Latin Metals Reports New Surface Copper Mineralization at Lacsha, Peru

Latin Metals Reports New Surface Copper Mineralization at Lacsha, Peru

TSXV: LMS) OTCQB: LMSQF) is pleased to announce rock chip channel sampling results defining a new zone of copper mineralization at the Lacsha project (" Lacsha " or the " Project ") and initiation of an Induced Polarization (" IP ") geophysical survey.

Rock Chip Sampling

Continuous rock chip channel sampling results show consistent values in copper and molybdenum, including 52m grading 0.38% copper and 237ppm molybdenum, with copper values ranging from 460 ppm copper to 45,200 ppm (4.52%) copper (Figure 1).

Figure 1. New Lascha SW Zone continuous rock chip sampling showing copper grades
and selected composite rock chip intercepts.

These results are in addition to assays reported previously in Lacsha South and Lacsha North target areas, where similar mineralization was identified ( previous news release, September 14, 2021 ), including 30m grading 0.22% copper and 76ppm molybdenum in Lacsha South and 72m grading 0.20% copper and 62ppm molybdenum in Lacsha North (Table 1).

Table 1: Comparison of Rock Chip Channel Sample Grades at Lacsha Target Areas

Target Area Highlights Composite Grades
(0.20% copper or greater)
Grade Range
Lacsha North 72m @ 0.20% copper, 62ppm moly;
incl. 46m@0.25% copper, 81ppm moly
0.07% - 0.68%
Lacsha South 30m @0.22% copper, 76ppm moly;
and 26m @ 0.20% copper, 119ppm moly
0.04% - 4.10%
Lacsha South-West 136m @ 0.24% copper, 179ppm moly;
incl. 52m @ 0.38% Copper, 237ppm moly
0.05% - 4.52%

These copper-molybdenum values are interpreted as indicating a leached zone typically found in arid environments related to porphyry deposits. Individual samples were taken at 2 m intervals. True thickness is not possible to determine from the current level of available data, but sample orientation is designed to be as representative as possible.

Induced Polarization Survey

Latin Metals is currently undertaking a geophysical IP survey, which will be completed over the Lacsha project. This survey will help us to define drill targets for permitting. The survey is planned to cover all targets generated to date for a total of 18 lines, each averaging 1.5 km in length. Lines are orientated perpendicular to the principal NE-SW mineralized trend.

Coastal Copper Belt

The Coastal Copper Belt in Peru is a Cretaceous belt hosting a variety of deposit types, including Porphyry, Epithermal, VMS and IOCG. Latin Metals' 100%-owned Lacsha copper-molybdenum, Yamba copper-molybdenum, Auquis copper-gold and Tillo, Para and Loli projects are all located in the northern Lima-Ica portion of the coastal belt.


The work program at Lacsha was designed and supervised by Eduardo Leon, the Company's Exploration Manager. He is responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then 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.

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 acquiring 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 website ( ) and its Canadian regulatory filings on SEDAR at .

For further information, please contact:

Keith Henderson

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

Phone: 604-638-3456

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 .

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

The Conversation (0)
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

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
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

Hudbay to Host Conference Call for Second Quarter 2024 Results

Hudbay Minerals Inc. ("Hudbay" or the "company") ( TSX, NYSE: HBM) senior management will host a conference call on Tuesday, August 13, 2024 at 11:00 a.m. ET to discuss the company's second quarter 2024 results.

Second Quarter 2024 Results Conference Call and Webcast
Date: Tuesday, August 13, 2024
Time: 11:00 a.m. ET
Dial in: 1-844-763-8274 or 647-484-8814

Hudbay plans to issue a news release containing the second quarter 2024 results before market open on Tuesday, August 13, 2024 and post it on the company's website. An archived audio webcast will be available on Hudbay's website following the call.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
True North Copper

Noosa Mining Investor Conference

True North Copper Limited (ASX: TNC) (TNC or the Company) is pleased to present its investor presentation.
Keep reading...Show less
Miramar Resources

High-Grade Copper, Lead and Silver Results from New Gascoyne Project

Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) is pleased to announce high-grade results from sampling completed during an initial reconnaissance field trip to the Company’s new “Chain Pool” Project, in the Gascoyne region of Western Australia.

Keep reading...Show less
  Anax Metals Limited

Drilling to Commence at Evelyn

Anax Metals Limited (ASX: ANX, Anax, or the Company) is pleased to announce that a diamond drill rig has mobilised to Whim Creek to commence drilling at the Evelyn deposit, targeting high-grade copper mineralisation. Evelyn is located approximately 25km south of Whim Creek (Figure 1). Anax has an 80%joint venture interest in the Whim Creek Project, with Develop Global Limited (ASX: DVP) holding the remaining 20%.
Keep reading...Show less
Three copper bars.

ASX Copper Stocks: 5 Biggest Companies in 2024

Copper saw sinking prices toward the end of 2023, but things began to shift in early 2024 as treatment charges at Chinese refiners dropped to single digit lows causing some to cut production.

This led to increased momentum in the price of copper as refined product supply became increasingly tight for consumers of the base metal. In April, the price broke the US$10,000 per metric ton and set new all time highs on both the London Metals Exchange and the Chicago Mercantile Exchange.

Copper has since retreated and has been trading in the US$9,500 to US$9,800 mark in June and July. Despite recent pullbacks, copper prices are still up significantly year-to-date and markets are expected to see supply deficits over the next several years as demand from energy transition sectors continue to grow.

Keep reading...Show less
Cupric sulphate.

Investment Opportunities in the Growing Copper Sulphate Market

Used in industrial and agricultural sectors, the copper sulphate market offers investors an exciting opportunity amid an expanding demand dynamic. Copper is an essential mineral commonly found in our environment, foods and water. The recommended dietary amount of copper for adults is 900 micrograms per day.

Copper sulphate is produced by heating copper and sulphuric acid. The four most popular formulations are basic copper sulphate, copper sulphate monohydrate, copper sulphate anhydrous and copper sulphate pentahydrate.

Copper sulphate pentahydrate — often referred to simply as “copper sulphate” — is the most common formulation, comprising 25.47 percent copper, 38.47 percent sulphate and 36.06 percent water. It dissolves in water and methanol, but not in ethanol.

Keep reading...Show less

Latest Press Releases

Related News