Latin Metals Involves Three New Copper Exploration Projects, Coastal Copper Belt, Peru
TSXV: LMS) OTCQB: LMSQF) announces that it has acquired a 100% interest in three copper exploration projects totaling 5,000 hectares, located in the Coastal Copper Belt, Peru. The three projects (Loli, Tillo and Para) (the âProjectsâ) are located approximately 130 km southwest of the Company’s Lacsha copper project, where recent exploration has identified significant surface copper mineralization. and where the Company expects to complete a IP survey in January 2022 (Figure 1).
The projects were acquired by staking after the completion of a large regional stream sediment survey, examining approximately 480 km 2 . The areas were selected on the basis of consistent copper anomalies and geological similarities with the Lacsha – Yanba project area.
Figure 1. Map showing newly acquired projects as well as the extent of stream sediment survey, which identified target areas. The map also shows the location of land positions controlled by Buenaventura, Hochschild and others.
âWe are delighted to further expand our presence in this new part of Peru’s coastal copper belt,â said Keith Henderson, President and CEO, âWe continue to be successful using screening tools regions to identify areas that we can acquire 100% through claim staking.
Stream sediment survey details
The Company completed a stream sediment survey covering 480 km 2 with 82 samples. With copper values ââranging from 28 ppm to 297 ppm located in open terrain, the 11 watersheds with the highest copper values âârange from 138 to 297 ppm. The claims were staked on the basis of groups of anomalous river sediments at the Loli, Tillo and Para projects.
Latin Metals is currently in talks with the local communities that hold the surface rights, following which the Company plans to begin systematic surface exploration. As was the case in Lacsha, a slope survey program will be the first pass to identify the highest priority targets.
Coastal Copper Belt
The Coastal Copper Belt in Peru is a Cretaceous belt that hosts a variety of deposit types, including porphyry, epithermal, VMS, and IOCG. The Lacsha copper-molybdenum, Yanba copper-molybdenum and Auquis copper-gold projects, 100% owned by Latin Metals, are all located in the northern Lima-Ica portion of the Coastal Belt.
QA / QC
This stream sediment survey was designed and supervised by Eduardo Leon, the company’s exploration director, who is responsible for all aspects of the work, including the quality control / assurance program. The on-site project staff collect and strictly monitor the samples which are then sealed and shipped to the ALS laboratory in Lima. Samples used for the results described here are prepared and analyzed by phased array analysis using an inductively coupled mass spectrometer in accordance with industry standards.
The technical content of this press release has been approved for disclosure by Keith J. Henderson P.Geo, a Qualified Person as defined by NI 43-101 and the CEO of the Company. Mr. Henderson is not independent of the Company as he is an employee of the Company and holds securities of the Company.
About Latin metals
Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America. The Company operates with an outlook generator model focusing on acquiring prospective exploration properties at minimum cost, complementing the initial assessment with profitable exploration to establish drilling targets and ultimately securing joint venture partners to finance drilling and advanced exploration. Shareholders are exposed to the upside of a significant discovery without the dilution associated with funding exploration based on the highest risk drilling.
On behalf of the board of directors of
Latin Metals Inc.
” Keith Henderson ”
President and CEO
For more details on the Company, readers are encouraged to visit the Company’s website ( www.latin-metals.com ) and its Canadian regulatory filings on SEDAR at www.sedar.com .
For more information, please contact:
999 Hastings Street West
Vancouver, BC, V6C 2W2
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Caution regarding forward-looking statements
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and United States securities laws, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding the negotiation of option agreements and the exercise of the option for the properties, intended content, the commencement, timing and cost of exploration programs with respect to the properties and otherwise, the expected results of the exploration program resulting from exploration activities, and the Company’s expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, discovery and delineation of mineral deposits / resources / reserves on the The properties, and the business plans and schedule of future activities of the Company, are in advance of forward-looking statements. Although the Company believes these statements to be reasonable, it cannot guarantee that these expectations will prove to be correct. Often, but not always, forward-looking information can be identified by words such as “pro forma”, “plans”, “expect”, “may”, “should”, “budget”, “planned”, “estimates”, “foresees”, “intends”, “anticipates”, “believes”, “potential” or variations of these words, including negative variations thereof, and phrases which refer to certain actions, events or results that may, could, could, could or will occur or be taken or achieved.In making the forward-looking statements in this press release, the Company has applied several important assumptions, including, but not limited to, market fundamentals will result in sustained demand and prices for precious metals, obtaining all necessary permits, licenses and regulatory approvals in connection with the future development of the Company’s Argentinian projects in a timely manner, the availability of conditional financing s appropriate for the development, construction and continued operation of the Company’s projects, and the Company’s ability to comply with environmental, health and safety laws.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the companies. forward-looking information. These risks and other factors include, among others, operational and technical difficulties associated with mineral exploration and development and mine development activities on the properties, including geological mapping, prospecting and sampling programs. proposed for the properties (the “Programs”), the actual results of exploration activities, including the programs, the estimate or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, production costs, capital expenditures, costs and timing of development of new deposits, availability of sufficient supply of water and other materials, additional capital requirements, future prices of precious metals and copper, changes in conditions general economic conditions, changes in financial markets and in the demand and market price of raw materials raw materials, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as expected, accidents, labor disputes and other risks of the mining industry, delays or inability of the Company to obtain the necessary permits, consents or authorizations required, including acceptance by the TSX Venture Exchange for the filing of option agreements, any acquisition of current or future ownership, financing or other planned activities , changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or limitations on insurance coverage claims and the timing and possible outcome of litigation in course, environmental issues and responsibilities, risks associated with joint venture operations and risks associated with the integration of ac quisitions, as well as the factors discussed under the heading “Risk Factors” in the Company’s latest MD&A and other documents filed by the Company with the Canadian securities regulators, copies of which can be found under the profile of the Company. Company on the SEDAR website at www.sedar.com .
Readers are cautioned not to place undue reliance on forward-looking statements. Unless otherwise required by law, the Company assumes no obligation to update any forward-looking information contained in this press release or incorporated by reference herein.