Latin Metals Announces Positive Exploration Results from the La Flora and Cerro Bayo Precious Metals Projects, Santa Cruz Province, Argentina La Flora Returns Rock Sample Grade up to 14.88 g/t Gold (Ranging from 0.34 g/t Gold to 14.88 g/t Gold)
Latin Metals Announces Positive Exploration Results
from the La Flora and Cerro Bayo Precious Metals Projects,
Santa Cruz Province, Argentina
La Flora Returns Rock Sample Grade up to 14.88 g/t Gold
(Ranging from 0.34 g/t Gold to 14.88 g/t Gold)
NR19-09 September 5, 2019
Vancouver, B.C. – Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS) (OTCQB:
CTMID) announces that it has completed initial exploration at the La Flora (“ La Flora ”) and
Cerro Bayo (“Cerro Bayo ”) gold projects (together the “ Projects”), located in Santa Cruz
Province, Argentina. Latin Metals has an option to acquire up t o a 100% interest in the La Flora
and Cerro Bayo properties by way of staged cash and common share payments, subject to a net
smelter returns royalty in favour of the underlying vendor (news release dated March 8, 2019).
The Projects form part of a larger land package of prospective gold and silver exploration
properties in Santa Cruz, which are held under option and total more tha n 30,000 hectares in
area.
The La Flora and Cerro Bayo properties are located close to three precious metals prospects,
which have been subject to recent active exploration ( Figure 1 ); Virginia Project (Mirasol
Resources Ltd. ), San Augustine Oeste Project (Hochschild Mining), and the Verde Project
(Yamana Gold). The exploration target for Latin Metals at the Projects is epithermal, bonanza-
style vein gold and silver mineralization
La Flora Exploration and Results
Five rock samples taken by Latin Metals during recent exploration returned very encouraging
results ranging from 0.35 g/t gold to 14.88 g/t gold ( Table 1). These results reflect sampling at
two mineralized zones, located approximately 6km apart.
Table 1: Results from Initial Rock Sampling at La Flora Project
Sample Mineralized Zone Gold (g/t) Silver (g/t)
029
East Zone
14.88 55.8
030 10.05 39.8
031 0.35 27.6
032 West Zone 0.61 21.4
033 3.68 8.7
NR19-09 Continued 2 September 5, 2019
The occurrence of high -level epithermal vein textures at La Flora, together with reported
bonanza gold and silver grades, suggest excellent potential for discovery of an intact low to
intermediate sulphidation epithermal precious metal vein system, at dept h or along strike from
the identified mineralization.
The La Flora property is approximately 50 square kilometers in area. The East Zone of
mineralization is characterized by a prominent ridge and upstanding linear silicified structures.
A second sub -parallel structure was observed 100m to the west. The West Zone ( Plate 1) is
characterized by a vein accompanied by an anasto mosing network of narrow veins, with sub-
crop and float of epithermal quartz vein material.
Plate 1: La Flora West Zone. Photo 31 - banded crustiform-colloform, crystalline-chalcedonic
quartz vein. Photo 32 - Crystalline quartz replacing bladed calcite/barite
Evidence in the field suggests that prospects within the property have been sampled previously
by at least two operators, and diamond cut channel samples were observed at two mineralized
prospects. In addition, two reverse circulation drill collars were o bserved just outside the
concession boundary but oriented towards mineralized structures within the concession. The
claims surrounding La Flora are currently owned by Mirasol Resources and Hochschild Mining.
Cerro Bayo Exploration and Results
Five roc k samples taken by Latin Metals returned e ncouraging results ranging from 0.08 g/t
gold to 1.55 g/t gold, and from 5.1 g/t silver to >100 g/t silver ( Table 2). These results reflect
sampling at mineralized zones, located approximately 7km apart.
