Latest news with #LatinMetals'
Toronto Star
3 days ago
- Business
- Toronto Star
Latin Metals Expands Organullo Gold Project, Salta Province, Argentina
VANCOUVER, British Columbia, July 28, 2025 (GLOBE NEWSWIRE) — Latin Metals Inc. ('Latin Metals' or the 'Company') (TSXV: LMS) (OTCQB: LMSQF) is pleased to report that following an application submitted to the mining authorities in Salta Province, the Company has secured rights to the 1,032-hectare Malena VI mining property (the 'Malena VI') (Figure 1). Malena VI is contiguous with the existing Organullo gold project and will form part of the properties included in an existing option agreement (the 'Option') with AngloGold Argentina Exploraciones S.A. ('AngloGold Ashanti'), a wholly owned subsidiary of AngloGold Ashanti plc. (NYSE: AU) under the terms of which AngloGold Ashanti has an option to earn up to an 80% interest in the Company's Organullo, Ana Maria, and Trigal Gold projects. Figure 1: Location of newly acquired Malena VI property relative to the existing Organullo Gold Project. Background image is Total Magnetic Intensity (reduced to pole). 'This acquisition provides a meaningful addition to the Organullo gold exploration project, extending the prospective northeast-southwest structural corridor by nearly 4km toward the southwest,' stated Keith Henderson, Latin Metals' President & CEO. 'This expansion opens new opportunities for additional target generation in close proximity to already-established targets.' ARTICLE CONTINUES BELOW Qualified Person Eduardo Leon, QP, is the Company's qualified person as defined by NI 43-101 and has reviewed the scientific and technical information that forms the basis for portions of this news release. He has approved the disclosure herein. Mr. Leon is not independent of the Company, as he is an employee of the Company and holds securities of the Company. About Latin Metals Latin Metals Inc. is a copper, gold and silver exploration company operating in Peru and Argentina under a prospect generator model, minimizing risk and dilution while maximizing discovery potential. With 18 projects, the company secures option agreements with major mining companies to fund exploration. This approach provides early-stage exposure to high-value mineral assets. Stay Connected Follow Latin Metals on YouTube, X, Facebook, LinkedIn and Instagram to stay informed on our latest developments, exploration updates, and corporate news. On Behalf of the Board of Directors of LATIN METALS INC. 'Keith Henderson' President & CEO For further details on the Company, readers are referred to the Company's website ( and its Canadian regulatory filings on SEDAR+ at For further information, please contact: Keith Henderson Suite 890 – 999 West Hastings Street, Vancouver, BC, V6C 2W2 Phone: 604-638-3456 E-mail: info@ Elyssia Patterson, VP Investor Relations Email: elyssia@ Phone: 778-683-4324 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements and forward-looking information (collectively, 'forward-looking statements') within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the anticipated content, commencement, timing and cost of exploration programs in respect of the Property and otherwise, anticipated exploration program results from exploration activities, and the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the Properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as 'pro forma', 'plans', 'expects', 'may', 'should', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', 'believes', 'potential' or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company's Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company's ability to comply with environmental, health and safety laws. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Properties, including the geological mapping, prospecting and sampling programs being proposed for the Properties (the 'Programs'), actual results of exploration activities, including the Programs, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading as well as those factors discussed under the heading 'Risk Factors' in the Company's annual management's discussion and analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at Readers are cautioned not to place undue reliance on forward looking statements. Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein. A photo accompanying this announcement is available at:
Hamilton Spectator
3 days ago
- Business
- Hamilton Spectator
Latin Metals Expands Organullo Gold Project, Salta Province, Argentina
