Latin Metals Discovers High-Grade Copper Mineralization at
VANCOUVER, British Columbia, Jan. 30, 2023 (GLOBE NEWSWIRE) — Latin Metals Inc. (“Latin Metals” or the “Company”) – (TSXV: LMS) (OTCQB: LMSQF) announces that it has zones of high values grade copper mineralization on the 2,000 hectare 100% owned Tillo Project in Peru’s Coastal Copper Belt. This is the first exploration to be completed on this new copper project and work by Latin Metals has commenced geochemical sampling of soil and talus fines for a total of 253 geochemical samples. Several zones of anomalous sampling have been outlined, including the largest zone measuring approximately 2,500m by 1,000m. Within this zone, copper values range from 250 ppm to a peak of 1,050 ppm copper, with supporting molybdenum mineralization (Figure 1).
Figure 1. Location of the Tillo Copper Project (left) and soil/debris sampling results showing multiple anomalous zones and highlighting a 2,500 x 1,000 meter anomaly with a red dashed line.
The anomalies defined by soil and boulder sampling are supported by geological mapping and sampling that has identified copper mineralization in porphyry-style outcrops (Table 1).
Plate 1. (A) Sericite-altered quartz-monzonite porphyry intersected by early dark micaceous veinlets (B) Sericite-altered monzonite with disseminated pyrite replaced by iron oxide (C) Sericite-altered monzonite with disseminated pyrite-chalcopyrite, locally replaced by copper oxide
A program of detailed rock chip sampling and geological mapping is expected to begin in Q1 and will focus on the areas of most anomalies defined by the initial sampling.
Coastal Copper Belt
The Coastal Copper Belt in Peru is a chalk belt that hosts a variety of deposit types including porphyry, epithermal, VMS and IOCG. Latin Metals owns a total of six 100% owned copper exploration properties in the Coastal Belt. The Company’s Lacsha copper-molybdenum project is drill ready and fully permitted for drilling. The Auquis copper-molybdenum-gold project is advanced and expected to be drill-ready in 2023. The Tillo property described herein is being explored for the first time.
The work program at Tillo was designed and supervised by Eduardo Leon, the Company’s Exploration Manager, who is responsible for all aspects of the work including the Quality Control/Quality Assurance program. B horizon soil samples were collected in 40cm x 40cm excavated pits with approximately 1.5kg to 2kg of sample material. In areas without suitable soil development, rubble samples were collected instead. Sample spacing on the property is 300 to 350 m. Onsite project personnel collect and rigorously trace samples which are then securely sealed and shipped to the ALS laboratory in Lima. Samples used for the results described herein are prepared and analyzed by multi-element analysis using an inductively coupled mass spectrometer in accordance with industry standards.
The technical content of this news release has been authorized for disclosure by Keith J. Henderson P.Geo, a Qualified Person as defined by NI 43-101 and CEO of the Company. Mr. Henderson is not independent of the Company as he is an employee of the Company and holds Company securities.
Company Update Webinar
On Thursday, February 16, 2023 at 10:00 am PT / 1:00 pm ET, the Company will host a live corporate update and overview of Latin Metals, its projects in South America and its goals for the year ahead give .
This will be followed by a live question and answer period for investors, analysts and the media.
Date: Thursday 16 February 2023
Time: 10:00 a.m. PT / 1:00 p.m. ET
Voiced by: Keith Henderson, CEO of Latin Metals Inc.
Registration link: https://meet.zoho.com/W7CE9ctAr2
After registering, you will receive a confirmation email with information on how to participate in the webinar.
About Latin Metals
Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America. The Company operates on a prospect generator model focused on acquiring prospective exploration properties at minimal cost, completing the initial appraisal through low-cost exploration to define drill targets, and ultimately attracting joint venture partners to fund drilling and advancement exploration focused. Shareholders gain access to the benefits of a significant discovery without the dilution associated with funding the highest-risk drill-based exploration.
On behalf of the board of directors
LATIN METALS INC.
President and CEO
For more details about the Company, readers are referred to the Company’s website (www.latin-metals.com) and its Canadian filing documents on SEDAR at www.sedar.com.
For more information please contact:
999 West Hastings St
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 release.
Cautionary Note 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 U.S. securities laws, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, contained herein contained, including, without limitation, statements regarding the negotiation of the option agreements and the exercise of the option for the properties, the expected content, commencement, timing and costs of exploration programs relating to the properties and other expected results of the exploration program Exploration activities and the Company’s expectation of being able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the properties and the anticipated G Business plans and timing of the Company’s future activities are forward-looking statements. Although the Company believes such statements are reasonable, it cannot guarantee that these expectations will prove to be correct. Often, but not always, forward-looking information is identified by words such as “pro forma”, “plan”, “expect”, “may”, “should”, “budget”, “planned”, “estimate”, “forecasts”, ” intend”, “anticipate”, “believe”, “potentially” or variations of such words, including negative variations thereof, and expressions referring to specific actions, events or results that may, could, would, might or will occur or In making the forward-looking statements in this press release, the Company has made several key assumptions, including, but not limited to, market fundamentals that will result in continued precious metal demand and prices, receipt of all necessary permits, licenses and regulatory approvals in the In connection with this, the timely future development of the company’s Argentine projects, the availability of financing en conditions 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 could cause the Company’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information . These risks and other factors include, but are not limited to, operational and technical difficulties associated with mineral exploration, development and mine development activities on the Properties, including proposed geological mapping, prospecting and sampling programs (the “Programs”), actual Results of exploration activities, including programs, estimates or realization of mineral reserves and mineral resources, timing and amount of estimated future production, production costs, capital expenditures, costs and timing of developing new deposits, availability of an adequate supply of water and other materials, needs for additional Capital, future precious metal and copper prices, changes in general economic conditions, changes in financial markets and in demand and the market price for commodities, possible swa changes in ore grade or recovery rates, possible failure of any plant, equipment or process used to operate as a foreseeable accidents, labor disputes and other mining industry hazards, delays or the Company’s inability to obtain any required permits, approvals or approvals, including acceptance the TSX-V for the filing of option agreements, any current or future property acquisitions, financing or other proposed activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, litigation or limitations on entitlement to insurance coverage and the timing and potential outcomes of pending litigation, environmental issues and liabilities, risks associated with joint venture operations and risks associated with the integration of acquisitions, and those factors discussed under the heading “Risk Fa Factors” discussed in the Company’s recent management discussion and analysis and other filings made by the Company with the Canadian securities regulators, copies of which are available, see the Company’s profile on SEDAR at www.sedar.com.
Readers are cautioned not to place undue reliance on any forward-looking statements. Except as otherwise required by law, the Company undertakes no obligation to update any forward-looking information contained in this press release or incorporated by reference herein.
Photos accompanying this announcement are available at