AngloGold Ashanti to Commence Drilling at Organullo Gold Project, Salta Province, Argentina
AngloGold Ashanti to Commence Drilling
at Organullo Gold Project, Salta Province, Argentina
NR25-16 September 29, 2025
Vancouver, B.C. – Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS)
(OTCQB: LMSQF) is pleased to announce that AngloGold Argentina Exploraciones S.A.
("AngloGold Ashanti"), a wholly owned subsidiary of AngloGold Ashanti plc (NYSE: AU) plans to
begin drilling at the Organullo Gold Project ("Organullo" or the ("Project"), in Salta Province,
Argentina. AngloGold Ashanti has an option (the "Option") to earn up to an 80% interest in the
Company’s Organullo, Ana Maria, and Trigal Gold projects. This Phase I program will consist of
10 drill holes and approximately 6,000m. The Company expects first drill results to be available
in Q1 2026 (Figure 1).
Keith Henderson, President & CEO of Latin Metals, commented “Organullo is one of the
most compelling untested gold exploration targets in South America and a high priority
greenfields exploration project for AngloGold Ashanti . We are pleased to see AngloGold
Ashanti moving the project into the drilling phase, which represents a significant milestone
for the Project and for Latin Metals shareholders. This d rill program will provide the first
real test of this potentially large-scale gold system.”
Figure 1: Organullo project highlighting AngloGold Ashanti’s three target areas,
permitted drill holes, historical drill holes, and the recently acquired Malena VII property.
NR25-16 Continued 2 September 29, 2025
AngloGold Ashanti Planned Drilling
AngloGold Ashanti is targeting a multi -million-ounce, Tier 1 discovery using Salares Norte as a
technical analogy ( Gold Fields Limited, proven and probable reserve (2024) ; 3.4Moz grading
5.36 g/t gold) . Three previously unexplored, advanced argillic alteration zones have been
identified for initial testing, along a 6km-long strike length. District-scale geophysical anomalies,
structural interpretation, surface geochemical data and hyperspectral data further support the
potential for discovery of gold mineralization.
Readers are cautioned that the Salares Norte gold deposit analogy mentioned above is located
in Chile and that Latin Metals has no interest on or right to acquire any interest in the deposit,
and that mineral deposits on similar properties, and any production therefr om or economics
thereto, are not in any way indicative of mineral deposits at Organullo or the potential production
from, or cost or economics of, any future mining of any of Latin Metals’ mineral properties.
Malena VII Acquisition
The Company also reports that following an application submitted to the mining authorities in
Salta Province, the Company has secured rights to the Malena VII mining property (“Malena VII”)
(Figure 1). Malena VII is contiguous with the recently acquired Malena VI property (previous
news release dated July 28, 2025) and the existing Organullo gold project, and will form part of
the properties included in the existing Option with AngloGold Ashanti.
Qualified Person
Eduardo Leon, QP, 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. Leon is not independent of the Company, as he is an
officer of the Company and holds securities of the Company.
About Latin Metals
Latin Metals Inc. is a copper, gold and silver exploration company operating in Peru and Argentina
under a prospect generator model, minimizing risk and dilution while maximizing discovery
potential. With 18 projects, the company secures option agreements with major mining
companies to fund exploration. This approach provides early-stage exposure to high-value
mineral assets.
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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-
NR25-16 Continued 3 September 29, 2025
metals.com) and its Canadian regulatory filings on SEDAR+ at www.sedarplus.com.
For further information, please contact:
Keith Henderson
Suite 890 - 999 West Hastings Street,
Vancouver, BC, V6C 2W2
E-mail: [email protected]
Elyssia Patterson, VP Investor Relations
Email: [email protected]
Phone: 778-683-4324
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, 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.
NR25-16 Continued 4 September 29, 2025
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.
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