Latin Metals Discovers High-Grade Copper Mineralization at 100%-Owned Para Project, Peru Extends Land Position by 1,300 Hectares
Latin Metals Discovers High-Grade Copper
Mineralization at 100%-Owned Para Project, Peru
Extends Land Position by 1,300 Hectares
NR23-05 February 14, 2023
Vancouver, B.C. – Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS)
OTCQB: LMSQF) announces that it has discovered zones of high-grade copper mineralization at
the Company’s 100%-owned Para project, located in the Coastal Copper Belt. This is the first
exploration completed on this new copper exploration project. Latin Metals staked the property,
and following engagement with local communities, we have been able to move forward with
exploration.
Latin Metals’ initial work focused on geochemical sampling of talus fines for a total of 56
geochemical samples. Within the project, the results of talus sampling have been very positive.
Anomalous copper analysis ranges from 251 ppm to a peak of 1,505 ppm copper, with supporting
molybdenum mineralization up to 46 ppm (Figure 1) (Image 1).
Two zones of anomalous samples have been delineated, including the largest zone, which
measures approximately 2,000m x 1,000m in area. The geochemical anomalies are open to the
northwest, and as a result, Latin Metals has staked an additional 1,300 hectares for a new total
of 1,900 hectares.
Figure 1. Location of Para Copper Project (left) and results of talus sampling survey, showing two primary
anomalous zones highlighted with red dashed line. Newly staked claims are shown also.
NR23-05 Continued 2 February 14, 2023
Image 1. Exploration at Para Copper Project
Next Steps
The talus survey will now be extended to the newly staked area so that we can generate a
complete picture of the property. Concurrently, a program of detailed rock chip sampling and
geological mapping will be completed. Additional surveys are expected to begin in Q2.
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 has six 100% -owned copper exploration
properties in the Coastal Belt. The Company’s Lacsha copper-molybdenum project is drill ready
and fully permitted for drilling. The Auquis copper-molybdenum-gold project is being actively
explored and is expected to be drill ready in 2023. The Company recently released initial positive
results from the Tillo Copper-molybdenum project.
Corporate Update Webinar
On Thursday, February 16, 2023, at 10:00 a.m. PT / 1:00 p.m. ET, the Company will host a live
corporate update and will provide an overview of Latin Metals, its projects in South America and
its goals for the coming year.
A live question-and-answer period will follow this for investors, analysts, and media.
Webinar Details
Date: Thursday, February 16, 2023
Time: 10:00 a.m. PT / 1:00 p.m. ET
Speaker: Keith Henderson, CEO of Latin Metals Inc.
Registration Link: https://meet.zoho.com/W7CE9ctAr2
After registering, you will receive a confirmation email containing information about joining the
webinar.
NR23-05 Continued 3 February 14, 2023
QA/QC
The work program at Para was designed and supervised by Eduardo Leon, the Company's
Exploration Manager, who is responsible for all aspects of the work, including the quality
control/quality assurance program. Talus samples were collected in a sample area of 40 cm by
40 cm, and sample spacing on the property is 300m to 350m. On-site personnel at the project
rigorously collect and track samples which are then security sealed and shipped to the ALS
laboratory in Lima. Samples used for the results described herein are prepared and analyzed by
multi-element analysis using an inductively 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 e xposure to the upside of a
significant discovery without the dilution associated with funding the highest-risk drill-based
exploration.
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.
NR23-05 Continued 4 February 14, 2023
Cautionary Note Regarding Forward-Looking Statements
This n ews 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 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",
"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 ta ken 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 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 th e Company
to obtain any necessary permits, consents or authorizations required, including TSX-V acceptance for filing of the Option
Agreements, 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 "Risk
Factors" in the Company's latest Management 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.
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.