VANCOUVER, British Columbia, July 28, 2025 (GLOBE NEWSWIRE) — Latin Metals Inc. ('Latin Metals' or the 'Company') (TSXV: LMS) (OTCQB: LMSQF) is pleased to report that following an application submitted to the mining authorities in Salta Province, the Company has secured rights to the 1,032-hectare Malena VI mining property (the 'Malena VI') (Figure 1). Malena VI is contiguous with the existing Organullo gold project and will form part of the properties included in an existing option agreement (the 'Option') with AngloGold Argentina Exploraciones S.A. ('AngloGold Ashanti'), a wholly owned subsidiary of AngloGold Ashanti plc. (NYSE: AU) under the terms of which AngloGold Ashanti has an option to earn up to an 80% interest in the Company's Organullo, Ana Maria, and Trigal Gold projects. Figure 1: Location of newly acquired Malena VI property relative to the existing Organullo Gold Project. Background image is Total Magnetic Intensity (reduced to pole). 'This acquisition provides a meaningful addition to the Organullo gold exploration project, extending the prospective northeast-southwest structural corridor by nearly 4km toward the southwest,' stated Keith Henderson, Latin Metals' President & CEO. 'This expansion opens new opportunities for additional target generation in close proximity to already-established targets.' Qualified Person Eduardo Leon, QP, is the Company's qualified person as defined by NI 43-101 and has reviewed the scientific and technical information that forms the basis for portions of this news release. He has approved the disclosure herein. Mr. Leon is not independent of the Company, as he is an employee of the Company and holds securities of the Company. About Latin Metals Latin Metals Inc. is a copper, gold and silver exploration company operating in Peru and Argentina under a prospect generator model, minimizing risk and dilution while maximizing discovery potential. With 18 projects, the company secures option agreements with major mining companies to fund exploration. This approach provides early-stage exposure to high-value mineral assets. Stay Connected Follow Latin Metals on YouTube , X , Facebook , LinkedIn and Instagram to stay informed on our latest developments, exploration updates, and corporate news. On Behalf of the Board of Directors of LATIN METALS INC. 'Keith Henderson' President & CEO For further details on the Company, readers are referred to the Company's website ( ) and its Canadian regulatory filings on SEDAR+ at . For further information, please contact: Keith Henderson Suite 890 – 999 West Hastings Street, Vancouver, BC, V6C 2W2 Phone: 604-638-3456 E-mail: info@ Elyssia Patterson, VP Investor Relations Email: elyssia@ Phone: 778-683-4324 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements and forward-looking information (collectively, 'forward-looking statements') within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the anticipated content, commencement, timing and cost of exploration programs in respect of the Property and otherwise, anticipated exploration program results from exploration activities, and the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the Properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as 'pro forma', 'plans', 'expects', 'may', 'should', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', 'believes', 'potential' or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company's Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company's ability to comply with environmental, health and safety laws. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Properties, including the geological mapping, prospecting and sampling programs being proposed for the Properties (the 'Programs'), actual results of exploration activities, including the Programs, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading as well as those factors discussed under the heading 'Risk Factors' in the Company's annual management's discussion and analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at . Readers are cautioned not to place undue reliance on forward looking statements. Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein. A photo accompanying this announcement is available at:
Yahoo
20-05-2025
- Business
- Yahoo
Latin Metals Announces Closing of Oversubscribed Private Placement for Gross Proceeds of $1.33 Million
VANCOUVER, British Columbia, May 20, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ('Latin Metals' or the 'Company') - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce the closing of its previously announced non-brokered private placement (the 'Financing') for aggregate gross proceeds of $1,330,499.94, through the issuance of 12,095,454 units (each a 'Unit') at a subscription price of $0.11 per Unit. Each Unit consists of one common share in the capital of Latin Metals (each, a 'Share') and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one Share at a price of $0.20 per Share for a period of 36 months from the closing of the Financing. If the volume-weighted average price of the Company's Shares is greater than or equal to $0.30 for 15 consecutive trading days, the Company may accelerate the expiry date of the Warrants by providing written notice to the holder, in which case the warrants will expire 30 days from the date of such notice. In connection with the closing of the Financing, the Company paid finders fees on a portion of the Financing to Leede Financial Inc. consisting of a $37,870 cash commission and 344,272 finder's warrants, and to Haywood Financial Inc. consisting of a $3,850 cash commission and 35,000 finder's warrants. Each finder's warrant entitles the holder thereof to purchase one Share at a price of $0.11 per Share for a period of 12 months from the closing of the Financing. All securities issued by the Company pursuant to the Financing are subject to a hold period of four months and one day in Canada. The proceeds