Latin Metals Identifies Geophysical Anomalies at Cerro Bayo, Santa Cruz, Argentina.
Latin Metals Identifies
Geophysical Anomalies
at Cerro Bayo, Santa Cruz, Argentina.
NR25-03 March 2, 2025
Vancouver, B.C. – Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS)
(OTCQB: LMSQF) is pleased to announce the identification of significant geophysical anomalies
at its Cerro Bayo project (“Cerro Bayo” or the “Project”), located in the Deseado Massif, Santa
Cruz Province, Argentina. The Company has completed purchase of historical exploration data
collected by a previous operator at the project, including a 130-line-km gradient array Induced
Polarization (“IP”) geophysical survey.
The survey highlights pronounced chargeability and resistivity anomalies, spatially associated
with historical drill targets identified by Barrick, and there is a strong correlation of chargeability
anomalies with previously mapped mineralized structures. Im portantly the anomalous
geophysical trends are open to the northwest (Figure 1).
Figure 1: Interpretation of gradient array IP data at Cerro Bayo showing chargeability (left) and resistivity (right)
anomalies coincident with mapped mineralized veins and open to the northwest.
NR25-03 Continued 2 March 2, 2025
Geophysical survey interpretation
Gradient array IP is a well-established geophysical technique widely used in the exploration of
low-sulfidation epithermal vein deposits, such as those found in the Deseado Massif. In these
environments, chargeability anomalies typically indicate the presence of sulfide mineralization,
while high resistivity values are often associated with quartz-rich and chalcedonic vein systems.
Coincident high chargeability and high resistivity is the classic geophysical signature that
geophysicists want to see in the Deseado Massif. We see this geophysical signature at Cerro
Bayo (Figure 1) where outcropping structures and veins correlate well with high chargeability and
high resistivity zones. The trend seen in the outcrops and the geophysical data is N30W, which
is not only observed at Cerro Bayo, but also at other exploration projects and producing mines in
the Deseado massif.
Notably, the Eugenia and Gabriela target areas—historically outlined by Barrick—align with the
highest-intensity geophysical anomalies. Additionally, while the historical survey covers only a
portion of the Cerro Bayo property, all major anomalies remain open to the northwest,
suggesting further potential. New exploration targets, including the Julia/Elena and Lara zones,
have also emerged, revealing unrecognized strike extensions that warrant additional follow-up.
Cerro Bayo and Regional Significance
C
erro Bayo is situated within the highly prospective Deseado Massif, a prolific mining region
known for its world-class gold and silver deposits. The area has a strong history of mining activity
and hosts several producing and past- producing mines, underscoring its significant exploration
potential.
The mineralization at Cerro Bayo is consistent with epithermal gold -silver systems, which have
yielded high-grade deposits across the region. Latin Metals’ exploration efforts at the project
benefit from an extensive historical dataset compiled by previous operators, including Barrick
Gold, providing a strong foundation for ongoing and future work.
Argentina’s mining sector continues to attract growing foreign investment, driven by its rich
mineral endowment and an evolving regulatory framework. The Santa Cruz province, in
particular, plays a key role in the country’s gold and silver production. Lati n Metals’ Cerro Bayo
and La Flora projects align with this broader industry trend, reflecting the Company's
commitment to systematic exploration and value generation through strategic partnerships.
Latin Metals’ recent exploration work at Cerro Bayo builds on Barrick’s historical data. In late
2024, the Company expanded mapping efforts at Cerro Bayo and initiated exploration at La Flora
for the first time. This work has standardized lithological inte rpretations across both areas,
reinforcing the potential for further discoveries.
Latin Metals Attends PDAC 2025 – Booth #2329
Latin Metals is currently attending PDAC 2025 in Toronto from March 2 -5, 2025, engaging with
investors and industry leaders to discuss its prospect generator model and exploration projects
in Argentina & Peru. Visit us at Booth #2329 or schedule a meeting at [email protected]
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
NR25-03 Continued 3 March 2, 2025
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.
Stay up-to-date on Latin Metals developments by joining our online communities on X, Facebook,
LinkedIn and Instagram.
QA/QC
The geophysical survey conducted over a total of 133 linear kilometers following a southwest to
northeast orientation (N50E). Within the Project, the surveyed lines range in length from 380
meters to 7.9 kilometers, with a separation of 250 meters between each line. Th e geophysical
survey was executed utilizing an IP transmitter IRI VIP 3000 (3.0 kW), with electrodes deployed
in direct contact with the ground via stainless steel rods. The survey employed a Gradient Array
configuration, featuring a 25 -meter spaced Dipole, with Bipole lengths set at 2 ,000 and 3,000
meters per designated zone.
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.sedarplus.com.
For further information, please contact:
Keith Henderson
Suite 890 - 999 West Hastings Street,
Vancouver, BC, V6C 2W2
Phone: 604-638-3456
E-mail: [email protected]
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
NR25-03 Continued 4 March 2, 2025
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 a chieved. 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-l ooking 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 o btain 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.
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