Latin Metals Expands High-Grade Copper Mineralization at 100%-Owned Auquis Project, Peru Plans Geophysical Follow Up Survey
Latin Metals Expands High-Grade Copper
Mineralization at 100%-Owned Auquis Project, Peru
Plans Geophysical Follow Up Survey
NR22-12 November 3, 2022
Vancouver, B.C. – Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS and
OTCQB: LMSQF) announces the results of its surface rock sampling program at the 100%-own
Auquis Project (the “Project”), located in Peru. A total of 200 additional rock samples were
collected, returning anomalous mineralization gradi ng up to 5.8% copper and 236ppm
molybdenum. A total of 434 rock samples have now b een collected across the Project area,
defining a core area of high-grade mineralization that measures 1.5km by 1.5km.
“Ongoing rock sampling results from Auquis continue to expand the footprint of copper
mineralization on the project with the core area ex panded by more than 100% as a result of
recent exploration,” stated Keith Henderson, Latin Metals’ President & CEO. “The project has
potential scale and grade, which are important ingredients required to secure a future partner.”
Plate 1. Typical porphyry B-type veins in outcrop (left) and
outcropping copper oxide mineralization (right) from within
the core area of high-grade mineralization (shown on Figure 1).
NR22-12 Continued 2 November 3, 2022
Rock Sampling Results
The results of additional rock sampling completed i n August 2022 have expanded the core area
of high-grade mineralization to approximately 1.5km by 1.5km (red outline, Figure 1). Within this
core area, combined results of 265 rock sample resu lts return grades ranging from 6ppm to
5.8% copper (average 0.10% copper) and from 0.3ppm to 236ppm molybdenum (average 4.9ppm
molybdenum). Previous rock sampling results at Auquis were disclosed in a news release dated
July 20, 2022 (234 samples).
Mineralization
Within the core area of copper-molybdenum mineraliz ation, porphyry-style mineralization has
been recognized and sampled ( Plate 1 ). In the western portion of the property an inter preted
contact with carbonaceous rocks has potential to host skarn mineralization. This contact is cover
by volcanic rock, but hydrothermal alteration has been recognized within limestone units to the
west.
Figure 1. Map showing all rock sample locations on the Project and highlighting rock samples not previously
disclosed with a larger symbol. All copper grades greater than 0.2% copper are labelled.
The area defined by red square shows consistent copper mineralization over 1.5km x 1.5km extent.
NR22-12 Continued 3 November 3, 2022
Next Steps
Latin Metals is planning to complete a ground magne tic survey covering the core copper-
molybdenum anomalies for a total of approximately 60-line km. The magnetic survey is designed
to determinate the dimension of the porphyry target mapped on surface and the potential skarn
mineralization to the west.
Coastal Copper Belt
The Coastal Copper Belt in Peru is a Cretaceous bel t hosting a variety of deposit types including
Porphyry, Epithermal, VMS and IOCG. Latin Metals’ 100%-owned Auquis, Lacsha, Yanba, Tillo,
Para and Loli projects are all located in the northern Lima-Ica portion of the coastal belt.
QA/QC
The work program at Auquis was designed and supervi sed by Eduardo Leon, the Company's
Exploration Manager, who is responsible for all asp ects of the work, including the quality
control/quality assurance program. 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 a nalyzed 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 appr oved 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 Gene rator model focusing on the acquisition
of prospective exploration properties at minimum co st, completing initial evaluation through
cost-effective exploration to establish drill targets, and ultimately securing joint venture partners
to fund drilling and advanced exploration. Shareho lders gain exposure to the upside of a
significant discovery without the dilution associat ed 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 .
NR22-12 Continued 4 November 3, 2022
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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statements") within the meaning of applicable Canad ian and U.S. securities legislation, including the United States Private
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without limitation, statements regarding the negotiation of the Option Agreements and exercise of the Option for the Properties,
the anticipated content, commencement, timing and c ost of exploration programs in respect of the Prope rties and otherwise,
anticipated exploration program results from exploration activities, and the Company's expectation tha t it will be able to enter
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Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results,
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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 "Prog rams"), actual results
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