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Additional Information
Market:ASX
Sector:General Mining
EPIC:LRS
Latest Price: 0.28  (0.00%)
52-week High:0.44
52-week Low:0.16
Market Cap:33.65M
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Latin Resources Full Latin Resources profile here

Latin Resources (ASX: LRS) is focused on Peru where the company has several projects.


At Ilo Norte the focus is iron, copper and gold, while at Guadalupito the target is iron and heavy mineral sands - with the company targeting a JORC Resource in 2011.

Pdf

Latin Resources in a trading halt pending Peruvian prospect announcement

Monday, February 07, 2011
Latin Resources in a trading halt pending Peruvian prospect announcement

Latin Resources (ASX: LRS) has been granted a trading halt by the ASX pending an announcement in relation to one of the company's Peruvian prospects, with the shares placed in pre-open.

Latin has not yet released which prospect the announcement relates to, but some very promising results were identified at the Guadalupito Iron and Heavy Mineral Sands project, located in Peru, in late 2010.

At Guadalupito two magnetic concentrates identified up to 64% iron and 5% titanium, with gold grades of potential economic significance.

Quantities of the rare earth elements; lanthanum, cerium, neodymium and thorium were identified in monazite.

The company has an option and lease agreement over six mining concessions totalling 2218 hectares.

The trading halt will end when an announcement is made, or at the start of trading on Wednesday 9 February.

 

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