Latin Metals Acquires Terraza Copper Project Juyay Province, Argentina
Latin Metals Acquires Terraza Copper Project
Juyay Province, Argentina
NR24-01 January 23, 2024
Vancouver, B.C. – Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) (OTCQB:
LMSQF), a leading mineral exploration company in South America, announces acquisition by
staking of the 68,000-hectare Terraza copper exploration project (Figures 1 and 2) in northwest
Argentina. Latin Metals’ is a first mover in exploring sediment-hosted copper deposits in this
emerging belt and, with this acquisition, increases its ground holding to more than 500,000
hectares.
Figure 1: Location of the newly acquired Terraza Project (purple highlights),
together with Mirador, Solario and Ventana Projects,
and location of key prospective stratigraphy in the region.
Latin Metals’ exploration efforts in northwest Argentina are focused on understanding and
unlocking the potential for sediment-hosted copper deposits in this emerging belt. The first step
is a large-scale drainage survey where the Company hopes to take more than 1,500 samples,
essentially screening and prioritizing the entire 500,000-hectare land position. This ‘boots on the
NR24-01 Continued 2 January 23, 2024
ground’ approach is what emerging belts need the most, and the drainage samples will be
accompanied by systematic prospecting, mapping and sampling of mineralized outcrops.
Work to date has included 196 stream sediment samples covering approximately 60% of the
Mirador copper project. Sample pulps have been prepared by a commercial laboratory, but
analysis using the Company’s portable XRF has been delayed by unscheduled equipment service
by the manufacturer. Analysis of mineralized rock samples at Mirador is ongoing with results
expected in due course.
Figure 2: Overview of Latin Metals’ copper interests in Argentina, including the newly
acquired Terraza copper project in Juyay Province, the Solario, Ventana and Mirador
copper projects in Salta Province, and the advanced Esperanza copper-gold porphyry
project in San Juan Province.
The Company has uploaded a technical presentation providing more detail on the sediment-
hosted copper exploration projects in Argentina, which can be downloaded here.
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
NR24-01 Continued 3 January 23, 2024
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.
QA/QC
The work programs at Terraza are designed and supervised by Eduardo Leon, the Company's
Exploration Manager, who will be responsible for all aspects of the work, including the quality
control/quality assurance of the following programs.
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: [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
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 Option Agreements and exercise of the Option for the Properties,
the anticipated content, commencement, timing and cost of exploration programs in respect of the Properties 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",
NR24-01 Continued 4 January 23, 2024
"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-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 C ompany
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.
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