Latin Metals Inc. Expands Copper Exploration Footprint with Acquisition of Solario Copper Project, Argentina

VANCOUVER, British Columbia, June 05, 2023 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) (OTCQB: LMSQF) a leading mineral exploration company in South America, announces that it has entered into an agreement with Geoterra SRL (“Geoterra”), pursuant to which Latin Metals has purchased from Geoterra (via an indirect subsidiary of Latin Metals), a 100% interest in the Solario copper project (“Solario” or the “Project”), for total cash consideration of $1,000,000 Argentine pesos. The Solario project, located in Salta Province (“Salta”), northwest Argentina, is prospective for sediment-hosted copper deposits within the Cretaceous belt in central Salta. This strategic acquisition further solidifies Latin Metals’ position as a pioneer in sediment-hosted copper exploration in northwest Argentina.

Solario Project Highlights

• Solario Acquisition: Latin Metals has acquired a 100% interest in the Solario copper project, covering an extensive 170,000 hectares in Salta. This acquisition significantly expands the Company’s regional sediment-hosted copper exploration footprint.
• Exploration Potential: The Solario project, situated in the Cretaceous belt in central Salta, has significant potential to host sediment-hosted copper deposits. Initial reconnaissance sampling at the nearby Mirador project, also owned by Latin Metals, has already demonstrated promising mineralization grading 2.4% copper, providing proof-of-concept for the style of mineralization (previous news release January 17, 2023).
• Underexplored Region: Latin Metals recognized the untapped exploration potential in the rift area of central Salta. The Cretaceous rocks and geological characteristics of this belt resemble those found in sediment-hosted copper deposits globally. The Company’s focus on this region aligns with its strategy to unlock the substantial potential for copper mineralization in these underexplored territories.
• Planned Exploration: Latin Metals plans to initiate a comprehensive, large-scale regional stream sediment sampling program covering both the Mirador and Solario projects. This program aims to prioritize targets for follow-up exploration and highlight the most prospective areas. The Company’s exploration approach, including geochemical screening, ensures efficient identification of high-potential zones.

“As a first mover in sediment-hosted copper exploration in northwest Argentina, Latin Metals is committed to unlocking the untapped potential of this region. The planned exploration will be the first modern exploration directed towards the discovery of large-scale sediment-hosted copper mineralization in this part of South America. Over the past months, we have been focused on growing our copper exploration footprint in Argentina, and the acquisition of the Solario project represents and significant step in that growth plan,” stated Keith Henderson, Latin Metals’ CEO. “The acquisition of the Solario project adds a significant 170,000 hectares to our exploration program and represents a key milestone in our growth strategy.”