Latin Metals Discovers High-Grade Copper Mineralization at 100%-Owned Tillo Project, Peru
Latin Metals Discovers High-Grade Copper
Mineralization at 100%-Owned Tillo Project, Peru
NR23-03 January 30, 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 2,000-hectare, 100%-owned Tillo project, located in Peru’s Coastal Copper Belt.
This is the first exploration completed on this new copper project and Latin Metals’ work has
begun with geochemical sampling of soils and talus fines for a total of 253 geochemical samples.
Several zones of anomalous samples have been delineated, including the largest zone which
measures approximately 2,500m x 1,000m in area. Within this zone, copper values range from
250 ppm to a peak of 1,050 ppm copper, with supporting molybdenum mineralization (Figure 1).
Figure 1. Location of Tillo Copper Project (left) and results of soil / talus sampling survey,
showing multiple anomalous zones and highlighting a 2,500m x 1,000m anomaly with red dashed line.
The anomalies defined by soil and talus sampling are supported by geological mapping and
sampling, which identified copper mineralization in porphyry-textured outcrops (Plate 1).
NR23-03 Continued 2 January 30, 2023
Plate 1. (A) Quartz monzonite porphyry with sericite alteration cut by early dark micaceous veinlets (B)
Monzonite with sericite alteration and disseminated pyrite replaced by iron oxide (C) Monzonite with sericite
alteration and disseminated pyrite-chalcopyrite, locally replaced by copper oxide
Next Steps
A program of detailed rock chip sampling and geological mapping is expected t o start in Q1,
focusing on the most anomalous areas defined by the initial sampling.
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 a total of 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
advanced and expected to be drill ready in 2023. The Tillo property described herein is being
explored for the first time.
QA/QC
The work program at Tillo 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. B horizon soils samples were taken in excavated pits of 40cm
x 40cm with sample material of approximately 1.5 kg to 2 kg. In areas without suitable soil
development, talus samples were collected instead. Sample spacing on the property is 300m to
350 m. 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.
NR23-03 Continued 3 January 30, 2023
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.
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.
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.
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:
NR23-03 Continued 4 January 30, 2023
Keith Henderson
Suite 890
999 West Hastings Street
Vancouver, BC, V6C 2W2
Phone: 604-638-3456
E-mail: [email protected]
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