Mike Fagan,
Editor
June 6, 2023
Prospect generator Latin Metals Inc. (TSX-V: LMS)(OTC: LMSQF) — currently trading around C$0.13 per share — has acquired a 100% interest in the Solario copper project in Salta Province, Argentina.
The project spans 170,000 hectares (1,700 sq km). Its close proximity to LMS’s 100%-owned Mirador copper project represents a major expansion of the company’s sediment-hosted copper exploration footprint in this highly underexplored region of Argentina wherein Latin Metals enjoys a bona fide first-mover advantage.
The LMS team plans to initiate a comprehensive, large-scale regional stream sediment sampling program, covering both the Mirador and Solario projects, with the aim of identifying and prioritizing targets for follow-up exploration.
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View ReportsLatin Metals CEO Keith Henderson — whom you’re about to hear from directly in our exclusive interview coming right up — commented via press release:
“As a first mover in sediment-hosted copper exploration in northwest Argentina, Latin Metals is committed to unlocking the untapped potential of this region. The planned exploration will be the first modern exploration directed towards the discovery of large-scale sediment-hosted copper mineralization in this part of South America. Over the past months, we have been focused on growing our copper exploration footprint in Argentina, and the acquisition of the Solario project represents a significant step in that growth plan. The acquisition of the Solario project adds a significant 170,000 hectares to our exploration program and represents a key milestone in our growth strategy...”
Additionally, on the prospect generator side, Latin Metals is anticipating the kick-off of three partner-funded drill programs in Argentina in the second half of the year:
- Organullo gold-copper project by way of AngloGold Ashanti (NYSE: AU)
- Cerro Bayo gold-silver project by way of Barrick Gold (NYSE: GOLD)
- Esperanza copper-gold project by way of Libero Copper & Gold (TSX-V: LBC)
At Organullo, AngloGold Ashanti has commenced exploration with Latin Metals expecting to receive initial exploration results soon. AngloGold’s 2023 exploration agenda for Organullo includes 7,000 meters of Phase-1 drilling to be completed via two drill rigs subject to permitting approval.
At Cerro Bayo, Barrick Gold has completed a substantial amount of surface exploration, including a 1,000-line-km ground magnetic survey, geological mapping, rock sampling, and spectral analysis. Upcoming exploration activities at Cerro Bayo will include efforts to hone in on the below-ground source, or “feeder zones” to the near-surface mineralization that’s systematically being mapped out at the property.
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View PublicationsAt Esperanza, Libero has submitted an EIA to provincial authorities for planned exploration activities at the drill-ready project.
As promised, our own Gerardo Del Real of Junior Resource Monthly caught up with Latin Metals CEO Keith Henderson to go over the highly-accretive Solario acquisition, plus a look ahead to potential 2H 2023 drill programs from Anglo, Barrick, and Libero. Please enjoy!
For more information on Vancouver-based Latin Metals, be sure to contact Ms. Elyssia Patterson at the company’s IR department at 604-638-3456 or via email at info@latin-metals.com and sign up to receive updates directly from the company here.
Mike Fagan
Editor, Resource Stock Digest
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