Positive Results Reinforce Potential Porphyry and Skarn Mineralization at Blanco and Tinto Zones, Auquis Project - Seite 3

Coastal Copper Belt

The Coastal Copper Belt in Peru is a Cretaceous belt hosting a variety of deposit types including Porphyry, Epithermal, VMS and IOCG. Latin Metals has a total of six 100%-owned copper exploration properties in the Coastal Belt. The Company’s Lacsha copper-molybdenum project is drill ready and fully permitted for drilling. The Auquis copper-molybdenum-gold project is advanced and expected to be drill ready in 2023. Exploration at Tillo and Para properties is ongoing in Q3.

QA/QC

The work program at Auquis was designed and supervised by Eduardo Leon, the Company's Exploration Manager, who is responsible for all aspects of the work, including the quality control/quality assurance program.

On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped. Soil samples at the project are analyzed by one of two methods (i) analysis at the ALS laboratory in Lima where they are prepared and analyzed by multi-element analysis using an inductively coupled mass spectrometer in compliance with industry standards, or (ii) analysis at Latin Metals’ office, where readings are taken with a portable XRF Vanta C, following standard operational procedures to assure the quality of the results including use of standard and blank material. Rock samples are shipped to Bureau Veritas offices in Lima for multi-element analysis using an inductively coupled mass spectrometer in compliance with industry standards.  

The gridded image presented in Figure 1 combines new samples and samples previously collected, all of which have been analyzed using portable XRF to generate a single gridded image. Samples from the western portion of the property were collected in the field and analyzed by portable XRF. Samples from the eastern portion of the property were previously sampled and analyzed at ALS. The pulps were analyzed by portable XRF to generate comparable data prior to gridding the combined dataset.

Qualified Person

The technical content of this release has been approved for disclosure by Keith J. Henderson P.Geo, a Qualified Person as defined by NI 43-101 and the Company’s CEO. Mr. Henderson is not independent of the Company, as he is an employee of the Company and holds securities of the Company.

About Latin Metals

Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America. The Company operates with a Prospect Generator model focusing on the acquisition of prospective exploration properties at minimum cost, completing initial evaluation through cost-effective exploration to establish drill targets, and ultimately securing joint venture partners to fund drilling and advanced exploration. Shareholders gain exposure to the upside of a significant discovery without the dilution associated with funding the highest-risk drill-based exploration.