The 68,000-hectare Terraza copper exploration property in northwest Argentina has been acquired by Latin Metals Inc., a prominent mineral exploration firm in South America, through staking. With this acquisition, Latin Metals expands its ground holding to over 500,000 hectares. Latin Metals is a pioneer in the exploration of sediment-hosted copper resources in this developing area.
Location of the newly acquired Terraza Project (purple highlights), together with Mirador, Solario and Ventana Projects, and location of key prospective stratigraphy in the region. Image Credit: Latin Metals Inc.
The goal of Latin Metals' exploratory work in this developing region of northwest Argentina is to comprehend and maximize the potential of sediment-hosted copper deposits. The company plans to collect over 1,500 samples for a large-scale drainage survey as the first phase, effectively screening and prioritizing the full 500,000-hectare land position.
Emerging belts require this “boots on the ground” approach the most, and systematic prospecting, mapping, and sampling of mineralized outcrops will go hand in hand with the drainage samples.
Approximately 60% of the Mirador copper project has been covered by the 196 stream sediment samples that have been collected thus far. A commercial laboratory has prepared the sample pulps; but, unanticipated equipment maintenance by the manufacturer has caused a delay in the analysis utilizing the company’s portable XRF. Results of the ongoing analysis of samples of mineralized rock at Mirador are anticipated soon.
A technical presentation that goes into further information about the copper exploration properties in Argentina that are housed in sediment has been released by the company.