Latin Metals Secures Key Permit to Advance Exploration at Esperanza Copper-Gold Project, San Juan Province, Argentina
Latin Metals Inc. (TSXV: LMS) (OTCQB: LMSQF) has secured a key exploration permit for its Esperanza copper-gold project in San Juan Province, Argentina. This permit allows Moxico Resources plc, which has an option to acquire up to 100% of the Esperanza and Huachi projects, to begin exploration activities including mapping, sampling, and geophysical surveys. Moxico is required to complete a minimum of 5,000m of drilling in the first year of the option.
The Esperanza project is a copper-gold porphyry exploration property with a large system partially defined by initial drilling. Previous drill results include 387 meters grading 0.57% copper and 0.27 g/t gold from surface. The mineralization remains open in all directions. Latin Metals operates with a Prospect Generator model, focusing on acquiring prospective exploration properties and securing joint venture partners to fund advanced exploration.
Latin Metals Inc. (TSXV: LMS) (OTCQB: LMSQF) ha ottenuto un'importante licenza di esplorazione per il suo progetto di rame-oro Esperanza nella provincia di San Juan, Argentina. Questa licenza consente a Moxico Resources plc, che ha l'opzione di acquisire fino al 100% dei progetti Esperanza e Huachi, di avviare le attività di esplorazione, comprese mappatura, campionamento e indagini geofisiche. Moxico è tenuta a completare un minimo di 5.000 metri di perforazione nel primo anno dell'opzione.
Il progetto Esperanza è una proprietà di esplorazione porfirica di rame-oro con un ampio sistema parzialmente definito da perforazioni iniziali. I risultati delle precedenti perforazioni includono 387 metri con un contenuto di 0,57% di rame e 0,27 g/t di oro dalla superficie. La mineralizzazione rimane aperta in tutte le direzioni. Latin Metals opera con un modello di Prospect Generator, concentrandosi sull'acquisizione di proprietà di esplorazione promettenti e sulla ricerca di partner per joint venture in grado di finanziare l'esplorazione avanzata.
Latin Metals Inc. (TSXV: LMS) (OTCQB: LMSQF) ha logrado asegurar un permiso clave de exploración para su proyecto de cobre-oro Esperanza en la provincia de San Juan, Argentina. Este permiso permite a Moxico Resources plc, que tiene la opción de adquirir hasta el 100% de los proyectos Esperanza y Huachi, comenzar actividades de exploración, incluidos mapeo, muestreo y levantamientos geofísicos. Moxico está obligada a completar un mínimo de 5,000 m de perforación en el primer año de la opción.
El proyecto Esperanza es una propiedad de exploración porfirítica de cobre-oro con un gran sistema parcialmente definido por perforaciones iniciales. Los resultados anteriores de perforación incluyen 387 metros con un grado de 0.57% de cobre y 0.27 g/t de oro desde la superficie. La mineralización permanece abierta en todas las direcciones. Latin Metals opera con un modelo de Generador de Prospectos, centrando su atención en adquirir propiedades de exploración prometedoras y asegurar socios de joint venture para financiar la exploración avanzada.
Latin Metals Inc. (TSXV: LMS) (OTCQB: LMSQF)는 아르헨티나 산 후안 주의 에스페란자 구리-금 프로젝트에 대한 주요 탐사 허가를 확보했습니다. 이 허가는 에스페란자 및 와치 프로젝트의 100% 인수를 옵션으로 가진 Moxico Resources plc가 매핑, 샘플링, 지구물리학 조사와 같은 탐사 활동을 시작할 수 있도록 합니다. Moxico는 옵션의 첫해에 최소 5,000미터의 시추를 완료해야 합니다.
에스페란자 프로젝트는 초기 시추에 의해 부분적으로 정의된 대규모 시스템을 가진 구리-금 포피리 탐사 재산입니다. 이전 시추 결과는 표면에서 0.57% 구리 및 0.27 g/t 금 함량을 포함하는 387미터입니다. 광물화는 모든 방향으로 열려 있습니다. Latin Metals는 잠재적인 탐사 재산을 인수하고, 고급 탐사를 위한 자금을 지원할 공동 투자 파트너를 확보하는 데 중점을 둔 프로스펙트 제너레이터 모델로 운영됩니다.
Latin Metals Inc. (TSXV: LMS) (OTCQB: LMSQF) a obtenu un permis d'exploration clé pour son projet de cuivre-or Esperanza dans la province de San Juan, en Argentine. Ce permis permet à Moxico Resources plc, qui a une option pour acquérir jusqu'à 100 % des projets Esperanza et Huachi, de commencer des activités d'exploration, y compris le cartographie, l'échantillonnage et les études géophysiques. Moxico doit réaliser un minimum de 5 000 m de forage au cours de la première année de l'option.
Le projet Esperanza est une propriété d'exploration porphyrique de cuivre-or avec un grand système partiellement défini par des forages initiaux. Les résultats des forages précédents incluent 387 mètres avec une teneur de 0,57 % de cuivre et 0,27 g/t d'or à la surface. La minéralisation reste ouverte dans toutes les directions. Latin Metals fonctionne avec un modèle de générateur de prospects, se concentrant sur l'acquisition de propriétés d'exploration prometteuses et la recherche de partenaires de coentreprise pour financer l'exploration avancée.
