Latin eyes Argentinian drill targets in lithium hunt

Latin Resources is vectoring in on drill targets at its Catamarca lithium project in Argentina after commencing a boots-on-the-ground exploration program. The campaign includes a review of pegmatites at the Northwest Alto area where previous drilling returned several high-grade hits including 3m at 2.98 per cent lithium oxide from 90m, 4m at 2.3 per cent from 30m and 6.0m at 1.62 per cent from 18m.

Outside of banner results the list also includes 12m at 1.38 per cent lithium oxide from 29m and 7m going 2.17 per cent lithium oxide from a depth of just 39m.

The company says activities at Catamarca will include a program of systematic geological mapping and rock chip sampling along strike from the site’s existing network of spodumene-bearing pegmatites.

Latin argues its Argentinian battery metal hunt could lead to the discovery of extensions to the known lithium-bearing pegmatites outcrop at Northwest Alto.

The Perth-based explorer also intends to review Northwest Alto’s east and western provinces for parallel pegmatite systems.

The program follows a cache of 2017 work that unveiled near-surface lithium mineralization across several prospect areas littered around the site.

Latin believes it has its foot on the biggest hard rock spodumene landholding in Argentina with the company’s total tenement package totaling more than 70,000 hectares.

The company’s Catamarca asset offers a flock of pegmatite swarms that are yet to be fully explored.

According to the company, Vilisman and Ancasti – two key areas inside the larger Catamarca project host over 20 lithium-bearing pegmatite deposits. Latin says the spodumene content within a 15m depth of 12 of the deposits alone stands at roughly 120,000 tonnes.

The Catamarca lithium project is a joint venture operation with multi-billion-dollar Argentinian investment bank, Integra Capital. Integra can earn up to 50 percent of the project through an exploration outlay of US$1 million.

It was good to get on the ground in Argentina. The site visit has confirmed my belief that the Catamarca Project has the potential to host a significant high-grade lithium deposit. Our initial work has shown that the project contains outcropping spodumene rich pegmatites, with early drilling results returning high-grade intersections.

Outside its Argentinian lithium hunt the company is also chasing copper in Peru with Latin recently commencing the drilling of two scout holes at its MT03 project.

The work forms part of a larger 2000m diamond drilling program aimed at testing the ground’s potential to host copper porphyry style mineralisation.

Notably, MT03 is along trend from Southern Copper’s Tia Maria porphyry deposit that holds a 639 million tonne resource at 0.39 per cent copper and 0.19 grams per tonne gold.

Latin is working up an armory of battery metal projects in South America and given Catamarca has already delivered a handful of high-grade results and boasts the support of a billion dollar bank could be one to watch in 2023.

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