Latin Metals Stakes Yanba Copper Project, Coastal Copper Belt, Peru
November 02, 2021 at 12:34 pm EDT
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Latin Metals Inc. announced that it has acquired a 100% interest in the Yanba copper exploration project, Coastal Coper Belt, Peru. The 4,000-hectare Yanba project is located close to the Company?s Lacsha copper project where recent exploration has identified extensive copper mineralization at surface and where the Company expects to finalize drill targets by year end. The Yanba acquisition was completed following completion of an extensive regional stream sediment survey, screening approximately 200 km square. The area was selected for staking due to consistent copper anomalies and geological similarities to the nearby Lacsha project. The Company has completed a stream sediment survey covering 200 km square with 35 samples. Copper values range from 28 ppm to 139 ppm, with anomalies across 7 contiguous catchments and anomalous areas being 3 times higher than background. This geochemical anomalism drove the prioritization of this area, together with geological similarities to Lacsha. Latin Metals is currently in discussions with the single local community who hold the surface rights, following which the Company expects to begin systematic surface exploration. As was the case at Lacsha, a talus survey program will be the first pass to identify the highest priority targets. 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, Yanba copper-molybdenum, and Auquis copper-gold projects are all located in the northern Lima-Ica portion of the coastal belt.
Latin Metals Inc. is a mineral exploration company. The Company is engaged in acquiring a diversified portfolio of assets in South America. The Companyâs projects Lacsha Project, Auquis Project, Jacha Project, Para Project, Tillo Project, and Loli Project. The Companyâs projects in Argentina include Organullo Project, Ana Maria and Trigal Projects, Esperanza Project, Mina Angela Project, Cerro Bayo and La Flora Projects, El Quemado Project, Mirador Copper Project, Solario Copper Project and Ventana Project. The Companyâs also owns Terraza copper exploration project consist of 68,000-hectare (ha) is located in northwest Argentina. The Organullo Project is an exploration property located in Salta Province, northwest Argentina. The Esperanza project is a copper-gold exploration project, located in San Juan Province, Argentina. It has a 100% interest in the Lacsha Copper project within the Coastal Copper Belt in Peru. The Auquis Copper Project is located in Peru's Coastal Copper Belt.