Lacsha is located approximately 110 km by road from Lima, 40 km from the coast, and is accessible year-round by paved road. The 4,000-hectare Lacsha project was selected for staking based on the results of historical multi-element geochemistry and anomalies that extend over an area measuring 5.0 km x 2.5 km. The claims lie immediately south and contiguous with a large block hosting Newmont Corporation's Sumacwayra copper-molybdenum discovery.
Lacsha is located within the Cretaceous age Coastal Copper Belt where recent discoveries include copper porphyry, VMS, IOCG and intrusion-related gold deposits. Lacsha is prospective for copper-molybdenum porphyry and associated mineralization; geochemical anomalies have already been defined over an area of 5.0 km by 2.5 km. The Coastal Copper Belt in Peru has been a focus for recent discoveries over the last 15years, however much of the exploration effort has been focused in southern Peru, leaving much of the central and northern portions of the belt significantly under-explored.
Historical geochemistry includes 21 stream sediment samples, which define multi-element anomalies across 6 drainages, with copper assay results ranging from 125 ppm to 969 ppm. Results from 13 rock chip samples range from 23.6 ppm to 2,679 ppm (0.26%) copper and from <1 to 427 ppm molybdenum. Stream sediment sampling has indicated clear metal zonation across the survey area, with a central area of copper-molybdenum anomalies and distal silver and zinc-lead anomalies. Copper and molybdenum show a strong correlation coefficient of 0.92.
Latin Metals plans to complete mapping combined with surface geochemistry in Q3 2020. Stream sediment sampling has historically worked well in defining anomalous areas and an additional 50 stream sediment samples will expand geochemical coverage within the Lacsha project. In tandem with this work and geological mapping, approximately 100 rock chip samples will be collected.