of the Financing are intended to fund exploration, generative work, and for general working capital. The closing of the Financing is subject to receipt of TSX Venture Exchange final Metals Inc. is a copper, gold and silver exploration company operating in Peru and Argentina under a prospect generator model, minimizing risk and dilution while maximizing discovery potential. With 18 projects, the company secures option agreements with major mining companies to fund exploration. Current option holders include AngloGold Ashanti (Organullo Gold Project) and Moxico Resources (Esperanza & Huachi Copper-Gold Projects). This approach provides early-stage exposure to high-value mineral assets. Latin Metals is actively seeking new strategic partners to advance its Metals recently presented and met with investors at two European investor events: 121 Mining Investment Conference – London (May 12–13, 2025) Deutsche Goldmesse – Frankfurt (May 16–17, 2025) Upcoming investor conferences include: The Mining Event – Quebec City (June 3–5, 2025) The Rule Symposium on Natural Resource Investing 2025 - Florida (July 7-11, 2025) These events provide key opportunities to showcase Latin Metals' progress and introduce its high-quality portfolio to new strategic and institutional Latin Metals on YouTube, X, Facebook, LinkedIn and Instagram to stay informed on our latest developments, exploration updates, and corporate news. On Behalf of the Board of Directors of LATIN METALS INC.'Keith Henderson'President & CEO For further details on the Company readers are referred to the Company's website ( and its Canadian regulatory filings on SEDAR+ at For further information, please contact: Keith Henderson Suite 890 - 999 West Hastings Street,Vancouver, BC, V6C 2W2E-mail: info@ Elyssia Patterson, VP Investor Relations Email: elyssia@ 778-683-4324 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the anticipated content, commencement, timing and cost of exploration programs in respect of the Property and otherwise, anticipated exploration program results from exploration activities, and the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the Properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company's Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company's ability to comply with environmental, health and safety laws. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Properties, including the geological mapping, prospecting and sampling programs being proposed for the Properties (the "Programs"), actual results of exploration activities, including the Programs, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading as well as those factors discussed under the heading 'Risk Factors' in the Company's annual management's discussion and analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at Readers are cautioned not to place undue reliance on forward looking statements. Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference in to access your portfolio
Associated Press
02-04-2025
- Business
- Associated Press
Latin Metals Appoints Vice President Investor Relations
VANCOUVER, British Columbia, April 02, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ('Latin Metals' or the 'Company') - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce the appointment of Elyssia Patterson as Vice President, Investor Relations, effective immediately. Ms. Patterson originally joined Latin Metals in 2020, initially supporting digital communications and corporate outreach. Over the past four years, she has played a growing role in the company's investor strategy, leading efforts to expand capital markets engagement and enhance visibility across key North American, South American, and European investor audiences. 'Elyssia has become an integral part of the Latin Metals team,' commented Keith Henderson, President & CEO. 'Her contributions to our investor engagement and brand positioning have been significant, and this appointment reflects her commitment, leadership, and the value she brings to our corporate strategy.' In her new role, Ms. Patterson will continue to lead investor communications and stakeholder engagement as the Company advances its project portfolio through joint ventures and strategic partnerships. 'I'm proud to step into this role at such a pivotal time for Latin Metals,' said Elyssia Patterson. 'We have a strong portfolio in two of the most prolific mining jurisdictions in the world—Argentina and Peru—and we are actively advancing projects with tier-one partners. With increased market focus on gold, copper, and silver—commodities that are not only critical to the global economy but central to our exploration thesis—I believe Latin Metals is well-positioned for a transformative year. I'm excited to continue working alongside Keith and the exceptional technical team as we build on our proven prospect generator model.' Upcoming Events Latin Metals is pleased to announce its participation in several upcoming industry conferences, providing a platform to connect with investors, industry leaders, and potential partners: 121 Mining Investment Conference – London, May 12–13, 2025 Deutsche Goldmesse Spring 2025 – Frankfurt, May 16–17, 2025 The Mining Event – Quebec