AngloGold Ashanti to Commence Drilling at Organullo Gold Project, Salta Province, Argentina
Latin Metals (OTCQB: LMSQF) announced that AngloGold Ashanti will commence drilling at the Organullo Gold Project in Argentina's Salta Province. The Phase I program includes 10 drill holes totaling 6,000m, with first results expected in Q1 2026.
AngloGold Ashanti has an option to earn up to 80% interest in Latin Metals' Organullo, Ana Maria, and Trigal Gold projects. The company is targeting a multi-million-ounce, Tier 1 discovery, using Salares Norte as a technical analogy. Three previously unexplored, advanced argillic alteration zones have been identified along a 6km-long strike length.
Additionally, Latin Metals secured rights to the Malena VII mining property, which is contiguous with the recently acquired Malena VI property and the existing Organullo project.
Latin Metals (OTCQB: LMSQF) ha annunciato che AngloGold Ashanti inizierà le perforazioni presso il Organullo Gold Project nella provincia di Salta, in Argentina. Il programma della Fase I comprende 10 pozzi per un totale di 6.000 m, con i primi risultati attesi nel primo trimestre del 2026.
AngloGold Ashanti ha un'opzione per ottenere fino all'80% di interesse nei progetti Organullo, Ana Maria e Trigal di Latin Metals. L'azienda punta a una scoperta multimilonaria di once, di livello Tier 1, utilizzando Salares Norte come analogia tecnica. Sono state identificate, lungo una linea di strike di 6 km, tre zone di alterazione argillitica avanzata previamente inesplorate.
Inoltre, Latin Metals ha assicurato i diritti sulla proprietà mineraria Malena VII, contigua sia alla Malena VI recentemente acquisita sia al progetto Organullo esistente.
Latin Metals (OTCQB: LMSQF) anunció que AngloGold Ashanti dará inicio a perforaciones en el Organullo Gold Project, en la provincia de Salta, Argentina. El programa de la Fase I incluye 10 hoyos de perforación por un total de 6,000 m, y se esperan los primeros resultados para el primer trimestre de 2026.
AngloGold Ashanti tiene la opción de obtener hasta un 80% de interés en los proyectos Organullo, Ana Maria y Trigal de Latin Metals. La compañía apunta a un descubrimiento de varias millones de onzas, de nivel Tier 1, tomando a Salares Norte como analogía técnica. Se han identificado, a lo largo de una traza de strike de 6 km, tres zonas de alteración argílica avanzada previamente no exploradas.
Además, Latin Metals aseguró derechos sobre la propiedad minera Malena VII, contigua a la recientemente adquirida Malena VI y al proyecto Organullo.
Latin Metals (OTCQB: LMSQF)가 AngloGold Ashanti가 아르헨티나 살타 주 Organullo 금광 프로젝트에서 시추를 시작할 것이라고 발표했습니다. 1단계 프로그램은 총 6,000m의 시추공 10개를 포함하며, 최초 결과는 2026년 1분기에 기대됩니다.
AngloGold Ashanti는 Latin Metals의 Organullo, Ana Maria 및 Trigal 금 프로젝트에서 최대 80%의 지분을 취득할 수 있는 옵션을 보유하고 있습니다. 이 회사는 Salares Norte를 기술적 비유로 삼아 다중 수백만 온스 규모의 Tier 1 발견을 목표로 하고 있습니다. 6km 길이의 스트라이크를 따라 이전에 탐사되지 않았던 세 곳의 고급 점토화 변환대가 확인되었습니다.
또한 Latin Metals는 Malena VI 부지에 최근 인수한 Malena VI 및 기존 Organullo 프로젝트와 인접한 Malena VII 광산 부지에 대한 권리를 확보했습니다.
Latin Metals (OTCQB: LMSQF) a annoncé qu'AngloGold Ashanti va commencer des forages sur le projet aurifère Organullo, dans la province de Salta, en Argentine. Le programme de la phase I comprend 10 puits totalisant 6 000 m, avec les premiers résultats attendus au premier trimestre 2026.
