Latin Metals Inc. declared the results of a recently finished rock sampling program at its wholly owned Auquis project situated in the Coastal Copper Belt, Peru. To further investigate anomalous soil samples taken earlier in the year, a total of 234 rock chip samples were gathered.
Map highlighting areas where recent rock chip sampling was completed over several peak soil anomalies at Auquis Property, Coastal Copper Belt, Peru. Area defined by red square shows very consistent copper mineralization over 1 km × 1 km extent. Image Credit: Latin Metals Inc.
The Property contains copper grades ranging from 22 ppm to 12.8% copper, according to rock chip sampling.
Our recent follow-up sampling program has outlined a large 1km x 1km area of consistent mineralization where 101 samples returned copper values of up to 2.37% copper and 236 ppm molybdenum, with a mean value of 0.13% copper and 6.4 ppm molybdenum. We are very excited about these initial results, with many areas of this large 4,000 hectare property still unsampled.
Keith Henderson, CEO, Latin Metals Inc.
Several significant mining firms, including Newmont and Vale, are concentrating their efforts on this region of the Coastal Copper Belt.
Rock Chip Sampling Details
In a recently finished rock chip sampling project, attention was paid to the highly anomalous areas found in an earlier soil sampling survey. 234 samples of rock chips totaling up to 4.74% copper and 236 ppm molybdenum were taken. The 234 samples, on average, contained 0.10% copper and 5 ppm molybdenum.
These results are very encouraging on a regional level, but when examined more closely, the mineralization is seen to be very coherent with extremely anomalous copper and molybdenum values in the southeastern part of the Property.
The mean values from 101 samples in this sizable 1 km × 1 km area were 0.13% copper and 6.4 ppm molybdenum. Multiple intrusive rock phases with porphyritic textures and copper oxide mineralization can be found in this region.
Next Steps
Testing of recent soil anomalies was the main goal of the sampling. The Company will continue the sampling program and explore additional areas of the Property. To define the area for an initial ground magnetic survey, steps include a property-wide rock chip sampling program and a geological mapping program in the coming months.
QA/QC
Eduardo Leon, the Company’s Exploration Manager, who is in charge of all aspects of the work, including the quality control/quality assurance program, created and oversaw the Auquis work program.
The project’s on-site staff carefully prepares and keeps track of samples before they are shipped to the ALS laboratory in Lima in a security-sealed container. According to industry standards, samples used for the findings described here are prepared and subjected to multi-element analysis using an inductively coupled mass spectrometer.