Canadian-based Latin Metals has confirmed its acquisition of the 68,000-hectare Terraza copper project in the Juyay province of Argentina.
Latin Metals’ is a first mover in exploring sediment-hosted copper deposits in this emerging belt and, with this acquisition, increases its ground holding to more than 500,000 hectares.
“Latin Metals’ exploration efforts in northwest Argentina are focused on understanding and unlocking the potential for sediment-hosted copper deposits in this emerging belt,” the company said.
“The first step is a large-scale drainage survey where the company hopes to take more than 1,500 samples, essentially screening and prioritizing the entire 500,000-hectare land position. This ‘boots on the ground’ approach is what emerging belts need the most, and the drainage samples will be accompanied by systematic prospecting, mapping and sampling of mineralized outcrops.”
The work completed to date at the site includes 196 stream sediment samples covering approximately 60% of the Mirador copper project. Sample pulps have been prepared by a commercial laboratory, but analysis using the company’s portable XRF has been delayed by unscheduled equipment service by the manufacturer.
Latin said an analysis of mineralized rock samples at Mirador is ongoing with results expected in due course.
Explorer Latin Metals touts a diversified portfolio of assets in South America.
Source: latinmetals.com