Latin Metals Reports High Grade Copper Mineralization at Auquis Project, Peru

Latin Metals Reports High Grade Copper Mineralization at Auquis Project, Peru

TSXV: LMS) OTCQB: LMSQF) is pleased to announce results of a recently completed rock sampling program at its 100% own Auquis project (the " Property ") located in the Coastal Copper Belt, Peru. A total of 234 rock chip samples were collected to follow up on anomalous soil samples collected earlier in the year (see NR22-06, April 2022). Rock chip sampling has highlighted copper grades ranging from 22 ppm to 12.8% copper across the Property ( Figures 1 and 2 ).

Figure 1. Map highlighting areas where recent rock chip sampling was completed over several peak soil anomalies at Auquis Property, Coastal Copper Belt, Peru. Area defined by red square shows very consistent copper mineralization over 1km x 1km extent is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/22d3ff98-e59e-49c3-a351-7ed150fd0405

Keith Henderson, CEO, commented, "Our recent follow-up sampling program has outlined a large 1km x 1km area of consistent mineralization where 101 samples returned copper values of up to 2.37% copper and 236 ppm molybdenum, with a mean value of 0.13% copper and 6.4 ppm molybdenum. We are very excited about these initial results, with many areas of this large 4,000 hectare property still unsampled."

This portion of the Coastal Copper Belt is the focus of attention for several major mining companies, such as Newmont and Vale.

Figure 2. Location of the Auquis Property in Peru and within the Coastal Copper belt is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3cc93fb3-062a-4705-9791-5d199bef54f5

Rock Chip Sampling Details

Recently completed rock chip sampling was focused in the highly anomalous areas identified in a previous soil sampling survey. A total of 234 rock chip samples were collected with values up to 4.74% copper and 236 ppm molybdenum. Mean values from the 234 samples are 0.10% copper and 5ppm molybdenum. These results are very encouraging as regional results but looking more closely at the southeastern portion of the Property, mineralization is seen to be very consistent with highly anomalous values of copper and molybdenum. In this large 1km x 1km area, 101 samples returned values with a mean of 0.13% copper and 6.4 ppm molybdenum. This area is characterized by multiple phases of intrusive rocks with porphyritic textures and copper oxide mineralization.

Next Steps

Recent sampling was focused on testing existing soil anomalies. Other areas of the Property are still open for exploration, and the Company will extend the sampling program. Next steps include a property-wide rock chip sampling and geological mapping program in the next months to define the area for an initial ground magnetic survey.

QA/QC

The work program at Auquis 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. On-site personnel at the project rigorously prepare and track samples which are security 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 compliance with industry standards.

Qualified Person

The technical content of this release has been approved for disclosure by Keith J. Henderson P.Geo, a Qualified Person as defined by NI 43-101 and the Company's CEO. Mr. Henderson is not independent of the Company, as he is an employee of the Company and holds securities of the Company.

Investor Relations and Marketing

The Company has engaged BTV- Business Television ("BTV") to improve exposure to Canadian capital markets. The engagement is for an initial period of three months, renewable for an additional three months. As consideration, the Company will pay a total fee of $31,850. BTV produces a half-hour weekly investment show, profiles emerging companies across Canada and the US to bring investors information for their portfolio. On air for 20+years, BTV is broadcast nationally on BNN Bloomberg, FOX Business News, BizTV. With Hosts, Taylor Thoen and Jessica Katrichak , BTV interviews top analysts plus features companies at their location for an insightful business perspective. Services provided under the contract with Latin Metals include digital marketing on well-known financial web platforms BNN Bloomberg, Forbes, Yahoo Finance, Seeking Alpha, Financial Post, and Market Watch), Facebook advert campaign, mobile optimized banners, and TV advert for broadcast on BNN Bloomberg. To the Company's knowledge, BTV does not have any direct interest in the Company or its securities.

The Company has also engaged OTCWagon for a one-month market awareness program. As consideration, the Company will pay a total fee of $5,000. To the Company's knowledge, OTCWagon does not have any direct interest in the Company or its securities.

About Latin Metals

Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America. The Company operates with a Prospect Generator model focusing on the acquisition of prospective exploration properties at minimum cost, completing initial evaluation through cost-effective exploration to establish drill targets, and ultimately securing joint venture partners to fund drilling and advanced exploration. Shareholders gain exposure to the upside of a significant discovery without the dilution associated with funding the highest-risk drill-based exploration.

On Behalf of the Board of Directors of

Latin Metals Inc.

" Keith Henderson "

President & CEO

For further details on the Company readers are referred to the Company's web site ( www.latin-metals.com ) and its Canadian regulatory filings on SEDAR at www.sedar.com .