AngloGold Ashanti dispose d'une option pour obtenir jusqu'à 80 % d'intérêts dans les projets Organullo, Ana Maria et Trigal de Latin Metals. L'entreprise vise une découverte de plusieurs millions d'onces, de rang Tier 1, en s'inspirant de Salares Norte comme analogie technique. Trois zones d'altération argillitique avancée, auparavant non explorées, ont été identifiées le long d'un strike mesurant 6 km.
De plus, Latin Metals a acquis des droits sur la propriété minière Malena VII, contiguë à Malena VI récemment acquise et au projet Organullo existant.
Latin Metals (OTCQB: LMSQF) gab bekannt, dass AngloGold Ashanti mit Bohrungen im Organullo Gold Project in der Provinz Salta, Argentinien, beginnen wird. Das Phase-I-Programm umfasst 10 Bohrlöcher mit insgesamt 6.000 m, erste Ergebnisse werden im Q1 2026 erwartet.
AngloGold Ashanti hat eine Option, bis zu 80 % der Anteile an Latins Metalls Organullo-, Ana Maria- und Trigal-Projekten zu erwerben. Das Unternehmen zielt auf eine Mehr-Millionen-Unzen-Tier-1-Entdeckung ab und verwendet Salares Norte als teknische Analogie. Drei zuvor unerschlossene, fortgeschrittene argillitische Veränderungszonen wurden entlang einer 6 km langen Strike-Linie identifiziert.
Zusätzlich hat Latin Metals Rechte an der Malena VII-Minenfläche erworben, die angrenzend an Malena VI liegt, die kürzlich erworben wurde, sowie an dem bestehenden Organullo-Projekt.
Latin Metals (OTCQB: LMSQF) أعلنت أن AngloGold Ashanti ستبدأ الحفريات في مشروع Organullo الذهبي في مقاطعة سالتا بالأرجنتين. يشمل برنامج المرحلة الأولى 10 آبار بطول إجمالي 6,000 م، بينما من المتوقع الحصول على النتائج الأولى في الربع الأول من عام 2026.
لدى AngloGold Ashanti خيار للحصول على ما يصل إلى 80% من الاهتمام في مشاريع Organullo وAna Maria وTrigal التابعة لـ Latin Metals. تستهدف الشركة اكتشافاً يقدر بملايين الأوقيات من الذهب، من فئة Tier 1، باستخدام Salares Norte كمِثال تقني. تم تحديد ثلاث مناطق تحول أرغيللي متقدمة لم تُستكشف من قبل بطول خط تصعيد بطول 6 كيلومترات.
بالإضافة إلى ذلك، حصلت Latin Metals على حقوق في ملكية Malena VII التعدينية، المتاخمة لـ Malena VI الممنوحة حديثاً والمشروع Organullo القائم.
Latin Metals (OTCQB: LMSQF)宣布，AngloGold Ashanti将开始在阿根廷萨尔塔省的Organullo金矿项目进行钻探。第一阶段计划包括10口钻孔，总计6,000米，预计2026年第一季度出初步结果。
AngloGold Ashanti有权选择在Latin Metals的Organullo、Ana Maria和Trigal金矿项目中获得最高80%的权益。公司目标是在 Salares Norte 的技术类比下，实现多百万盎司、Tier 1级别的发现。沿着一条6公里长的走向线，已识别出3个此前未勘探的高级粘土改造区。
此外，Latin Metals获得了Malena VII矿区的权利，该矿区与最近收购的Malena VI以及现有的Organullo项目相邻。
- AngloGold Ashanti's commitment to significant drilling program demonstrates project potential
- Option agreement allows for up to 80% interest from major mining company AngloGold Ashanti
- Strategic acquisition of Malena VII property expands project footprint
- Target analogous to Salares Norte deposit with 3.4Moz proven and probable reserves
- First drill results not expected until Q1 2026
- Early-stage exploration with no guaranteed success
- Significant dilution of ownership (up to 80%) if option is exercised
VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce that AngloGold Argentina Exploraciones S.A. ("AngloGold Ashanti"), a wholly owned subsidiary of AngloGold Ashanti plc (NYSE: AU) plans to begin drilling at the Organullo Gold Project ("Organullo" or the ("Project"), in Salta Province, Argentina. AngloGold Ashanti has an option (the "Option") to earn up to an
Keith Henderson, President & CEO of Latin Metals, commented “Organullo is one of the most compelling untested gold exploration targets in South America and a high priority greenfields exploration project for AngloGold Ashanti. We are pleased to see AngloGold Ashanti moving the project into the drilling phase, which represents a significant milestone for the Project and for Latin Metals shareholders. This drill program will provide the first real test of this potentially large-scale gold system.”
