Latin Resources identifies high-grade lithium at Geminis Mine
2017-09-20 16:47:54 [Print]
BEIJING (Asian Metal) 20 Sep 17 - On September 20, Australian-based Latin Resources Limited announced that recent field activities have produced very positive results at the Geminis Mine in San Luis, Argentina
Analysis of twenty nine samples collected from exposures of pegmatites in historical underground mine workings and adjacent outcrops in multiple pegmatites within the Geminis and Don Gregorio concession have reported grades of up to 3.83% lithium.
The results from the sampling have confirmed that the spodumene zones that have been exposed by the historical mining contain encouraging lithium grades even after having been significantly weathered. The grades of lithium in fresh material should be higher.
Resumption of permitting by San Luis Mineria Department is imminent following change in provincial Government. The granting of Latin resources exploration concessions and EIA approvals are expected to be resolved by the end of September.
The focus for further field work to determine drill targets will continue with a focus on the newly acquired Geminis mine. The San Luis drilling program will then commence once the best drill targets have been defined.
Analysis of twenty nine samples collected from exposures of pegmatites in historical underground mine workings and adjacent outcrops in multiple pegmatites within the Geminis and Don Gregorio concession have reported grades of up to 3.83% lithium.
The results from the sampling have confirmed that the spodumene zones that have been exposed by the historical mining contain encouraging lithium grades even after having been significantly weathered. The grades of lithium in fresh material should be higher.
Resumption of permitting by San Luis Mineria Department is imminent following change in provincial Government. The granting of Latin resources exploration concessions and EIA approvals are expected to be resolved by the end of September.
The focus for further field work to determine drill targets will continue with a focus on the newly acquired Geminis mine. The San Luis drilling program will then commence once the best drill targets have been defined.
Lithium Hydroxide LiOH 56.5%min, Magnets 0.0001%max Delivered China
Unit:RMB/mt
China's lithium maganate producers' inventory to production ratio statistics by province by month
Unit: %
