Lacsha Copper Project

Latin Metals has 100% interest in the Lacsha Copper project within the Coastal Copper Belt in Peru. The 4,000-hectare copper-molybdenum porphyry project has community agreements in place and is permitted for drilling. Surface exploration has led to the discovery of multiple mineralized zones with consistent copper mineralization.

The company has secured a drill permit allowing the construction of access roads and 20 drill pads. Up to 43 drill holes can be completed to depths of 1000m. The project is contiguous with Newmont's Sumacwayra copper-molybdenum discovery, located north on the same regional structure.

Rock chip sampling confirmed significant copper and molybdenum values at surface, including 52m grading at 0.38% copper. An IP survey is underway to define drill targets. The project is located in the Coastal Copper Belt, known for various deposit types.

Surface lithology, structure, geochemistry, magnetic data and induced polarization data (IP) data at Lacsha are consistent with porphyry-related sulphide mineralization and strengthen a series of compelling drill targets:

• The ground magnetic survey identified several zones with highly magnetic response, which are interpreted to be associated with magnetite mineralization within a central porphyry potassic alteration. 
• The IP survey defined extensive areas of high chargeability (>20 mv/v), which is a signature often associated with sulphide mineralization.  The cores of these anomalies reach 25 mv/v at depths of approximately 100m from surface and potentially reflect copper sulphide mineralization.
• Areas of high resistivity (>2,000 ohm*m) are consistent with silicification (overlying a vertically zoned porphyry system.

Integration of surface geochemistry with geophysics is a critical step in exploration:

• Copper (>300ppm, up to 1590ppm) and molybdenum (>10ppm, up to 85ppm) anomalies (talus samples) are centered over the interpreted porphyry system where a copper-rich core may be present.
• Zinc and lead depleted above the target (proximally), with anomalous values distally, which is considered a typical geochemical zonation for upright, intact porphyry copper systems.
• The geochemistry dovetails with the surface geophysics where copper and molybdenum geochemical anomalies are coincident with magnetic (high) and IP chargeability (high) features increasing confidence in the drill targets.

Latin Metals aims to secure funding for drill testing priority targets and further explore the potential of the Lacsha Copper project.