- Latin Metals (LMS) is reporting positive geochemistry results as it continues exploration at its Lacsha copper property
- The company owns a 100-per-cent interest in the property, located in the Peruvian Coastal Copper Belt
- Phase I exploration at the 4,000-hectare Lacsha was initiated in January 2021 with initial rock sampling
- Final results are still pending and will help define future drill program targets
- Latin Metals is unchanged, trading at C$0.16 at 9:30 am ET
Latin Metals (LMS) is reporting positive geochemistry results as it continues exploration at its Lacsha copper property.
The company owns a 100-per-cent interest in the property, located in the Peruvian Coastal Copper Belt.
The company has divided the property into two priority areas of anomalous copper and molybdenum; Lacsha North and Lacsha South.
Phase I exploration at the 4,000-hectare Lacsha was initiated in January 2021 with initial rock sampling.
Phase II work included 34 stream sediment sampling designed to screen the entire property.
Recently completed Phase III work includes 28 talus samples in Lacsha North and 70 talus samples in Lacsha South, with results received for Lacsha North defining an anomaly of 1-kilometre by 1-kilometre with values ranging from 253 ppm to 1,360 ppm copper and 4 ppm to 87 ppm molybdenum.
Results from Lacsha South are pending and expected to be complete by the end of May.
Following receipt of all geochemical results, the company’s exploration team will define the total area for planned geophysical surveys, the results of which will assist with final drill targeting.
The Coastal Copper Belt in Peru is a Cretaceous belt hosting various deposit types, including porphyry, epithermal, VMS, and IOCG. Latin Metals Lacsha copper-molybdenum and Auquis copper-gold projects are located in the northern Lima-Ica portion of the coastal belt. The Lacsha Project is located approximately 110 km by road from Lima, 40 kilometres from the coast, and is accessible year-round by paved road.
Latin Metals is a mineral exploration company acquiring a 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.
Latin Metals is unchanged, trading at C$0.16 at 9:30 am ET.