City, June 3–5, 2025 These events offer valuable opportunities to share Latin Metals' exploration progress in Argentina and Peru, highlight the advantages of its low-dilution prospect generator model, and explore strategic investment and partnership opportunities across its gold, copper, and silver-focused portfolio. Incentive Stock Options The Company announces that it has granted 1,500,000 common share stock options (each, an 'Option') to certain directors, officers, and consultants of the Company. The Options entitle the holder to purchase shares at a price of $0.12 per share for a period of 36 months from the grant date. Including this issuance, the Company has now set Options representing 7.9% of the issued and outstanding stock. About Latin Metals Latin Metals Inc. is a copper, gold and silver exploration company operating in Peru and Argentina under a prospect generator model, minimizing risk and dilution while maximizing discovery potential. With 18 projects, the company secures option agreements with major mining companies to fund exploration. Current option holders include AngloGold Ashanti (Organullo Gold Project) and Moxico Resources (Esperanza & Huachi Copper-Gold Projects). This approach provides early-stage exposure to high-value mineral assets. Latin Metals is actively seeking new strategic partners to advance its portfolio. Stay Connected On Behalf of the Board of Directors of LATIN METALS INC. ' Keith Henderson ' President & CEO For further details on the Company readers are referred to the Company's website ( and its Canadian regulatory filings on SEDAR+ at For further information, please contact: Keith Henderson Suite 890 - 999 West Hastings Street, Vancouver, BC, V6C 2W2 Phone: 604-638-3456 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements and forward-looking information (collectively, 'forward-looking statements') within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the anticipated content, commencement, timing and cost of exploration programs in respect of the Property and otherwise, anticipated exploration program results from exploration activities, and the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the Properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward-looking information can be identified by words such as 'pro forma', 'plans', 'expects', 'may', 'should', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', 'believes', 'potential' or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company's Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company's ability to comply with environmental, health and safety laws. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Properties, including the geological mapping, prospecting and sampling programs being proposed for the Properties (the 'Programs'), actual results of exploration activities, including the Programs, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading as well as those factors discussed under the heading 'Risk Factors' in the Company's annual management's discussion and analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at
Globe and Mail
02-03-2025
- Business
- Globe and Mail
Latin Metals Identifies Geophysical Anomalies at Cerro Bayo, Santa Cruz, Argentina
VANCOUVER, British Columbia, March 02, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ('Latin Metals' or the 'Company') - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce the identification of significant geophysical anomalies at its Cerro Bayo project (' Cerro Bayo ' or the ' Project '), located in the Deseado Massif, Santa Cruz Province, Argentina. The Company has completed purchase of historical exploration data collected by a previous operator at the project, including a 130-line-km gradient array Induced Polarization (' IP ') geophysical survey. The survey highlights pronounced chargeability and resistivity anomalies, spatially associated with historical drill targets identified by Barrick, and there is a strong correlation of chargeability anomalies with previously mapped mineralized structures. Importantly the anomalous geophysical trends are open to the northwest (Figure 1). Figure 1: Interpretation of gradient array IP data at Cerro Bayo showing chargeability (left) and resistivity (right) anomalies coincident with mapped mineralized veins and open to the northwest. Geophysical survey interpretation Gradient array IP is a well-established geophysical technique widely used in the exploration of low-sulfidation epithermal vein deposits, such as those found in the Deseado Massif. In these environments, chargeability anomalies typically indicate the presence of sulfide mineralization, while high resistivity values are often associated with quartz-rich and chalcedonic vein systems. Coincident high chargeability and high resistivity is the classic geophysical signature that geophysicists want to see in the Deseado Massif. We see this geophysical signature at Cerro Bayo (Figure 1) where outcropping structures and veins correlate well with high chargeability and high resistivity zones. The trend seen in the outcrops and the geophysical data is N30W, which is not only observed at Cerro Bayo, but also at other exploration projects and producing mines in the