Latin Metals recently acquired a 100% interest in three copper exploration projects covering 5,000 hectares, situated in the Coastal Copper Belt, Peru.
Map showing the newly acquired Projects together with the extents of the regional stream sediment survey, which identified the target areas. The map also shows the location of land positions controlled by Buenaventura, Hochschild, and others. (Image Credit: Latin Metals Inc.)
The three projects (Tillo, Loli and Para) (the “Projects”) are situated about 130 km southwest of Latin Metals’ Lacsha copper project, where the latest exploration has detected widespread copper mineralization at the surface and where the company anticipates carrying out an IP survey in January 2022.
The projects were acquired by staking after completion of a broad regional stream sediment survey, checking about 480 km2. The areas were chosen based on consistent copper anomalies and geological resemblances to the Lacsha - Yanba projects area.
We are delighted to further expand our footprint in this new portion of Peru’s Coastal Copper Belt. We continue to have success using regional screening tools to identify areas that we can acquire 100% through low-cost claim staking.
Keith Henderson, President and CEO, Latin Metals
Stream Sediment Survey Details
Latin Metals has concluded a stream sediment survey encompassing 480 km2 with 82 samples. With copper values ranging from 28 ppm to 297 ppm and located on open ground, the 11 catchments with the maximum copper values range from 138 to 297 ppm. Claims were staked based on collections of anomalous stream sediments at Tillo, Loli and Para Projects.
Next Steps
Latin Metals is presently in talks with the local communities who possess the surface rights, following which the company hopes to start systematic surface exploration. Similar to the case at Lacsha, a talus survey program will be carried out as a first pass to detect maximum priority targets.
Coastal Copper Belt
The Coastal Copper Belt in Peru is a Cretaceous belt hosting an assortment of deposit types, including epithermal, porphyry, VMS and IOCG. Latin Metals’ 100%-owned Lacsha copper-molybdenum, Auquis copper-gold and Yanba copper-molybdenum projects are all situated in the northern Lima-Ica region of the coastal belt.
QA/QC
This stream sediment survey was planned and managed by Eduardo Leon, the company's Exploration Manager, who is accountable for all phases of the work, including the quality control/quality assurance program.
On-site workers at the project meticulously gather and track samples, which are then security sealed and transported to the ALS laboratory in Lima. Samples chosen for the results described here are prepared and examined by a multi-element analysis using an inductively coupled mass spectrometer in agreement with industry protocols.
Qualified Person
The technical content of this article has been permitted for disclosure by Keith J. Henderson P.Geo, a Qualified Person as stipulated by NI 43-101 and Latin Metals’ CEO. Mr. Henderson is not autonomous of the company, as he is an employee of the company and holds securities of the company.