- Latin Metals (LMS) has secured a drilling permit at its 100-per-cent-owned Lacsha Copper Project in the Coastal Copper Belt, Peru
- The drill permit is an FTA (Ficha Tecnica Ambiental) consisting of permission to construct all necessary access roads and 20 drill pads
- The project requires drilling to test for mineralization to depth and establish whether the chargeability anomaly could reflect higher-grade copper mineralization
- Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America
- Latin Metals Inc. was unchanged at $0.155 at 10:55 AM ET
Latin Metals (LMS) has secured a drilling permit at its 100-per-cent-owned Lacsha Copper Project in the Coastal Copper Belt, Peru.
The drill permit is an FTA (Ficha Tecnica Ambiental) consisting of permission to construct all necessary access roads and 20 drill pads, from which up to 43 drill holes may be completed to depths up to 1000m below surface.
“Surface exploration completed during 2022 successfully framed the Lacsha project as a potentially intact porphyry copper system with multiple drill-ready targets,” noted Keith Henderson, the company’s CEO.
“Surface rock chip-channel sampling has defined consistent mineralization including 52m grading 0.38 per cent copper and 237ppm molybdenum,” he added.
The company believes that while these surface grades are excellent, subsequently completed IP chargeability data points to peak chargeability below surface at approximately 100m from surface.
Consequently, the project requires drilling to test for mineralization to depth and establish whether the chargeability anomaly could reflect higher grade copper mineralization.
With the receipt of drilling permits for the Lacsha Copper Project, the company will continue to negotiate with potential partners to fund drill testing of priority targets.
Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America.
Latin Metals Inc. was unchanged at $0.155 at 10:55 AM ET.