Spodumene bearing pegmatites 500m west of existing discovery

Drilling results from our lithium exploration Investment Latin Resources (ASX: LRS) may indicate a new discovery 500m west of its existing lithium project in Brazil.

This morning LRS announced that a drillhole completed ~500m to the west of its existing Colina discovery hit a series of 17 separate pegmatites starting from a depth of ~62m, with several intercepts showing spodumene mineralisation.

One of those spodumene bearing pegmatites measured ~18.75m in thickness.

LRS is calling the discovery “Colina West” but will continue testing the ~500m distance between these intercepts and its existing Colina discovery to see if the two make up one larger discovery.

In addition to the intercepts, LRS confirmed that it has now mapped more outcropping pegmatites ~1km to the west of today’s drilling results.

This means that even after LRS puts together a maiden JORC resource over its existing discovery, it may be able to significantly increase its lithium project's size and scale by systematically drilling out these new prospects.

At this stage, LRS has a bunch of outcropping pegmatites and some drillholes confirming the presence of spodumene bearing pegmatites.

With assays pending, we will be watching to see just how much lithium is in these intercepts before considering the scale implications these new prospects have on LRS’s project.