Latin Resources to release important assay results by end of February
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Latin Resources (ASX: LRS) announced on Thursday morning that reverse circulation drilling at its Ipizca 11 and Reflejos del Mar deposits had been drilled to a range of final depths between 24 metres and 126 metres with 11 of 13 holes containing significant spodumene pegmatite intercepts with apparent thicknesses ranging between 1 metre and 9 metres.
The intercepts range in depths of between 9 metres and 47 metres, and visible spodumene was evident in all cases.
LRS’s Managing Director, Chris Gale, noted the significance of these developments in saying, “The extension of strike and thickness of intercepts of the pegmatites is extremely encouraging for our Catamarca project, and the visible spodumene in all intercepts is even more encouraging as this is now proving our theory that we do have lithium spodumene at depth at these historical lithium mines”.
Both deposits are part of the Catamarca project where analysis of 29 samples of exposures of pegmatites in old mine workings that have subsequently been collected by LRS geologists reported grades of up to 4.46% lithium oxide.
It should be noted however that LRS is in the early stage of exploration and investors considering this stock for their portfolio should seek professional financial advice.
These developments are also important in terms of the upcoming drilling program. Gale highlighted the fact that the success the company has had with the first two target projects provides confidence moving forward with the rest of the group’s concession holdings.
He noted that there were two more targets yet to drill in the first pass campaign, being Campo el Abra and Santa de Gertrudis.
The following map provides an insight into the extent of LRS’s Catamarca concession holdings and those areas that are the subject of the group’s 2017 drilling campaign.
Of significance is the fact that these four targets represent only 8% of the total landholding of 70,000 hectares at Catamarca, indicating there is substantial scale yet to be tested.
Given there have been early shows of spodumene mineralisation the upcoming results of 58 samples that are now being laboratory tested could be significant, and management expects to be in a position to inform the market of assay results in the coming week.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
