Latin Metals Reports High Grade Copper Mineralization at Auquis Project, Peru
Latin Metals Reports High Grade
Copper Mineralization at Auquis Project, Peru
NR22-07 July 20, 2022
Vancouver, B.C. – Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS)
OTCQB: LMSQF) is pleased to announce results of a recently completed rock sampling program
at its 100% own Auquis project (the “Property”) located in the Coastal Copper Belt, Peru. A total
of 234 rock chip samples were collected to follow up on anomalous soil samples collected earlier
in the year (see NR22-06, April 2022). Rock chip sampling has highlighted copper grades ranging
from 22 ppm to 12.8% copper across the Property (Figures 1 and 2).
Figure 1. Map highlighting areas where recent rock chip sampling was completed over several peak soil
anomalies at Auquis Property, Coastal Copper Belt, Peru. Area defined by red square shows very consistent
copper mineralization over 1km x 1km extent.
NR22-07 Continued 2 July 20, 2022
Keith Henderson, CEO, commented, “Our recent follow-up sampling program has outlined a large
1km x 1km area of consistent mineralization where 101 samples returned copper values of up to
2.37% copper and 236 ppm molybdenum, with a mean value of 0.13% copper and 6.4 ppm
molybdenum. We are very excited about these initial results, with many areas of this large 4,000
hectare property still unsampled.”
This portion of the Coastal Copper Belt is the focus of attention for several major mining
companies, such as Newmont and Vale.
Figure 2. Location of the Auquis Property in Peru and within the Coastal Copper belt.
Rock Chip Sampling Details
Recently completed rock chip sampling was focused in the highly anomalous areas identified in
a previous soil sampling survey. A total of 234 rock chip samples were collected with values up
to 4.74% copper and 236 ppm molybdenum. Mean values from the 234 samples are 0.10%
copper and 5ppm molybdenum. These results are very encouraging as regional results but
looking more closely at the southeastern portion of the Property, mineralization is seen to be
very consistent with highly anomalous values of copper and molybdenum. In this large 1km x
1km area, 101 samples returned values with a mean of 0.13% copper and 6.4 ppm molybdenum.
NR22-07 Continued 3 July 20, 2022
This area is characterized by multiple phases of intrusive rocks with porphyritic textures and
copper oxide mineralization.
Next Steps
Recent sampling was focused on testing existing soil anomalies. Other areas of the Property are
still open for exploration, and the Company will extend the sampling program. Next steps include
a property-wide rock chip sampling and geological mapping program in the next months to define
the area for an initial ground magnetic survey.
QA/QC
The work program at Auquis 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. On-site personnel at the project rigorously prepare and track
samples which are 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.
Investor Relations and Marketing
The Company has engaged BTV- Business Television (“BTV”) to improve exposure to Canadian
capital markets. The engagement is for an initial period of three months, renewable for an
additional three months. As consideration, the Company will pay a total fee of $31,850. BTV
produces a half-hour weekly investment show, profiles emerging companies across Canada and
the US to bring investors information for their portfolio. On air for 20+years, BTV is broadcast
nationally on BNN Bloomberg, FOX Business News, BizTV. With Hosts, Taylor Thoen and Jessica
Katrichak, BTV interviews top analysts plus features companies at their location for an insightful
business perspective. Services provided under the contract with Latin Metals include digital
marketing on well-known financial web platforms BNN Bloomberg, Forbes, Yahoo Finance,
Seeking Alpha, Financial Post, and Market Watch), Facebook advert campaign, mobile optimized
banners, and TV advert for broadcast on BNN Bloomberg. To the Company’s knowledge, BTV
does not have any direct interest in the Company or its securities.
The Company has also engaged OTCWagon for a one-month market awareness program. As
consideration, the Company will pay a total fee of $5,000. To the Company’s knowledge,
OTCWagon does not have any direct interest in the Company or its securities.
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
NR22-07 Continued 4 July 20, 2022
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:
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.
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
NR22-07 Continued 5 July 20, 2022
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.