Latin Metals and Daura Gold Agree to Option Terms for Cerro Bayo and La Flora Projects, Santa Cruz Province, Argentina

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[{"type":"text","content":"Latin Metals and Daura Gold Agree to Option Terms for Cerro Bayo and La Flora Projects, Santa Cruz Province, Argentina\n\n\n\n VANCOUVER, British Columbia, Nov. 03, 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 is pleased to announce that it has entered into a binding Letter Agreement (\"\n \n Agreement”\n \n ) with Daura Gold Corp. (\"\n \n Daura\n \n \") (TSX.V: DGC) under the terms of which, Daura can earn up to an 80% interest in the Cerro Bayo (\"\n \n Cerro Bayo\n \n \") and La Flora projects (together the \"\n \n Properties\n \n \").\n \n\n\n\n Option Terms\n \n\n\n\n Daura will be granted the option (the \"\n \n Option\n \n \") to earn a 75% undivided interest in the Properties for a period (the \"\n \n Option Period\n \n \") of 38 months from the date of execution and delivery (the \"\n \n Effective Date\n \n \") of the Letter Agreement.\n \n\n To exercise the Option, Daura must make aggregate payments of US $1,700,000 to Latin Metals, assume payments of US $400,000 to the Underlying Vendor (as defined below), complete exploration work commitments, and prepare and deliver to Latin Metals a report prepared in accordance with Form 43-101F1 on the Properties (the \"\n \n Technical Report\n \n \"), addressed to Latin Metals and containing a mineral resource estimate on the Properties.\n \n\n Irrevocable work commitments to be completed on or before April 30, 2026, are 50-line km of IP profiling, 150-line km of gradient array IP, and 1,500 meters of drilling. A total of 28,000m of drilling must be completed prior to the exercise of the Option.\n \n\n\n Keith Henderson, CEO of Latin Metals Inc., stated:\n \n\n\n \"Partnering with Daura Gold on the Cerro Bayo and La Flora projects demonstrates the continued success of our prospect generator model. Daura brings both financial strength and a strong technical team, enabling meaningful exploration in one of Argentina’s most prolific precious metal belts. This agreement ensures our shareholders retain exposure to potential discovery while minimizing dilution.\"\n \n\n\n Mark Sumner, President of Daura Gold Corp., commented:\n \n\n\n \"Cerro Bayo and La Flora strengthen Daura Gold’s existing Peruvian portfolio with these properties in the Desea...

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