Business
Yamana Commences Drill Program at Latin Metals’ Organullo Gold Project, Salta Province, Argentina
VANCOUVER, British Columbia, Nov. 19, 2019 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS) (OTCQB: LMSQF) provides an upda
About this update from Latin Metals Inc
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 19, 2019 (GLOBE NEWSWIRE) -- Latin Metals Inc. (\"Latin Metals\" or the \"Company\") - (TSXV: LMS) (OTCQB: LMSQF) provides an update on the Organullo Property (“Organullo” or the “Property”), located in Salta Province, Argentina. The Organullo Property is 100% owned by Latin Metals. Yamana Gold Inc. (“Yamana”), through a subsidiary, has been granted an option (the “Option”) to acquire an initial 70% interest in the Property (see news release dated October 22, 2018). During 2019, Yamana funded an extensive mapping, rock sampling and soil sampling program (Figure 1) establishing geochemical anomalies over a strike length of approximately 8km. A diamond drill program has commenced on the Property and Yamana plans to complete approximately 3,300m of diamond drilling for a total of 16 exploration drill holes (Figure 2). Figure 1: Results of Yamana’s 2019 Rock and Soil Sampling Programs Yamana Exploration to Date in 2019 Yamana completed significant work during 2019, including collection of more than 1,000 rock samples, 150 soil samples, and detailed geological mapping over more than 1,000 hectares. Results of rock and soil sampling received from Yamana at the end of Q3 confirm the existence of a geochemical anomaly over approximately 8km strike length, with the highest-grade surface samples clustered over a 3.5km strike length over Organullo Ridge and the NW Target. Individual rock samples in this area range from below detection up to 8.94 g/t gold. Soil sampling was utilized as a screening tool in select areas where rock outcrop is scarce. A number of anomalies were identified by soil sampling including the South Extension area where soil samples range from below detection up to 1.26 g/t gold. More than 2,000m of historical drill core has been re-logged and more than 80 samples collected and analyzed by Terraspec®. Drill core logging focused on characterization of high-grade and low-grade zones. Yamana commenced drilling following the issuance of a drill permit and water use permit, with a total of 16 drill holes planned for approximately 3,300m. The majority of drill holes will be located on Organullo Ridge, testing a strike length of approximately 1,100m, with a single exploratory drill hole planned for the NW Zone (Figure 2). Areas slated for future exploration include the...