Latin Metals Defines Second Copper-Molybdenum Anomaly at the Lacsha Project, Peru
Latin Metals Defines Second Copper-Molybdenum
Anomaly at the Lacsha Project, Peru
NR21-07 June 22, 2021
Vancouver, B.C. – Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS)
(OTCQB: LMSQF) provides an update on exploration at the Company’s 100%-owned Lacsha
copper property (“Lacsha” or the “Project”) located in the Peruvian Coastal Copper Belt. Follow
up results confirm a second copper-molybdenum anomaly over an area of 1.5km by 1.0km
(“Lacsha South”) (Figure 1), adding to the Lacsha North anomaly delineated by previous work
(previous news release NR21-05, May 27, 2021).
Lacsha Talus Sampling
Exploration within the 4,000 -hectare Project has included property -wide rock sampling and
stream sediment sampling, as well as results from 28 talus samples defining Lacsha North.
Recently received analysis from 84 additional talus samples have delineate d a larger 1.5km by
1.0km area of anomalous copper and molybdenum. Results defining Lacsha South include copper
ranging from 441 to 2,820 ppm and molybdenum ranging from 4.8 to 192.5 ppm (Figure 1). The
anomaly is open to the south. At b oth Lacsha North and South, evidence of porphyry copper
mineralization is observed as chlorite, secondary biotite and sericitic alteration in porphyritic
rocks, locally associated with disseminated chalcopyrite.
Figure 1: Location of copper-molybdenum anomalies defined by recent talus sampling,
location of high priority anomalies, and sampling in progress to the south.
“Staking of the Lacsha Project less than one year ago and forging of agreements with local
communities was followed by a systematic pro gram of mapping and geochemical sampling,”
stated Keith Henderson, the Company’s President and CEO. “We have been successful in
NR21-07 Continued 2 June 22, 2021
delineating two large copper porphyry targets over a short time frame, and we are reaching the
final stages of drill target definition.”
Next Steps
Follow-up sampling has begun to continue sampling to the south, where the Lacsha South
anomaly remains open for expansion. On receipt of results, the total extents of geochemical
anomalies at Lacsha North and South will be fully defined, and geophysical surveys will
commence with the aim of defining drill targets. On completion of drill permitting, the Company
intends to secure a partner to fund drill testing of the targets.
Coastal Copper Belt
The Coastal Copper Belt in Peru is a Cretaceous belt hosting a variety of deposit types including
porphyry, epithermal, VMS and IOCG. Latin Metals’ 100%-owned Lacsha copper -molybdenum
and Auquis copper-gold projects are both located in the northern Lima-Ica portion of the coastal
belt . The Lacsha Project is located approximately 110 km by road from Lima, 40 km from the
coast, and is accessible year-round by paved road.
QA/QC
The work program at Lacsha was designed and is supervised by Eduardo Leon, the Company's
Exploration Manager, who is responsible for all aspects of the work, inc luding the quality
control/quality assurance program, Standard samples has been including in every shipment.
On-site personnel at the project rigorously collect and track samples which are then security
sealed and shipped to ALS laboratory in Lima. Samples used for the results described herein are
prepared and analyzed by multi -element analysis using an inductiv ely coupled mass
spectrometer in compliance with industry standards.
Qualified Person
The technical content of this release has been approved for disclosure by Keith J. Henderson
P.Geo, a Qualified Person as defined by NI 43-101 and the Company’s CEO. Mr. Henderson is not
independent of the Company, as he is an employee of the Company and holds securities of the
Company.
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.
NR21-07 Continued 3 June 22, 2021
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]
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Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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without limitation, statements regarding the negotiation of the Option Agreements and exercise of the Option for the Properties,
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NR21-07 Continued 4 June 22, 2021
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