Latin Metals Inc. has reported its acquisition of the Lacsha copper property, which is situated in the Peruvian Coastal Copper Belt.
Latin Metals is a prospect generator, and owns a range of projects in Argentina. It has been actively involved in the pursuit to secure precious metal and copper projects in Peru. Lacsha staking signifies a crucial first acquisition in Peru, and Latin Metals has been actively seeking several other opportunities in the country.
In the Cretaceous age Coastal Copper Belt, the latest explorations yielded IOCG, VMS, copper porphyry, and intrusion-related gold deposits. Lacsha holds the potential for copper-molybdenum porphyry and related mineralization. Previously, geochemical anomalies were outlined along an area of 5.0 km x 2.5 km.
Although recent discoveries in the past 15 years have focused on the Coastal Copper Belt in Peru, a majority of the exploration has been focused in southern Peru, which has left considerable areas of the northern and central portions of the belt mostly under-explored.
Lacsha Copper Project
The Lacsha Copper Project, which is situated about 40 km from the coast and around 110 km by road from Lima, can be accessed all year by paved road. Covering an area of 4,000 hectares, the Lacsha project was chosen for staking on the basis of the results of historical multi-element geochemistry and anomalies extending across an area of 5 km by 2.5 km.
The claims are located immediately south of and adjacent to a large block that hosts the Sumacwayra copper-molybdenum discovery owned by Newmont Corporation.
In total, 21 stream sediment samples outline multi-element anomalies over six drainages, which include copper assay results of 125 to 969 ppm. Results from 13 rock chip samples vary from <1 to 427 ppm molybdenum and from 23.6 to 2,679 ppm (0.26%) copper.
Results of stream sediment sampling suggest evident metal zonation over the survey area, which includes distal silver and zinc-lead anomalies and a central area of copper-molybdenum anomalies. Molybdenum and copper exhibit a strong correlation coefficient of 0.92.
Latin Metals intends to finalize mapping along with surface geochemistry in the third quarter of 2020. Historically, stream sediment sampling has been found to be successful in outlining anomalous areas, and 50 more stream sediment samples will widen the geochemical coverage within the Lacsha project. Alongside this study and geological mapping, about 100 rock chip samples will be gathered.
Latin Metals has announced that it has signed two investor relations and marketing agreements. It has signed an agreement with Dig Media Inc. (dba Investing News Network). As per this agreement, INN will offer specific advertising services to Latin Metals.
As part of the services, INN will create a profile for Latin Metals, including videos, interviews, and articles associated with the company, and also general online marketing and lead generation. INN will offer such services until June 30th, 2021.
In consideration, Latin Metals will pay a fee of up to $36,000 (excluding additional taxes) to INN. INN is an independent firm based in Vancouver, British Columbia, with officers working across the world. INN is committed to offering independent news and education to investors. As far as Latin Metals knows, INN does not have any direct interest in the company or its securities.
Latin Metals has also signed an agreement with Urbane Capital Corp. (UCC), in accordance with which UCC will handle social media accounts and promote the content and design of Latin Metals’ website and presentation materials.
Moreover, UCC will support Latin Metals in configuring a CRM and marketing platform, which will help introduce the company to and communicate with institutional investors, analysts, news channels, retail investors, stakeholders, and newsletter writers to optimize news dissemination and encourage investment in Latin Metals.
Such services will be offered by UCC until October 31st, 2020, and in consideration, Latin Metals will pay an aggregate fee of $18,000 (excluding additional taxes) to UCC. UCC is an independent corporate communications and marketing firm based in Vancouver, British Columbia. As far as Latin Metals knows, the firm does not have any direct interest in the company or its securities.