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Published by Jane Bentham,
Editorial Assistant
Global Mining Review,
Friday, 26 January 2024 15:00
Latin Metals Inc., a leading mineral exploration company in South America, has announced acquisition by staking of the 68 000 ha. Terraza copper exploration project in northwest 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 ha.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 first step is a large-scale drainage survey where the company hopes to take more than 1500 samples, essentially screening and prioritising the entire 500 000 ha. 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 mineralised outcrops.Work to date has included 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. Analysis of mineralised rock samples at Mirador is ongoing with results expected in due course.
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