Latin Metals Inc. made considerable development at its Organullo Project, where AngloGold Argentina Exploraciones S.A., a wholly owned subsidiary of AngloGold Ashanti plc., has the option to earn up to an 80% interest in the Project under an existing option agreement. AngloGold has completed an airborne geophysical study across the majority of the Project area, gathering magnetic and radiometric data.
“This extensive geophysical survey is a significant step for the Organullo project. With the survey complete, processing is in progress, and we look forward to seeing the results of the survey in due course. The data and interpretation will be integrated with existing data collected by AngloGold to help finalize drill targets. AngloGold Ashanti has submitted a drill permit for 11,900m and plans to commence drilling once this permit and other licenses are received.”
Keith Henderson, Chief Executive Officer, Latin Metals
Airborne Survey Details
Airborne geophysical surveys use sensors and devices mounted on an aircraft to acquire subsurface data. Prior to drilling, the primary purpose is to gain a better understanding of the distribution of subsurface rock types and mineralization.
Due to the utilization of aircraft to collect data, the method is more expensive than ground-based methods, but it is more efficient and virtually fully non-invasive, limiting the impact on flora, fauna, and local residents.
AngloGold's survey covered the majority of the Property in eleven days and acquired magnetic and radiometric data along 3,500 line-km. Survey lines were flown at an average flying height of 60 m above ground on a 100-meter north-south and 1,000-m east-west spacing.