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Latin Metals Reports IP Survey Results at Lacsha Project, Peru
VANCOUVER, British Columbia, June 09, 2022 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) OTCQB: LMSQF) is pleased to ann
About this update from Latin Metals Inc
[{"type":"text","content":" VANCOUVER, British Columbia, June 09, 2022 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) - (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). “The recently received IP data is the final layer of data that we will use to define drill targets. Combined with magnetic data and surface geochemistry, we see a relatively simple suite of anomalies that define four significant drill targets,” stated Keith Henderson, Latin Metals’ President & CEO. “Surface chip channel sampling completed in Q1 defined consistent mineralization including 52m grading 0.38% copper and 237ppm molybdenum. While these grades are excellent, the IP chargeability data points to peak chargeability below surface at approximately 100m from surface. The project will need to be drilled to establish whether chargeability is related to copper mineralization.” Interpretation of Exploration Results Surface lithology, structure and geochemistry together with new geophysical data at Lacsha are consistent with porphyry-related sulphide mineralization and strengthen a series of compelling drill targets (Figure 1): The ground magnetic survey identified several zones with highly magnetic response, which are interpreted to be associated with magnetite mineralization within a central porphyry potassic alteration. The recently completed IP survey defined extensive areas of high chargeability (>20 mv/v), which is a signature often associated with sulphide mineralization. The cores of these anomalies reach 25 mv/v at depths of approximately 100m from surface and potentially reflect copper sulphide mineralization. Areas of high resistivity (>2,000 ohm*m) are consistent with silicification (overlying a vertically zoned porphyry system. Inte...