- Latin Metals (LMS) has received the necessary permits to recommence work at its gold and copper exploration assets in Peru
- The company was forced to cease operations in the region when instigated COVID-19 restriction across the region’s mining industry
- In order to obtain the permits Latin Metals was required to submit a comprehensive emergency plan and sanitary working protocols to the nation’s Ministry of Health for approval
- With the permits now received, the company can restart work at its recently acquired Lacsha and Auquis copper projects, which both sit within Peru’s Coastal Copper belt
- Latin Metals (LMS) remains unchanged and is trading at C$0.12 per share
Latin Metals (LMS) has received the necessary permits to recommence work at its gold and copper exploration assets in Peru.
Earlier this year, mining operations across Peru were hit with widespread COVID-19 restrictions, impacting the countries metals sector substantially.
In order to obtain the permits Latin Metals was required to submit a comprehensive emergency plan and sanitary working protocols to the nation’s Ministry of Health for approval.
With the permits now received, the company can restart work at its recently acquired Lacsha and Auquis copper projects, which both sit within Peru’s Coastal Copper belt. Upcoming work at the sites includes mapping and geochemical sampling to define potential target areas on the sites.
The company’s President and CEO, Keith Henderson, believes the exploration at Lacsha and Auquis can be carried out in a safe manner.
“At a time when many explorers and developers have simply stopped work, we want to demonstrate that value can be created, even during challenging times. We hope that our work will allow us to define drill targets before year end,” he said.
Alongside the operational start-up, the company has appointed Dani Palahanova as its new Chief Financial Officer, replacing Blaine Bailey, who will leave the company after the transition completes. Before joining Latin Metals, Dani acted as CFO for numerous Vancouver-based mining explorer.
In another fresh appointment, Eduardo Leon has become the company’s Exploration Manager in Peru. In his newly created position, Eduardo will assist the company in expanding its asset-base in Peru.
Latin Metals (LMS) remains unchanged and is trading at C$0.12 per share at 9:40pm EDT.