Latin Metals Rock Sampling Returns 1.3% Copper at Tillo Copper Project, Peru Initiates Geophysical Surveying at Auquis Copper Project, Peru
Latin Metals Rock Sampling Returns 1.3% Copper
at Tillo Copper Project, Peru
Initiates Geophysical Surveying at
Auquis Copper Project, Peru
NR23-04 February 8, 2023
Vancouver, B.C. – Latin Metals Inc. (“Latin Metals ” or the “ Company”) - (TSXV: LMS)
OTCQB: LMSQF) announces that it has received assay results from three initial rock samples
collected at the Tillo copper project (“ Tillo”) with copper grades ranging from 0.19% to 1.36%
copper. The Company also provides an update on the Auquis copper project (“ Auquis”), where
an extensive magnetic geophysical survey has begun.
Tillo Copper Project
A suite of three rock samples were collected, which are all located within the largest (2,500m x
1,500m) area of anomalous soil and talus samples (see previous news release January 30, 2023 )
(Figure 1 ). The rock samples returned copper grades ranging from 0.19% to 1.36%, with
associated molybdenum mineralization ranging from 5ppm to 94ppm.
Figure 1: Location of initial rock samples collected at the Tillo copper project.
NR23-04 Continued 2 February 8, 2023
The next steps at Tillo include a program of detailed rock chip sampling and geological mapping,
focusing on the most anomalous areas defined by the initial sampling.
Auquis Copper Project
A magnetic survey has been initiated at the Company’s 100% -owned Auquis copper project,
where a total of 434 rock samples were collected in 2022 , defining a core area of high -grade
mineralization that measures 1,500m x 1,500m (see previous news release November 3, 2022).
The new magnetic survey is planned to be completed over approximately 50 -line km, covering
the core area of porphyry -related mineralization and an area considered prospective for skarn
mineralization (Figure 2).
Figure 2: Map of the Auquis copper project showing previously disclosed rock sample analysis
and the location of planned ground geophysical survey lines.
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
NR23-04 Continued 3 February 8, 2023
After registering, you will receive a confirmation email containing information about joining the
webinar.
QA/QC
At the Auquis project, the geophysical survey is being undertaken by Zissou Contractors, who are
responsible for aspects of data collection and QA/QC. At the Tillo project, the work was designed
and supervised by Eduardo Leon, the Company's Exploration Manager, who is responsible for all
aspects of the work, including the QA/QC 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. Rock chip samples were taken in a 1 m x 1 m area with rock chip material weighing
approximately 1.5 kg to 2.0 kg. 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. 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
NR23-04 Continued 4 February 8, 2023
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 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, 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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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
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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 o ther filings of the Company with the Canadian
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Readers are cautioned not to place undue reliance on forward looking statements. Except as otherwise required by law, the
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