For further information, please contact:

Keith Henderson

Suite 890
999 West Hastings Street
Vancouver, BC, V6C 2W2

Phone: 604-638-3456
E-mail: info@latin-metals.com

Neither 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 news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, 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 the Option Agreements and exercise of the Option for the Properties, the anticipated content, commencement, timing and cost of exploration programs in respect of the Properties and otherwise, anticipated exploration program results from exploration activities, and the Company's expectation that it will be 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 business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company's Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company 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 which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Properties, including the geological mapping, prospecting and sampling programs being proposed for the Properties (the "Programs"), actual results of exploration activities, including the Programs, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSX-V acceptance for filing of the Option Agreements, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading "Risk Factors" in the Company's latest Management Discussion and Analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR website at www.sedar.com .

Readers are cautioned not to place undue reliance on forward looking statements. Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein .


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

LMS:CA
The Conversation (0)
Latin Metals Reports IP Survey Results at Lacsha Project, Peru

Latin Metals Reports IP Survey Results at Lacsha Project, Peru

TSXV: LMS) OTCQB: LMSQF) is pleased to announce the results of the Induced Polarization (" IP ") survey at its 100% own Lacsha project, located in the Coastal Copper Belt, Peru. The objective of the recently completed survey was to determine the distribution of potentially copper bearing sulphides (IP chargeability), distribution of alteration (IP resistivity and ground magnetics) to frame the Lacsha copper target in the context of an upright, intact porphyry copper system and identify drill targets. The responses in general correlate well with generally accepted porphyry exploration models and the result is four high-priority targets areas ( Figures 1 and 2 ).

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Latin Metals Inc. Invites Shareholders and Investment Community to visit them at Booth 3142 at PDAC 2022 in Toronto, June 13-15

Latin Metals Inc. Invites Shareholders and Investment Community to visit them at Booth 3142 at PDAC 2022 in Toronto, June 13-15

Latin Metals Inc. (TSXV: LMS) invites you to visit them at Booth #3142 at The Prospectors & Developers Association of Canada Convention (PDAC) at the Metro Toronto Convention Centre (MTCC) on Monday June 13 to Wednesday June 15, 2022.

About Latin Metals Inc.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Latin Metals and AngloGold Enter into Definitive Option Agreement Regarding Gold Exploration Projects, Salta Province, Argentina

Latin Metals and AngloGold Enter into Definitive Option Agreement Regarding Gold Exploration Projects, Salta Province, Argentina

TSXV: LMS, OTCQB: LMSQF) announces that it has entered into a binding option agreement (the " Option Agreement ") with AngloGold Argentina Exploraciones S.A. ("AngloGold"), a wholly owned subsidiary of AngloGold Ashanti Ltd. (NYSE: AU, JSE: ANG, ASX: AGG) made as of May 27, 2022. Subsequently, AngloGold provided notice that all conditions precedent have been satisfied, and as a result the Option Agreement's commencement date (the " Commencement Date ") has been established as June 2, 2022. Under the terms of the Option Agreement, Latin Metals granted to AngloGold the option to earn up to an 80% interest in the Company's Organullo, Ana Maria, and Trigal Gold projects (the " Projects ") located in Salta Province, northwestern Argentina ( Figure 1 ).

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Latin Metals Discovers High-Grade Copper Mineralization, Auquis Project, Peru

Latin Metals Discovers High-Grade Copper Mineralization, Auquis Project, Peru

TSXV: LMS) OTCQB: LMSQF) is pleased to announce positive exploration results from its 100%-owned Auquis copper project (" Auquis " or the " Project "), located in the Coastal Copper Belt, where soil sampling results define high-grade anomalous copper over a 3km x 2km area.

Auquis Copper Project

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Latin Metals Provides Update on Barrick Earn-In Agreement for Exploration Projects, Santa Cruz Province, Argentina

Latin Metals Provides Update on Barrick Earn-In Agreement for Exploration Projects, Santa Cruz Province, Argentina

TSXV: LMS, OTCQB: LMSQF) provides an update on its previously announced earn-in agreement (the " Earn-In Agreement ") with a wholly-owned subsidiary of Barrick Gold Corporation (" Barrick "), whereby Latin Metals granted to Barrick the option to earn-up to an 85% interest in the Cerro Bayo, Cerro Bayo Sur and Flora Este properties, located in Santa Cruz Province, Argentina (the " Properties ") (see news release dated February 7, 2022).

