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AngloGold Ashanti Terminates Option for Organullo Gold Project, Salta Province, Argentina
VANCOUVER, British Columbia, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. (" Latin M...
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[{"type":"text","content":"AngloGold Ashanti Terminates Option for Organullo Gold Project, Salta Province, Argentina\n\n\n\n VANCOUVER, British Columbia, Oct. 30, 2025 (GLOBE NEWSWIRE) --\n \n Latin Metals Inc.\n \n (\"\n \n Latin Metals\n \n \" or the \"\n \n Company\n \n \") -\n \n (TSXV: LMS)\n \n\n (OTCQB: LMSQF)\n \n announces that AngloGold Argentina Exploraciones S.A. (\"\n \n AngloGold\n \n \"), a wholly owned subsidiary of AngloGold Ashanti plc, has provided Latin Metals with 90 days written notice (\"\n \n Notice\n \n \") of its intention to terminate its option agreement (the \"\n \n Option\n \n \") to acquire an up to 80% interest in the Organullo (\"\n \n Organullo\n \n \" or the \"\n \n Project\n \n \"), Ana Maria and Trigal properties.\n \n\n The Notice, dated October 29, 2025, provides for a termination effective January 27, 2026. The Phase I drill program for Organullo (see previous news release dated September 29, 2025) will not proceed. AngloGold Ashanti’s decision to withdraw from the Organullo agreement arises as a result of a change by AngloGold Ashanti in its global Greenfields Exploration strategy.\n \n\n Keith Henderson, President and CEO of Latin Metals, commented:\n \n\n \"Organullo remains a 100%-owned, fully drill-permitted, gold exploration project with multiple untested targets prospective for both high-sulphidation gold and porphyry copper-gold mineralization. Gold prices in 2025 have exceeded US$4,000 per ounce, a substantial increase from US$1,800 per ounce in 2022 when the option agreement was signed. This significant change in market conditions strengthens our confidence in attracting a new partner to advance this high-potential project.\"\n \n\n Mr. Henderson added:\n \n\n \"From a technical standpoint, the drill targets at Organullo were considered a high priority for AngloGold, and the decision to withdraw from the Organullo agreement is a result of a recent change to AngloGold's global Greenfields Exploration strategy. Their exploration model drew comparisons between Organullo’s geological setting and that of Salares Norte in Chile—a high-grade, Tier One gold deposit owned by Gold Fields Limited.\"\n \n\n During the Option period, AngloGold was targeting a multi-million-ounce, Tier 1 discovery at Organullo and defined multiple high-priority drill targets, including three previously unexplor...