Positive Results Reinforce Potential Porphyry and Skarn Mineralization at Blanco and Tinto Zones, Auquis Project

VANCOUVER, British Columbia, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) – (TSXV: LMS) OTCQB: LMSQF) announces positive results from surface sampling at the Blanco and Tinto zones, Auquis project, Peru (the “Project”). Soil and rock sampling expand and further define significant porphyry and skarn zones. Regionally, this important area appears to host a cluster of potential deposits within the Auquis property and in contiguous properties held by other companies.

Highlights of the Results:

• Robust Geochemical Signatures: The soil sampling results have unveiled robust anomalous geochemical signatures associated with both porphyry and skarn-style mineralization. These promising signatures define key targets for further exploration efforts (Figure 1).
• Porphyry Mineralization at Rose Zone: On the eastern side of the property, the Rose Zone has demonstrated substantial copper soil anomalies extending over an area of approximately 2.5km x 1.5km. This anomaly corresponds with a characteristic zinc low; a common feature in porphyry systems.
• Skarn Mineralization at Blanco Zone: The western part of the property, particularly the Blanco Zone, has yielded outcropping skarn mineralization with a prominent multi-element base metal signature. A zinc anomaly spanning 3km in length has been identified, further underscoring the zone's potential.
  

Porphyry and Skarn Geochemical Signatures

Soil sampling results highlight robust anomalous geochemical signatures associated with mapped porphyry- and skarn-style mineralization (Figure 1). On the east side of the property, porphyry-style mineralization at the Rose Zone returns a copper soil anomaly with dimensions of approximately 2.5km x 1.5km, which coincides with a zinc low, as is typically seen in porphyry systems. On the west side of the property, the Blanco Zone, outcropping skarn mineralization provides a strong, multi-element base metal signature, represented by a 3km-long zinc anomaly shown on Figure 1.

Blanco Skarn Rock Sampling

A total of 50 rock samples were collected (Figure 2) in the area surrounding the Blanco skarn discovery. Grades average 0.9% zinc, 0.44% lead, 0.33% copper, and 13 g/t silver. Grades vary from below detection to 9.31% zinc, 6.04% lead, 2.94% copper, and 176 g/t silver.

Figure 1. Gridded soil / talus sample results from the Auquis project highlighting copper anomalies surrounding the Rose porphyry zone and zinc anomalies surrounding the Blanco skarn zone. The gridded image combines new samples and samples previously collected, all of which have been analyzed using portable XRF to generate a single gridded image.