Latin Resources Limited (ASX: LRS) ('Latin' or 'the Company') is pleased to advise that air-core drilling has commenced at the Company's Noombenberry Project ('Noombenberry' or 'The Project'), located to the east-southeast of Merredin, Western Australia, and is progressing well.
The drilling campaign will continue up to the 20th December 2020, when drilling crews are scheduled to demobilise for the Christmas break.
The Company will complete an estimated 2,500m - 3,000m of shallow air-core drilling to confirm the extents of a known Kaolinite - Halloysite occurrence. The initial phase of drilling will be completed in a regular 400m x 400m grid pattern, with a second phase of off-set infill drilling to a nominal 200m x 200m pattern focussing on thicker zones of kaolinite development to be completed should time permit. Any unfinished areas of infill drilling will be completed early in 2021. The Company has additional capacity within the existing approvals to extend the drilling campaign as required.
Reconnaissance prospecting of 'target dams' identified in aerial photomapping, has confirmed the presence of sub-cropping bright white kaolinitic clays and kaolinised granite, some 15 kilometres along strike to the north-east of the known halloysite-kaolinite occurrence, within new tenement applications lodged by Latin. Four sub-outcrop samples of this bright-white material have been collected from two specific sites, and submitted for detailed test work along with the composite samples from the air-core drilling.
Composite samples from the air-core drilling will be sent to laboratories in Perth and Adelaide where they will undergo detailed test work including; brightness testing, definitive clay mineral species quantification via a combination of X-Ray Diffraction ('XRD'), and spectral scanning, along with other elemental analysis via X-Ray Florence ('XRF'). Results from test work are expected to be returned from the laboratory in January 2021.
Latin Resources Executive Director Chris Gale commented, 'We are all very excited to have our maiden air-core drilling campaign underway at Noombenberry, where we are testing the extent of our known high-quality kaolinite-halloysite occurrence. Drilling is progressing very well, with geological logging identifying good intersections of white kaolinitic clays in the early drilling. We will continue to drill right up to the 20th of December, infilling our drill pattern where we see good kaolin intersections in the logging. We are fully funded to advance the Noombenberry Project at a time where there is strong and broad global demand for high-quality kaolin products. The Noombenberry Project has the added benefit of sub-cropping high-quality material, which will have a significant positive impact on any future project economics, should we define sufficient material to support development.'
Contact:
Chris Gale
Tel: +61 8 6117 4798
About Latin Resources
Latin Resources Limited (ASX: LRS) is an Australian-based mineral exploration company with several mineral resource projects in Latin America and Australia. The Australian projects include the Yarara gold project in the NSW Lachlan Fold belt, Noombenberry Halloysite Project near Merredin, WA, and the Big Grey Project in the Paterson region, WA. The company is also actively progressing its Copper Porphyry MT03 project in the Ilo region with its joint venture partner First Quantum Minerals Ltd. The Company recently signed a JV agreement with the Argentinian company Integra Capital to fund the next phase of exploration on its lithium pegmatite projects in Catamarca, Argentina.
Forward Looking Statement
This ASX announcement may include forward-looking statements. These forward-looking statements are not historical facts but rather are based on Latin Resources Ltd.'s current expectations, estimates and assumptions about the industry in which Latin Resources Ltd operates, and beliefs and assumptions regarding Latin Resources Ltd.'s future performance. Words such as 'anticipates', 'expects', 'intends', 'plans', 'believes', 'seeks', 'estimates', 'potential' and similar expressions are intended to identify forward-looking statements. Forward-looking statements are only predictions and are not guaranteed, and they are subject to known and unknown risks, uncertainties and assumptions, some of which are outside the control of Latin Resources Ltd. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Actual values, results or events may be materially different to those expressed or implied in this ASX announcement. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward-looking statements in this announcement speak only at the date of issue of this announcement. Subject to any continuing obligations under applicable law and the ASX Listing Rules, Latin Resources Ltd does not undertake any obligation to update or revise any information or any of the forward looking statements in this announcement or any changes in events, conditions or circumstances on which any such forward looking statement is based.
LATIN RESOURCES LIMITED 
