Latin Resources drilling results could see peer comparison rerating
Latin Resources Limited (ASX:LRS) has completed first pass and infill air-core drilling at its 100% owned Noombenberry Project, east-southeast of Merredin, Western Australia.
Investors like what they see, particularly given they have noticed the success of peers such as Andromeda Metals (ASX: ADN), and the company’s shares opened 27% higher on Tuesday morning.
The company completed 197 drill holes for a total of 4,430 metres of vertical shallow air-core drilling over an area of approximately 4.5 kilometres by 4 kilometres (18 square kilometres), to test the extents of a known Kaolinite - Halloysite occurrence where previous sampling has returned results of 38.9% Kaolinite, 15% Halloysite and 31.8% K-feldspar....