Figure 1: Organullo project highlighting AngloGold Ashanti’s three target areas,
permitted drill holes, historical drill holes, and the recently acquired Malena VII property.
AngloGold Ashanti Planned Drilling
AngloGold Ashanti is targeting a multi-million-ounce, Tier 1 discovery using Salares Norte as a technical analogy (Gold Fields Limited, proven and probable reserve (2024); 3.4Moz grading 5.36 g/t gold). Three previously unexplored, advanced argillic alteration zones have been identified for initial testing, along a 6km-long strike length. District-scale geophysical anomalies, structural interpretation, surface geochemical data and hyperspectral data further support the potential for discovery of gold mineralization.
Readers are cautioned that the Salares Norte gold deposit analogy mentioned above is located in Chile and that Latin Metals has no interest on or right to acquire any interest in the deposit, and that mineral deposits on similar properties, and any production therefrom or economics thereto, are not in any way indicative of mineral deposits at Organullo or the potential production from, or cost or economics of, any future mining of any of Latin Metals’ mineral properties.
Malena VII Acquisition
The Company also reports that following an application submitted to the mining authorities in Salta Province, the Company has secured rights to the Malena VII mining property (“Malena VII”) (Figure 1). Malena VII is contiguous with the recently acquired Malena VI property (previous news release dated July 28, 2025) and the existing Organullo gold project, and will form part of the properties included in the existing Option with AngloGold Ashanti.
Qualified Person
Eduardo Leon, QP, is the Company's qualified person as defined by NI 43-101 and has reviewed the scientific and technical information that forms the basis for portions of this news release. He has approved the disclosure herein. Mr. Leon is not independent of the Company, as he is an officer of the Company and holds securities of the Company.
About Latin Metals
Latin Metals Inc. is a copper, gold and silver exploration company operating in Peru and Argentina under a prospect generator model, minimizing risk and dilution while maximizing discovery potential. With 18 projects, the company secures option agreements with major mining companies to fund exploration. This approach provides early-stage exposure to high-value mineral assets.
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On Behalf of the Board of Directors of
LATIN METALS INC.
“Keith Henderson”
President & CEO
For further details on the Company readers are referred to the Company's web site (www.latin-metals.com) and its Canadian regulatory filings on SEDAR+ at www.sedarplus.com.
For further information, please contact:
Keith Henderson
Suite 890 - 999 West Hastings Street,
Vancouver, BC, V6C 2W2
E-mail: info@latin-metals.com
Elyssia Patterson, VP Investor Relations
Email: elyssia@latin-metals.com
Phone: 778-683-4324
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the anticipated content, commencement, timing and cost of exploration programs in respect of the Property and otherwise, anticipated exploration program results from exploration activities, and the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the Properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company’s Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company’s ability to comply with environmental, health and safety laws.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Properties, including the geological mapping, prospecting and sampling programs being proposed for the Properties (the "Programs"), actual results of exploration activities, including the Programs, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading as well as those factors discussed under the heading “Risk Factors” in the Company’s annual management’s discussion and analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company’s profile on the SEDAR+ website at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward looking statements. Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/945dbf88-3f5e-40c6-bf04-82802b9edc40
FAQ
What is the size of AngloGold Ashanti's planned drilling program at LMSQF's Organullo Gold Project?
When will Latin Metals (LMSQF) receive the first drill results from Organullo?
What percentage can AngloGold Ashanti earn in Latin Metals' projects?
What is the size of the exploration target at Organullo Gold Project?
What new property did Latin Metals acquire near Organullo?
