Latin Metals Expands Organullo Gold Project, Salta Province, Argentina
Latin Metals (OTCQB: LMSQF) has expanded its Organullo gold project in Salta Province, Argentina through the acquisition of the 1,032-hectare Malena VI mining property. The new property will be included in an existing option agreement with AngloGold Ashanti, which allows AngloGold to earn up to an 80% interest in Latin Metals' Organullo, Ana Maria, and Trigal Gold projects.
The strategic acquisition extends the prospective northeast-southwest structural corridor by nearly 4 kilometers toward the southwest, creating new opportunities for target generation near established targets. Latin Metals operates under a prospect generator model across 18 projects in Peru and Argentina, partnering with major mining companies to fund exploration while minimizing risk and dilution.
Latin Metals (OTCQB: LMSQF) ha ampliato il suo progetto aurifero Organullo nella provincia di Salta, Argentina, attraverso l'acquisizione della proprietà mineraria Malena VI di 1.032 ettari. La nuova proprietà sarà inclusa in un accordo di opzione esistente con AngloGold Ashanti, che consente ad AngloGold di acquisire fino a un 80% di interesse nei progetti Organullo, Ana Maria e Trigal Gold di Latin Metals.
Questa acquisizione strategica estende il corridoio strutturale prospettico da nord-est a sud-ovest di quasi 4 chilometri verso sud-ovest, creando nuove opportunità per la generazione di obiettivi vicino a quelli già consolidati. Latin Metals opera con un modello di prospect generator su 18 progetti in Perù e Argentina, collaborando con grandi compagnie minerarie per finanziare l'esplorazione, riducendo al minimo rischi e diluizione.
Latin Metals (OTCQB: LMSQF) ha ampliado su proyecto aurífero Organullo en la provincia de Salta, Argentina, mediante la adquisición de la propiedad minera Malena VI de 1,032 hectáreas. La nueva propiedad será incluida en un acuerdo de opción existente con AngloGold Ashanti, que permite a AngloGold obtener hasta un 80% de participación en los proyectos Organullo, Ana Maria y Trigal Gold de Latin Metals.
Esta adquisición estratégica extiende el corredor estructural prospectivo noreste-suroeste casi 4 kilómetros hacia el suroeste, creando nuevas oportunidades para generar objetivos cerca de los ya establecidos. Latin Metals opera bajo un modelo de generador de prospectos en 18 proyectos en Perú y Argentina, asociándose con grandes compañías mineras para financiar la exploración mientras minimiza riesgos y dilución.
Latin Metals (OTCQB: LMSQF)는 아르헨티나 살타 주에 위치한 Organullo 금 프로젝트를 1,032헥타르 규모의 Malena VI 광산 부지 인수를 통해 확장했습니다. 새로운 부지는 AngloGold Ashanti와 체결된 기존 옵션 계약에 포함되며, 이 계약을 통해 AngloGold는 Latin Metals의 Organullo, Ana Maria 및 Trigal Gold 프로젝트에서 최대 80%의 지분을 획득할 수 있습니다.
이번 전략적 인수로 전망이 밝은 북동-남서 방향 구조적 지대가 남서쪽으로 거의 4킬로미터 확장되어 기존 목표 인근에서 새로운 타깃 발굴 기회를 창출합니다. Latin Metals는 페루와 아르헨티나의 18개 프로젝트에서 프로스펙트 제너레이터 모델을 운영하며, 주요 광산 회사들과 협력해 탐사를 자금 지원받아 위험과 희석을 최소화하고 있습니다.
Latin Metals (OTCQB : LMSQF) a étendu son projet aurifère Organullo dans la province de Salta, en Argentine, par l'acquisition de la propriété minière Malena VI de 1 032 hectares. La nouvelle propriété sera intégrée dans un accord d'option existant avec AngloGold Ashanti, qui permet à AngloGold d'acquérir jusqu'à 80 % d'intérêt dans les projets Organullo, Ana Maria et Trigal Gold de Latin Metals.
Cette acquisition stratégique prolonge le corridor structural prospectif nord-est/sud-ouest de près de 4 kilomètres vers le sud-ouest, créant de nouvelles opportunités pour générer des cibles à proximité de celles déjà établies. Latin Metals fonctionne selon un modèle de générateur de prospects sur 18 projets au Pérou et en Argentine, en partenariat avec de grandes compagnies minières pour financer l'exploration tout en minimisant les risques et la dilution.
Latin Metals (OTCQB: LMSQF) hat sein Organullo-Goldprojekt in der Provinz Salta, Argentinien, durch den Erwerb der 1.032 Hektar großen Malena VI Bergbaufläche erweitert. Das neue Grundstück wird in eine bestehende Optionsvereinbarung mit AngloGold Ashanti aufgenommen, die AngloGold ermöglicht, bis zu 80% Beteiligung an den Organullo-, Ana Maria- und Trigal Gold-Projekten von Latin Metals zu erwerben.
Der strategische Erwerb verlängert den vielversprechenden nordost-südwestlichen Strukturkorridor um fast 4 Kilometer nach Südwesten und schafft neue Chancen zur Zielgenerierung in der Nähe etablierter Ziele. Latin Metals arbeitet nach einem Prospect-Generator-Modell über 18 Projekte in Peru und Argentinien und kooperiert mit großen Bergbauunternehmen, um die Exploration zu finanzieren und gleichzeitig Risiko und Verwässerung zu minimieren.
- Strategic expansion of Organullo gold project with 1,032-hectare addition
- Property included in existing option agreement with major player AngloGold Ashanti
- Extends prospective structural corridor by 4km, enhancing exploration potential
- Operates under prospect generator model across 18 projects, reducing financial risk
- Potential dilution of up to 80% interest in projects through AngloGold Ashanti option agreement
- Early-stage exploration with no defined mineral resources yet
- Subject to various operational and regulatory risks in Argentina
VANCOUVER, British Columbia, July 28, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") (TSXV: LMS) (OTCQB: LMSQF) is pleased to report that following an application submitted to the mining authorities in Salta Province, the Company has secured rights to the 1,032-hectare Malena VI mining property (the "Malena VI") (Figure 1). Malena VI is contiguous with the existing Organullo gold project and will form part of the properties included in an existing option agreement (the "Option") with AngloGold Argentina Exploraciones S.A. ("AngloGold Ashanti"), a wholly owned subsidiary of AngloGold Ashanti plc. (NYSE: AU) under the terms of which AngloGold Ashanti has an option to earn up to an
Figure 1: Location of newly acquired Malena VI property relative to the existing Organullo Gold Project. Background image is Total Magnetic Intensity (reduced to pole).
"This acquisition provides a meaningful addition to the Organullo gold exploration project, extending the prospective northeast-southwest structural corridor by nearly 4km toward the southwest," stated Keith Henderson, Latin Metals' President & CEO. "This expansion opens new opportunities for additional target generation in close proximity to already-established targets."
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 employee 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 website (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
Phone: 604-638-3456
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/076cf434-e208-42ce-b59c-711973011ad1
FAQ
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