Latin Metals announces that it and Barrick have entered into an agreement with the underlying owner of the Properties as of February 25, 2022 (" Effective Date "). Under the terms of the agreement, the underlying owner of the Properties has acknowledged Barrick's rights under the Earn-In Agreement and authorized Barrick to conduct operations on the Properties. Under the terms of the Earn-In Agreement, Barrick is now obligated to incur at least USD $1,000,000 in exploration expenditures on the Properties by the second anniversary of the Effective Date. Latin Metals has now also received the US$150,000 cash payment from Barrick that was due on the Effective Date.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
1844 Provides Updates on Hawk Ridge Option Agreement and Non-Brokered Private Placement of Units

1844 Provides Updates on Hawk Ridge Option Agreement and Non-Brokered Private Placement of Units

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") announces that its previously announced amended and restated option agreement (the "Amended and Restated Option Agreement") with Nickel North Exploration Corp. has terminated in accordance with the terms of the Amended and Restated Option Agreement due to market conditions. As a result, the Company has no right to acquire any interest in the Hawk Ridge property.

With the termination of the Amended and Restated Option Agreement, the Company now intends to use the aggregate gross proceeds of up to $1,500,000 from its previously announced non-brokered private placement of up to 75,000,000 units (each, a "Unit) at a price of $0.02 per Unit (the "Unit Offering") for general and administrative expenses and for other properties in the Company's portfolio. The Company expects to close the Unit Offering on or about March 8th, 2024, subject to TSX Venture ("TSX-V") approval.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Awalé Resources Announces Completion of Drilling at the Odienné Project

Awalé Resources Announces Completion of Drilling at the Odienné Project

Highlights:

  • 21-hole, ~4,000 metre drill program that began in December is now complete, with preliminary assays expected in March
  • Drilling at BBM, Charger and Lando intercepted significant widths of alteration and mineralization
  • A new video is now published highlighting the impressions of this drill program

Awalé Resources Limited. (TSXV: ARIC) (the "Company" or "Awalé") is pleased to announce that we have recently completed a 21 hole 3932m Diamond drill program that commenced in late December 2023. Initial assay results from drilling are expected in March, samples were batch sent to the laboratory during drilling and the BBM target will be reported first followed by Charger and Lando. The drilling at BBM, Charger and Lando has intercepted target alteration and mineralization and results are eagerly anticipated.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Global Business Reports Magazine Profiles Grid Battery Metals in the Western USA Mining 2024 Issue

Global Business Reports Magazine Profiles Grid Battery Metals in the Western USA Mining 2024 Issue

(TheNewswire)

Grid Battery Metals Inc..

Coquitlam, BC TheNewswire - February 29, 202 4 - Grid Battery Metals Inc. (the "Company" or "Grid Battery") (TSXV: CELL, OTCQB: EVKRF, FRA: NMK2) announces that Global Business Reports, a respected industry news writer and editorial author, has profiled Grid Battery Metals Inc. in its latest issue of the Western USA Mining 2024 profiling active and successful mineral exploration companies in this region.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Noble Announces Results of 2024 Shareholder Meeting

Noble Announces Results of 2024 Shareholder Meeting

(TheNewswire)

Noble Mineral Exploration Inc.

Toronto, Ontario February 28, 2024 Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSX:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) is pleased to announce the results of its Annual General and Special Meeting of shareholders held on February 28, 2024. (the " AGM "). At the AGM, the shareholders approved:

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Company Bulletin

Company Bulletin

(TheNewswire)

Noble Mineral Exploration Inc.

February 8, 2024 / TheNewswire / Noble Mineral Exploration Inc. ( TSXV:NOB) (FWB:NB7) ( OTC:NLPXF) is providing a link to a news release of today, issued by Canada Nickel Company entitled:

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Gravity Survey Results Identify High Impact Near Deposit Massive Sulphide Exploration Targets at its Lagoa Salgada VMS Project, in Portugal

Gravity Survey Results Identify High Impact Near Deposit Massive Sulphide Exploration Targets at its Lagoa Salgada VMS Project, in Portugal

  • New High-Resolution gravity survey suggests potential to rapidly expand Massive Sulphide Mineralization at current Venda Nova North and South Deposits
  • Multiple additional gravity anomalies identified to potentially add to the Massive Sulphide Ore Bodies near Venda Nova
  • EDM's Option to gain a 15% interest in the Project extended to September 30, 2024 due to upcoming elections and government change

Ascendant Resources Inc. (TSX:ASND)(OTCQB:ASDRF)(FRA:2D9) ("Ascendant" or the "Company") is pleased to announce the results of its recent high-resolution gravity survey completed over the Venda Nova North and South Deposits at its Lagoa Salgada VMS Project, in Portugal

Key Highlights

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×