Latin Metals Inc. (TSXV: LMS) (OTCQB: LMSQF) hat eine wichtige Explorationszulassung für sein Kupfer-Gold-Projekt Esperanza in der Provinz San Juan, Argentinien, erhalten. Diese Genehmigung ermöglicht es Moxico Resources plc, die die Option hat, bis zu 100% der Projekte Esperanza und Huachi zu erwerben, mit den Erkundungsaktivitäten zu beginnen, einschließlich Kartierung, Probenahme und geophysikalischen Untersuchungen. Moxico ist verpflichtet, im ersten Jahr der Option mindestens 5.000 m Bohrungen abzuschließen.
Das Esperanza-Projekt ist ein Kupfer-Gold-Porphyr-Erkundungsgebiet mit einem großen System, das teilweise durch erste Bohrungen definiert ist. Frühere Bohrergebnisse umfassen 387 Meter mit einem Gehalt von 0,57% Kupfer und 0,27 g/t Gold von der Oberfläche. Die Mineralisierung bleibt in alle Richtungen offen. Latin Metals arbeitet mit einem Prospect Generator-Modell, das sich auf den Erwerb vielversprechender Erkundungsgebiete und die Sicherung von Joint-Venture-Partnern konzentriert, um die fortgeschrittene Erkundung zu finanzieren.
- Secured key exploration permit for Esperanza copper-gold project
- Moxico Resources granted option to acquire up to 100% of Esperanza and Huachi projects
- Moxico required to complete minimum 5,000m of drilling in first year
- Previous drill results show significant copper-gold mineralization (387m @ 0.57% Cu, 0.27 g/t Au)
- None.
VANCOUVER, British Columbia, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) (OTCQB: LMSQF), announces that it has received a key permit to begin exploration activities at the Esperanza project (“Esperanza” or the “Project”).
The Company recently announced that it has entered into a binding Letter Agreement with Moxico Resources plc (“Moxico”) under the terms of which Moxico has been granted an option to acquire up to
Keith Henderson, President & CEO of Latin Metals, stated, "Securing this exploration permit is a pivotal moment for the Esperanza project, reaffirming the strong support from local authorities for advancing exploration in the region. With this permit in hand, the project is now positioned to unlock the significant copper-gold potential that Esperanza offers. Our team’s commitment to responsible exploration, including environmental stewardship and meaningful stakeholder engagement, has been critical in reaching this milestone. We’re excited to move forward and deliver value to our shareholders as we define drill targets and progress the project."
Mr. Alan Davies, CEO of Moxico added, “Receipt of this permit is great news for Moxico as we commence our first phase of exploration work. We look forward to working with the suppliers and service providers in San Juan and to building long-term working relationships in the Province.”
About Esperanza and Huachi
The Esperanza project is a copper-gold porphyry exploration property, where initial drilling has partially defined a large copper-gold porphyry system. A pyrite halo is exposed at surface over an area of 1,400m x 850m, indicating the system's size and potential. Previous drill results include 387 meters grading
Latin Metals holds an option to acquire a
About Latin Metals
Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America. The Company operates with a Prospect Generator model focusing on the acquisition of prospective exploration properties at minimum cost, completing initial evaluation through cost-effective exploration to establish drill targets, and ultimately securing joint venture partners to fund drilling and advanced exploration. Shareholders gain exposure to the upside of a significant discovery without the dilution associated with funding the highest-risk drill-based exploration.
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Qualified Person
Keith J. Henderson, P.Geo., is the Company's qualified person as defined by NI 43-101 and has reviewed the scientific and technical information that forms the basis for portions of this news release. He has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an employee of the Company and holds securities of the Company.
On Behalf of the Board of Directors of
LATIN METALS INC.
“Keith Henderson”
President & CEO
For further details on the Company readers are referred to the Company's web site (www.latin-metals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.
For further information, please contact:
Keith Henderson
Suite 890 - 999 West Hastings Street,
Vancouver, BC, V6C 2W2
Phone: 604-638-3456
E-mail: info@latin-metals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the negotiation of the Definitive Agreement and exercise of the Option for the Property, the anticipated content, commencement, timing and cost of exploration programs in respect of the Property and otherwise, anticipated exploration program results from exploration activities, and the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the Properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company’s Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company’s ability to comply with environmental, health and safety laws.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Properties, including the geological mapping, prospecting and sampling programs being proposed for the Properties (the "Programs"), actual results of exploration activities, including the Programs, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading as well as those factors discussed under the heading “Risk Factors” in the Company’s annual management’s discussion and analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company’s profile on the SEDAR+ website at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward looking statements. Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein.
FAQ
What exploration permit did Latin Metals (LMSQF) secure for the Esperanza project?
What is the agreement between Latin Metals (LMSQF) and Moxico Resources for the Esperanza project?
What are the notable previous drill results from the Esperanza project owned by Latin Metals (LMSQF)?
What is Latin Metals' (LMSQF) business model for mineral exploration?
