LRS recommences drilling at Noombenberry Kaolin-Halloysite Project

|

Published 21-JUN-2021 10:37 A.M.

|

2 minute read

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

Ahead of schedule, Latin Resources Limited (ASX:LRS) has commenced the next phase of aircore drilling at its 100% owned Noombenberry Kaolin-Halloysite Project.

The aircore drilling is adjacent to the Cloud Nine Kaolin-Halloysite Deposit, where the Company has recently reported a maiden Mineral Resource estimate.

The planned drilling has been designed to test for kaolinized granitic material for a further 4.5km to the north of the Cloud Nine deposit, within the Companies 100% owned granted tenement.

Potential exists for the kaolin-halloysite material to extend both north and south of Cloud Nine for up to 100km covered by the Company’s extensive regional tenement package.

The Cloud Nine Inferred Mineral Resource of 207 million tonnes of kaolinised granite comprises two separate domains:

  • 123 million tonnes of bright white kaolin-bearing material; and
  • 84 million tonnes of kaolin/halloysite-bearing material.

Drilling will initially comprise an estimated 3,700m of aircore drilling on a 400 x 400 metre grid which will dovetail into previously completed drilling, covering an area roughly equivalent in size to the globally significant Cloud Nine deposit.

Upon completion of the initial 400 metre spaced drilling, further drilling is planned within the Cloud Nine Deposit with the aim of increasing confidence in the existing inferred resource in select areas to enable a JORC Indicated or Measured classification.

It is expected that this drilling campaign will be completed in early July 2021, followed immediately by the 2nd phase infill drilling, with all composite samples to be dispatched to various specialised laboratories in South Australia for detailed analysis.

Latin Resources Exploration Manager, Tony Greenaway commented: “With the drilling rig back out on site, we are looking forward to the potential of significantly expanding our Cloud Nine Halloysite-Kaolin Deposit.

We are testing a new area that is equal in size to the footprint of the existing Cloud Nine resource, so there is significant potential for resource growth.”



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.

 

Discover Small Cap
Biotech Stocks

Join thousands of other Investors following our stock commentary for Free

X