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Latin Metals Discovers High-Grade Copper Mineralization at 100%-Owned Para Project, Peru
VANCOUVER, British Columbia, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) OTCQB: LMSQF) announces that it
About this update from Latin Metals Inc
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 14, 2023 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) OTCQB: LMSQF) announces that it has discovered zones of high-grade copper mineralization at the Company’s 100%-owned Para project, located in the Coastal Copper Belt. This is the first exploration completed on this new copper exploration project. Latin Metals staked the property, and following engagement with local communities, we have been able to move forward with exploration. Latin Metals’ initial work focused on geochemical sampling of talus fines for a total of 56 geochemical samples. Within the project, the results of talus sampling have been very positive. Anomalous copper analysis ranges from 251 ppm to a peak of 1,505 ppm copper, with supporting molybdenum mineralization up to 46 ppm (Figure 1) (Image 1). Two zones of anomalous samples have been delineated, including the largest zone, which measures approximately 2,000m x 1,000m in area. The geochemical anomalies are open to the northwest, and as a result, Latin Metals has staked an additional 1,300 hectares for a new total of 1,900 hectares. Figure 1. Location of Para Copper Project (left) and results of talus sampling survey, showing two primary anomalous zones highlighted with red dashed line. Newly staked claims are shown also. Image 1. Exploration at Para Copper Project Next Steps The talus survey will now be extended to the newly staked area so that we can generate a complete picture of the property. Concurrently, a program of detailed rock chip sampling and geological mapping will be completed. Additional surveys are expected to begin in Q2. 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 has six 100%-owned copper exploration properties in the Coastal Belt. The Company’s Lacsha copper-molybdenum project is drill ready and fully permitted for drilling. The Auquis copper-molybdenum-gold project is being actively explored and is expected to be drill ready in 2023. The Company recently released initial positive results from the Tillo Copper-molybdenum project. Corporate Update Webinar On Thursday, February 16, 2023, at 10:00 a.m. PT / 1:00 p.m. ET, the Company will host a live corporate update and will pro...