- Latin Metals (LMS) has staked the Mirador Copper project in Salta Province, Argentina
- The package totals 990 sq. km. is prospective for sediment-hosted copper deposits, and initial reconnaissance has identified outcropping mineralization with one sample grading 2.4 per cent copper and 628 ppm vanadium
- The company plans to start a regional stream sediment survey covering the entire Mirador project area
- The company’s President and CEO, Keith Henderson, met with Sabrina Cuthbert to discuss the news
- Latin Metals Inc. (LMS) opened trading at C$0.13 per share
Latin Metals (LMS) has staked the Mirador Copper project in Salta Province, Argentina.
The package totals 990 sq. km. is prospective for sediment-hosted copper deposits, and initial reconnaissance has identified outcropping mineralization with one sample grading 2.4 per cent copper and 628 ppm vanadium. Geologists were able to confirm sediment-hosted copper mineralization.
The company’s President and CEO, Keith Henderson, met with Sabrina Cuthbert to discuss the news.
“Our initial mapping and sampling have provided proof of concept in the form of high-grade, sediment-hosted copper mineralization in outcrop.”
He added that the style of mineralization that has been discovered is exactly what they were looking for, and the project “ticks a lot of boxes.”
“The project area is large, and the acquisition cost was low. Sediment-hosted copper deposits elsewhere in the world tend to be large and high-grade, so we believe that acquiring prospective belts with the right geology and potential for copper mineralization make attractive projects to farm out to larger mining companies, in line with our business model.”
The company plans to start a regional stream sediment survey covering the entire Mirador project area. This work will allow the prioritization of prospective areas for detailed follow-up.
Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America.
Latin Metals Inc. (LMS) opened trading at C$0.13 per share.