Lrs - latin resources - lithium pegmatite opportunity

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Announcement today and nearly 200 million shares traded already - BIG Lithium province similiar to PILBIRA but Lithium rich CHEAP AS CHIPS AT MOMENT ticker: LRS and LRSO (Options expiry 2017 at 2c ) options better leverage IMO if you like it

http://latinresources.com.au/

LATIN CLAIMS 70,000 HECTARES IN LITHIUM PEGMATITE
DISTRICT, CATAMARCA, ARGENTINA.

HIGHLIGHTS
 Latin Resources Limited (ASX: LRS) announced 09 May 2016 the signing of a binding
term sheet to form a joint-venture between LRS and Lepidico Limited (LEP) which will
seek to acquire and advance lithium projects in Argentina and Peru to utilise the
Lepidico process technology to produce lithium carbonate.
 70,000 hectares in seven exploration tenements have now been applied for in the
Catamarca Province that adjoin two areas totalling 7,500 hectares that together host in
excess of twenty Lithium bearing pegmatite deposits documented by various authors
over the last 50 years.
 The documented deposits in the adjacent areas are pegmatite dykes striking roughly NS
over 50 m to 700 m length, and are up to 8 m thick.
 Past reports identify that Lithium is predominantly present in the adjacent areas as
Spodumene, with individual crystals reaching more than 1m in length. Lithium micas
are also reported in some cases as accessory minerals.
 The documented Lithium bearing pegmatite deposits in the adjacent areas have a
history of small scale past production, having been intermittently exploited for Lithium
minerals and associated Beryl, Tantalum and feldspars during the 1950’s and 1970’s.
 The exploration tenements applied for by the Company host hundreds of outcropping
pegmatite dykes, frequently in swarms (Figure 3), and have reportedly never been
systematically explored for Lithium. Such fertile terrain in proximity to significant
Lithium deposits is considered highly prospective.
 The Company is now working towards controlling the Villisman and Ancasti groups that
host the known Lithium pegmatites that adjoin the tenements applied for.
LATIN RESOURCES LIMITED
ACN: 131 405 144
Unit 3, 32 Harrogate Street
West Leederville, Western Australia,
6007.
P 08 6181 9798
F 08 9380 9666
E info@latinresources.com.au
Latin Resources Limited (ASX: LRS) (“Latin” or “the Company”) is pleased to announce that, in line
with the Company’s joint venture initiative with Lepidico Limited, (announced 09 May 2016), claim
applications for 70,000 hectares of exploration tenements have been lodged at the Catamarca
Province mines office. The seven tenements adjoin two areas (the Vilisman Group and the Ancasti
Group) each hosting a number of well documented Lithium bearing pegmatites near the townships of
Ancasti and Vilisman (Figure 2), each located on the eastern slopes of the Ancasti Ranges some 40 km
from the Provincial Capital, San Fernando del Valle de Catamarca (Figure 1).
Figure 1: Location of the mining friendly Catamarca Province, its capital, and the Ancasti Ranges in NW
Argentina.
Pegmatites of the Ancasti Ranges:
Various studies of pegmatites in the Ancasti Ranges have been reviewed: Herrera (1964), Rossi
(1965), Fernández Lima et al. (1970), Marconi (1972), Balmaceda (1982), Balmaceda and Kaniefsky
(1982), Lottner (1983), Acosta et al. (1988) and Galliski (1992a, 1994a, 1994b).
Acosta et al (1988) grouped a series of lithium-bearing pegmatites occurrences in the Ancasti Ranges
into two groups, geographically located within several kilometres of each of the Vilisman and Ancasti
townships.


Figure 2: Location of the Vilisman and Ancasti Lithium Pegmatite Groups, with old mines marked (Solid red
areas). Latin’s claim applications cover the orange shaded areas extending outwards from, but excluding,
the known Lithium deposits.
Figure 3: Google view of pegmatite swarms within Latin’s claim applications
Latin Claims
Latin Claims
Vilisman Group, Latin Pursuing
Ancasti Group, Latin Pursuing
The Vilisman Group hosts at least 8 pegmatite deposits that have evidence of past mining activity. Six
of these are individual dykes emplaced along structures in banded mica schists, while two are formed
as multiple dykes. Most of the dykes outcrop over at least 100 m of strike length with thicknesses of
between 1 m and 5 m. Acosta et al (1988) mentions 11 other deposits in the Vilisman Group that
were visited as part of this work, but cites insufficient data preventing their inclusion in the tabulated
list, despite having observed good mineralisation and workings.
There are apparently fewer identified Lithium pegmatite deposits in the Ancasti group but these are
relatively larger in terms of strike length and width relative to those