Deseado massif. Notably, the Eugenia and Gabriela target areas—historically outlined by Barrick—align with the highest-intensity geophysical anomalies. Additionally, while the historical survey covers only a portion of the Cerro Bayo property, all major anomalies remain open to the northwest, suggesting further potential. New exploration targets, including the Julia/Elena and Lara zones, have also emerged, revealing unrecognized strike extensions that warrant additional follow-up. Cerro Bayo and Regional Significance Cerro Bayo is situated within the highly prospective Deseado Massif, a prolific mining region known for its world-class gold and silver deposits. The area has a strong history of mining activity and hosts several producing and past-producing mines, underscoring its significant exploration potential. The mineralization at Cerro Bayo is consistent with epithermal gold-silver systems, which have yielded high-grade deposits across the region. Latin Metals' exploration efforts at the project benefit from an extensive historical dataset compiled by previous operators, including Barrick Gold, providing a strong foundation for ongoing and future work. Argentina's mining sector continues to attract growing foreign investment, driven by its rich mineral endowment and an evolving regulatory framework. The Santa Cruz province, in particular, plays a key role in the country's gold and silver production. Latin Metals' Cerro Bayo and La Flora projects align with this broader industry trend, reflecting the Company's commitment to systematic exploration and value generation through strategic partnerships. Latin Metals' recent exploration work at Cerro Bayo builds on Barrick's historical data. In late 2024, the Company expanded mapping efforts at Cerro Bayo and initiated exploration at La Flora for the first time. This work has standardized lithological interpretations across both areas, reinforcing the potential for further discoveries. Latin Metals Attends PDAC 2025 – Booth #2329 Latin Metals is currently attending PDAC 2025 in Toronto from March 2-5, 2025, engaging with investors and industry leaders to discuss its prospect generator model and exploration projects in Argentina & Peru. Visit us at Booth #2329 or schedule a meeting at info@ About Latin Metals Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America. The Company operates with a Prospect Generator model focusing on the acquisition of prospective exploration properties at minimum cost, completing initial evaluation through cost-effective exploration to establish drill targets, and ultimately securing joint venture partners to fund drilling and advanced exploration. Shareholders gain exposure to the upside of a significant discovery without the dilution associated with funding the highest-risk drill-based exploration. Stay up-to-date on Latin Metals developments by joining our online communities on X, Facebook, LinkedIn and Instagram. QA/QC The geophysical survey conducted over a total of 133 linear kilometers following a southwest to northeast orientation (N50E). Within the Project, the surveyed lines range in length from 380 meters to 7.9 kilometers, with a separation of 250 meters between each line. The geophysical survey was executed utilizing an IP transmitter IRI VIP 3000 (3.0 kW), with electrodes deployed in direct contact with the ground via stainless steel rods. The survey employed a Gradient Array configuration, featuring a 25-meter spaced Dipole, with Bipole lengths set at 2,000 and 3,000 meters per designated zone. Qualified Person Keith J. Henderson, is the Company's qualified person as defined by NI 43-101 and has reviewed the scientific and technical information that forms the basis for portions of this news release. He has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an employee of the Company and holds securities of the Company. On Behalf of the Board of Directors of LATIN METALS INC. ' Keith Henderson ' President & CEO For further details on the Company readers are referred to the Company's web site ( and its Canadian regulatory filings on SEDAR+ at For further information, please contact: Keith Henderson Suite 890 - 999 West Hastings Street, Vancouver, BC, V6C 2W2 Phone: 604-638-3456 E-mail: info@ Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the anticipated content, commencement, timing and cost of exploration programs in respect of the Property and otherwise, anticipated exploration program results from exploration activities, and the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the Properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company's Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company's ability to comply with environmental, health and safety laws. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Properties, including the geological mapping, prospecting and sampling programs being proposed for the Properties (the "Programs"), actual results of exploration activities, including the Programs, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading as well as those factors discussed under the heading 'Risk Factors' in the Company's annual management's discussion and analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at
