- Latin Metals (LMS) expands land position at Auquis Copper Project, Peru
- This acquisition consolidates the key prospective area and increases the total property size to 3,600 hectares
- A total of 42 historical stream sediment samples contain multi-element anomalies across multiple drainages, with copper assays ranging from 49 ppm to 607 ppm
- Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America
- Latin Metals Inc. (LMS) is trading at C$0.13 at 11:26 am PT as of August 6
Latin Metals (LMS) has acquired an additional 700 hectares at its Auquis copper property in the Peruvian Coastal Copper Belt.
This acquisition consolidates the key prospective area and increases the total Property size to 3,600 hectares.
The project has located 95 km from the coast and is accessible all year round by paved road. Auquis is a copper-molybdenum porphyry/skarn exploration project that has multiple historical geochemical stream sediment anomalies, including a single target area measuring 3.5 km by 2.0 km where all stream sediment samples assayed greater than 300 ppm copper.
A total of 42 historical stream sediment samples contain multi-element anomalies across multiple drainages, with copper assays ranging from 49 ppm to 607 ppm.
Planned Phase I work will include a follow-up stream sediment and surface sampling campaign. Agreements are being negotiated with two local communities, aiming to initiate exploration activities in this high potential property.
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 per cent-owned Lacsha copper-molybdenum and Auquis copper-gold projects are both located in the northern Lima – Ica portion of the coastal belt.
Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America.
It 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.
Latin Metals Inc. (LMS) is trading at C$0.13 at 11:26 am PT as of August 6.
