives Latin enormous confidence to emulate this same achievement over the next few years. The significant time and investment that Latin has invested in our lithium projects, along with the Covid situation in Brazil becoming more manageable, now allows the Company’s lithium strategy to reboot to develop our valuable lithium projects in a fantastic mining province.

Interestingly, the company’s tenure consists of two key ground holdings in the region, namely the Bananal Valley and the Salinas South projects. These projects lie in close proximity to the regional town of Salinas, which sits within the Jequitinhonha Valley. The terrane surrounding Latin’s tenure is the only recognised lithium-bearing geology in Brazil making it a prime hunting ground for the budding explorer.

Latin’s work in the region dates back to 2019, with the company’s geologists identifying numerous pegmatite occurrences within the basement metamorphic rocks that outcrop across the region. Mapping shows the pegmatites to contain abundant spodumene mineralisation, which is a lithium-bearing aluminosilicate mineral, with the individual intrusive bodies measuring up to 12 metres in width and extending over more than 200m of strike.

The company says that it has now completed its initial phase of exploration across the Salinas tenure and is expecting to rapidly move into drilling across the lithium-rich terrane. Whilst the company awaits the results of the recent sampling program, Latin’s Brazilian field team are now undertaking detailed mapping and sampling of the emergent pegmatite swarms to assist in design of the upcoming drilling programs.

Latin is now ramping up exploration on a second front in Brazil and with the company’s burgeoning Cloud 9 halloysite discovery in Western Australia seemingly growing in size by the day, the aspiring miner looks set to add yet another commodity to its pipeline of targets in the months ahead.

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



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