TSXV: LMS) (OTCQB: LMSQF) announces that it has acquired a 100% interest in the Yanba copper exploration project, Coastal Coper Belt, Peru. The 4000 hectare Yanba Project (âYanbaâ) is located near the Company’s Lacsha Copper Project (âLacshaâ) (Figure 1), where recent exploration has identified significant surface copper mineralization and where the Company expects to finalize the drilling targets by the end of the year.
The Yanba acquisition was completed after the completion of a large regional stream sediment survey, examining approximately 200 km 2 . The area was selected for staking due to constant copper anomalies and geological similarities with the nearby Lacsha project.
Figure 1. Map showing the newly acquired Yanba copper project as well as the extent of the regional stream sediment survey, which identified the target area. The map also shows the location of the Company’s Lacsha copper project as well as the land positions controlled by Newmont, Hochschild and others.
âWe are delighted to expand our land position in this key part of Peru’s coastal copper belt. Said Keith Henderson, President and CEO, âWe acquired the Lacsha copper project in 2020 after the completion of a stream sediment survey in the area, and subsequent work resulted in the discovery of significant copper mineralization at the surface. In Yanba, we did not deviate from this methodology – we screened 200km 2 with geochemistry and the results indicated a central area of ââcopper anomalies, which we have now acquired.
Mr. Henderson continued, âWe are using these regional screening tools to identify areas that we can acquire 100% through low cost claim staking and we will continue to stake new projects when the results of regional exploration are available. positive. In doing so, we maintain a healthy portfolio of projects on which we can complete the initial exploration before seeking out joint venture partners. ”
Yanba Creek Sediment Survey
The Company completed a stream sediment survey covering 200 km 2 with 35 samples. Copper values ââvary from 28 ppm to 139 ppm, with anomalies in 7 contiguous watersheds and anomalous areas 3 times higher than the bottom. This geochemical anomaly led to the prioritization of this area, as well as geological similarities with Lacsha.
Latin Metals is currently in talks with the only local community that owns 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 and 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 in finding joint venture partners to fund 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 .
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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 securities laws in Canada and the United States, 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, the expected 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 will be able to enter into agreements to acquire interests in additional mineral properties, discovery and delineation of mineral deposits / resources / reserves on the pr operations, and the business plans and schedule of future activities of the Company, are in advance of forward-looking statements. While 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 sentences that refer to certain actions, events or results which may, could, could, could or will occur or be taken or attained. In making the forward-looking statements in this press release, the Company has applied several material assumptions, including, but not limited to Therein, 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 financing at condi appropriate 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 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 âProgramsâ), the actual results of exploration activities, including 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 economic conditions general, changes in financial markets and in commodity market demand and price es, possible variations in the grade or recovery of ore rates, possible failures of plants, equipment or processes to operate as an unforeseen event, accidents, labor disputes and other risks of the mining industry, delays or inability of the Company to obtain the necessary permits, consents or authorizations, including acceptance on the TSX Venture Exchange for the filing of option agreements, any acquisition of current or future ownership, financing or other activities planned, 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 pending litigation, environmental issues and responsibilities, risks associated with joint venture operations and risks associated with the integration of acquisitions, as well as the factors discussed under the heading âRisk Factorsâ in the Company’s latest MD&A and other documents filed by the Company with the Canadian securities regulators, copies of which may be 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 does not undertake to update any forward-looking information contained in this press release or incorporated by reference herein.