Latin Metals Reports New Surface Copper Mineralization at Lacsha, Peru Initiates IP Survey
Latin Metals Reports New Surface Copper
Mineralization at Lacsha, Peru
Initiates IP Survey
NR22-01 January 31, 2022
Vancouver, B.C. – Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS)
OTCQB: LMSQF) is pleased to announce rock chip channel sampling results defining a new zone
of copper mineralization at the Lacsha project (“Lacsha” or the “Project”) and initiation of an
Induced Polarization (“IP”) geophysical survey.
Rock Chip Sampling
Continuous rock chip channel sampling results show consistent values in copper and
molybdenum, including 52m grading 0.38% copper and 237ppm molybdenum, with copper
values ranging from 460 ppm copper to 45,200 ppm (4.52%) copper (Figure 1).
Figure 1. New Lascha SW Zone continuous rock chip sampling showing copper grades
and selected composite rock chip intercepts.
NR22-01 Continued 2 January 31, 2022
These results are in addition to assays reported previously in Lacsha South and Lacsha North
target areas, where similar mineralization was identified (previous news release, September 14,
2021), including 30m grading 0.22% copper and 76ppm molybdenum in Lacsha South and 72m
grading 0.20% copper and 62ppm molybdenum in Lacsha North (Table 1).
Table 1: Comparison of Rock Chip Channel Sample Grades at Lacsha Target Areas
Target Area Highlights Composite Grades
(0.20% copper or greater)
Grade Range
(%)
Lacsha North 72m @ 0.20% copper, 62ppm moly;
incl. [email protected]% copper, 81ppm moly 0.07% - 0.68%
Lacsha South 30m @0.22% copper, 76ppm moly;
and 26m @ 0.20% copper, 119ppm moly 0.04% - 4.10%
Lacsha South-West 136m @ 0.24% copper, 179ppm moly;
incl. 52m @ 0.38% Copper, 237ppm moly 0.05% - 4.52%
These copper-molybdenum values are interpreted as indicating a leached zone typically found in
arid environments related to porphyry deposits. Individual samples were taken at 2 m intervals.
True thickness is not possible to determine from the current level of available data, but sample
orientation is designed to be as representative as possible.
Induced Polarization Survey
Latin Metals is currently undertaking a geophysical IP survey, which will be completed over the
Lacsha project. This survey will help us to de fine drill targets for permitting . The survey is
planned to cover all targets generated to date for a total of 18 lines, each averaging 1.5 km in
length. Lines are orientated perpendicular to the principal NE-SW mineralized trend.
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’ 100% -owned Lacsha copper-molybdenum,
Yamba copper-molybdenum, Auquis copper-gold and Tillo, Para and Loli projects are all located
in the northern Lima-Ica portion of the coastal belt.
QA/QC
The work program at Lacsha was designed and supervised by Eduardo Leon, the Company's
Exploration Manager. He is responsible for all aspects 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 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.
NR22-01 Continued 3 January 31, 2022
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
ofacquiring 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 website (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.
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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
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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
NR22-01 Continued 4 January 31, 2022
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
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and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of
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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
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venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading "Risk
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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
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