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Latin Metals Stakes Three New Copper Exploration Projects, Coastal Copper Belt, Peru
VANCOUVER, British Columbia, Dec. 07, 2021 (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, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) OTCQB: LMSQF) announces that it has acquired a 100% interest in three copper exploration projects totaling 5,000 hectares, located in the Coastal Copper Belt, Peru. The three projects (Loli, Tillo, and Para) (the “Projects”) are located approximately 130km southwest of the Company’s Lacsha copper project, where recent exploration has identified extensive copper mineralization at surface and where the Company expects to complete an IP survey in January 2022 (Figure 1). The Projects were acquired by staking following completion of an extensive regional stream sediment survey, screening approximately 480 km2. The areas were selected based on consistent copper anomalies and geological similarities to the Lacsha - Yanba projects area. “We are delighted to further expand our footprint in this new portion of Peru’s Coastal Copper Belt,” stated Keith Henderson, President and CEO, “We continue to have success using regional screening tools to identify areas that we can acquire 100% through low-cost claim staking.” Stream Sediment Survey Details The Company has completed a stream sediment survey covering 480 km2 with 82 samples. With Copper values range from 28 ppm to 297 ppm located on open ground, the 11 catchments with the highest Copper values ranges from 138 -297ppm. Claims were staked based on clusters of anomalous stream sediments at Loli, Tillo and Para Projects. Next Steps Latin Metals is currently in discussions with the local communities who hold the surface rights, following which the Company expects to begin systematic surface exploration. As was the case at Lacsha, a talus 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 hosting a variety of deposit types including Porphyry, Epithermal, VMS and IOCG. Latin Metals’ 100%-owned Lacsha copper-molybdenum, Yanba copper-molybdenum, and Auquis copper-gold projects 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 Manager, who is responsible for all aspects of the work, including the quality control/quality assurance program. ...