- Latin Metals (LMS) has recorded positive exploration results from its Auquis copper project, located in Peru’s Coastal Copper Belt
- Soil sampling results indicate high-grade anomalous copper over a 3km x 2km area
- A total of 253 soil samples were collected on a 400m x 200m grid
- The company plans to begin a comprehensive rock chip sampling and mapping program in April
- Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America
- The share price of Latin Metals Inc. remained unchanged at $0.135 at 10:17 AM ET
Latin Metals (LMS) has recorded positive exploration results from its Auquis copper project, located in Peru’s Coastal Copper Belt.
Soil sampling results indicate high-grade anomalous copper over a 3km x 2km area.
The company initiated exploration at the 4,000-hectare Auquis in February this year. Exploration completed to date includes an extensive soil sampling program designed to screen the most prospective portions of the property.
A total of 253 soil samples were collected on a 400m x 200m grid. Results are positive, defining a coincident copper and molybdenum anomaly over an area of 3km x 2km.
Within this area, copper-in-soil values are greater than 500 ppm (0.05 per cent) and up to 2,300 ppm (0.23 per cent ) copper.
Latin Metals said it is committed to regularly engaging with community stakeholders and backing local projects with positive and lasting community benefits.
“Exploration at Auquis offers compelling discovery potential as little historical work has been done on these highly prospective targets,” said Latin Metal’s CEO, Keith Henderson.
“The project remains an exciting exploration story that can expose investors to a top mining jurisdiction as well as commodities in high demand and short supply, such as copper,” he added.
The company plans to begin a comprehensive rock chip sampling and mapping program in April, focusing on the high-grade copper anomalies identified by the soil survey.
The Coastal Copper Belt in Peru is a cretaceous belt hosting a variety of deposit types, including porphyry, epithermal, VMS and IOCG.
Soil samples were extracted from prospecting pits measuring 40cm x 40 cm, where the uppermost A horizon was removed to collect the underlying B horizon.
A total of 1.5 to 2.0 kg of B Horizon material was collected at each sampling site, before the sampling pit was reclaimed. A total of 253 samples were collected on a grid of 200m north-south and 400m east-west orientation.
Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America.
The share price of Latin Metals Inc. (LMS) remained unchanged at $0.135 at 10:17 AM ET.
