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The Salinas Project is located approximately 100 kilometres north of its Itinga Project (Bandeira and Outro Lado lithium deposits), within the lithium-rich Araçuaí Pegmatite District in the northern region of Minas Gerais State, Brazil.
Lithium Ionic acquired the Salinas Project in March 2023 and began a drilling program in May 2023 to test and delineate multiple outcropping spodumene-rich pegmatite bodies identified by surface sampling and drilling in 2022 by the vendor. See initial drill results HERE issued in July 2023.
The Salinas mineralized pegmatite veins extend directly east of Latin Resources’ Colina lithium deposit, which is reported to contain 45.2Mt grading 1.34% Li2O.
- Regular drill results. A 50,000-metre expansion and definition drilling program is underway for H2 2023 (Itinga + Salinas). The aim at Salinas is to define a NI 43-101 mineral resource estimate in the near-term.