Table 2: Results from Initial Rock Sampling at Cerro Bayo Project
Sample Mineralized Zone Gold (g/t) Silver (g/t)
034
Cerro Bayo Oeste
0.36 54.6
035 1.55 >100
036 0.16 8.8
037 0.67 >100
038 Los Amigos 0.08 5.1
NR19-09 Continued 3 September 5, 2019
The occurrence of a preserved chalcedonic-micro-crystalline silica cap at the Los Amigos Zone
indicates a preserved, high-level epithermal system, with potential for additional mineralization
at depth or along strike. As a result, the Los Amigos Zone ( Plate 2 ) is the priorit y target for
follow-up. Coarse, crystalline quartz veins at Cerro Bayo Oeste is characteristic of a moderate
to deep epithermal environment, which interpretation potentially down-grades this target.
The Cerro Bayo project is approximately 80 square kilometres in area. The higher priority
Amigos Zone is characterized by outcrops of silicified rhyolite with fine -grained, crystalline
drusy quartz associated with illite -sericite alteration, together with silicified st ructures and
chalcedony veins. A prominent summit comprises a preserved silica cap with common jarosite
and haematite.
Plate 2: Los Amigos Zone. Photo 45 – massive and brecciated chalcedonic-microcrystalline
silica. Photo 46 – fine-bedded chalcedonic-microcrystalline silicified tuff or sediments.
The Cerro Bayo project was previously explored and drilled by Exeter Resources and also by
Mariana Resources (now New Dimension Resources) in joint venture with Hochschild Mining.
Future Work
Both La Flora and Cerro Bayo have indications of economic potential and have been prioritized
for additional exploration. Next steps at both projects will be detailed mapping and sampling to
identify and test all outcropping mineralized zones on the property, with a view to generating
drill targets within the coming 6 to 12 months.
Quality Assurance / Quality Control
Exploration was supervised by Richard A Jemielita PhD of Mineral Exploration Consulting Ltd.
(UK). Samples were collected on site and then sealed and shipped to SGS Minerals (“SGS”) for
analysis. SGS's quality system complies with the requirements for the International Standards
ISO 9001:2000 and ISO 17025: 1999.
Qualified Person
Keith J. Henderson, P.Geo., is the Company's qualified person as defined by NI 43-101 and has
NR19-09 Continued 4 September 5, 2019
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.
Figure 1: Location of the La Flora and Cerro Bayo projects, together with other Latin Metals’
projects in Santa Cruz Province, Argentina.
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 are exposed to the
upside of a significant discovery without the dilution associated with funding the highest-risk
drill-based exploration.
Among the Company’s asset portfolio, key assets include the Organullo Gold project; a 100%-
owned property in which Yamana Gold Inc. are earning an initial 70% interest through various
work commitments and cash payments (for additional details, see news release dated October
22, 2018).
NR19-09 Continued 5 September 5, 2019
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 2300
1177 West Hastings Street
Vancouver, BC, V6E 2K3
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, the change of the Company's corporate name, the expected effective
date of the Consolidation and the expected outstanding Shares after the completion of the Consolidation 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. Forward -looking statements are typically identified by words such as:
"believes", "will", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "potential",
"scheduled", or variations of such words and phrases and similar expressions, which, by their nature, refer to future
events or results that may, could, would, might or will occur or be taken or achieved.
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 statements. Such risks and other factors
include, among others, actual results of exploration activities, the fact that the Company's interests in its mineral
properties are only options and there is no guarantee that the interests, if earned, will be certain, requirements for
additional capital, future prices of precious metals, copper-gold and lithium, changes in general economic
conditions, changes in the financial markets and in the demand and market price for commodities, other risks of the
mining industry, the inability to obtain any necessary governmental and regulatory approvals (including TSXV
approval of the name change and the Consolidation), changes in laws, regulations and policies affecting mining
operations, hedging practices and currency fluctuations, as well as those factors discussed under the heading "Risks
and Uncertainties" in the Company's most recent 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.sedar.com.
NR19-09 Continued 6 September 5, 2019
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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