Latin Metals Reports Additional Positive Geochemistry from the Lacsha Copper Project, Peru
Latin Metals Reports Additional Positive Geochemistry
from the Lacsha Copper Project, Peru
NR21-05 May 27, 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 detailed sampling at the northern of two anomalies ("Lacsha North") has delineated
a 1km x 1km copper-molybdenum anomaly.
Lacsha Sampling Results
Phase I exploration at the 4,000-hectare Lacsha was initiated in January 2021 with initial rock
sampling, which identified outcropping copper mineralization ranging from 110 ppm up to
6,410 ppm and molybdenum ranging from 1.5 ppm up to 86.8 ppm.
Phase II work included 34 stream sediment sampling designed to screen the entire property,
defining two priority areas of anomalous copper and molybdenum; Lacsha North and Lacsha
South (Figure 1).
Recently completed Phase III work includes 28 talus sample in Lacsha North and 70 talus
samples in Lacsha South, with results received for Lacsha North defining an anomaly of 1km x
1km (Figure 1), with values ranging from 253 ppm to 1,360 ppm copper and 4 ppm to 87 ppm
molybdenum. The area is defined by porphyritic rocks subjected to chlorite, secondary biotite,
and sericite alteration, locally associated with disseminated chalcopyrite, all of which is
evidence of potential copper porphyry mineralization (Figure 2).
Figure 1: Location of stream sediment anomalies and recent talus samples,
and Lacsha North Results for copper and molybdenum.
NR21-05 Continued 2 May 27, 2021
Next Steps
Results from Lacsha South are pending and expected to be complete by the end of May.
Following receipt of all geochemical results, the Company's exploration team will define the
total area for planned geophysical surveys, the results of which will assist with final drill
targeting.
Figure 2: Transmitted light and reflected light; ser (sericite), bts (secondary biotite),mt
(magnetite),CLOs (chlorite),cp (chalcopyrite)
Coastal Copper Belt
The Coastal Copper Belt in Peru is a Cretaceous belt hosting various deposit types, including
porphyry, epithermal, VMS, and IOCG. Latin Metals' 100%-owned Lacsha copper-molybdenum
and Auquis copper-gold projects are 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.
NR21-05 Continued 3 May 27, 2021
QA/QC
The work program at Lacsha was designed and supervised by Eduardo Leon, the Company's
Exploration Manager, responsible for all aspects of the work, including the quality
control/quality assurance program; standard samples have been included in every shipment.
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. As a result, 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 website (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.
NR21-05 Continued 4 May 27, 2021
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, statements regarding the negotiation of the Option Agreements and exercise of the Option for the
Properties, 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 taken 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-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 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 the 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.