Drilling at newly acquired lithium prospects commenced
Investment Memo: LRS 2022
Objective #1: JORC resource at its Brazilian lithium projects
As part of yesterday’s announcement, our exploration Investment Latin Resources (ASX: LRS) also confirmed that drilling at the newly acquired lithium prospect to the east of its new discovery had commenced.
LRS confirmed that the first three drillholes would be targeting the highest priority outcropping pegmatites structures that had previously been mapped over this project area.
Similarly to where LRS made its latest discovery, these outcropping pegmatites had previously been assayed and returned lithium results grading as high as ~2.3% lithium. We are hoping LRS can repeat the success it had on its other tenements here and add another discovery to its Brazilian lithium portfolio.
We covered the acquisition of these new prospects in a previous note which you can read here.