Latin Metals Provides Update on Partner-Funded Exploration, Cerro Bayo Gold–Silver Project, Argentina
Rhea-AI Summary
Latin Metals (OTCQB: LMSQF) reported that partner Daura Gold completed ~27 line-km of pole–dipole IP surveying at the Cerro Bayo gold–silver project and defined 15 priority drill targets by integrating new IP data with historical geochemistry and prior surveys. A 1,500 metre partner-funded diamond drilling program (planned as 22 holes) is expected to start in mid‑February 2026; Cerro Bayo is fully drill permitted. Daura has also started a regional gradient-array IP survey in the northern project area to refine follow-up targets. Latin Metals will attend Q1 2026 investor conferences to discuss exploration progress and its prospect-generator model.
Positive
- Partner-funded 1,500 m diamond drill program planned (22 holes)
- 15 priority drill targets defined from integrated IP and geochemistry
- 27 line-km of pole–dipole IP completed to refine targets
- Cerro Bayo is fully drill permitted, enabling mid‑Feb 2026 start
Negative
- No assay or drilling results yet; exploration outcomes remain unproven
VANCOUVER, British Columbia, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") (TSXV: LMS) (OTCQB: LMSQF) is pleased to provide an update on exploration activities at the Cerro Bayo Gold–Silver Project, where its option partner, Daura Gold Corp. ("Daura"), has completed approximately 27 line-km of pole–dipole induced polarization ("IP") surveying over previously identified target areas to refine drill targets ahead of a planned 1,500 meters diamond drilling program , expected to commence in mid-February 2026. Cerro Bayo is fully drill permitted.
The IP survey has delineated multiple chargeability and resistivity anomalies interpreted to reflect structurally controlled zones, including silicified veins and potential mineralizing conduits. Integration of the IP data with historical geochemical sampling and earlier gradient array IP surveys has resulted in the definition of 15 priority drill target areas. A total of 22 drill holes are planned to be completed in this phase of drilling.
In parallel with preparation for the Phase 1 drill program, Daura has initiated a regional gradient array IP survey in the northern portion of the project area. Results from this work will be incorporated into ongoing target definition and planning for potential follow-up drilling.
Upcoming Events
Latin Metals is pleased to announce its participation in several Q1 2026 industry conferences, providing a platform to connect with investors, industry leaders, and potential partners:
- VRIC – Vancouver, January 25-26, 2026
- CEM – Whistler, February 6-8, 2026
- PDAC – Toronto, March 1–4, 2026
These events offer valuable opportunities to share Latin Metals’ exploration progress in Argentina and Peru, highlight the advantages of its low-dilution prospect generator model, and explore strategic investment and partnership opportunities across its gold, copper, and silver-focused portfolio.
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. The company secures option agreements with partners to fund exploration. This approach provides early-stage exposure to high-value mineral assets. Latin Metals is actively seeking new strategic partners to advance its portfolio.
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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.
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 870 – 320 Granville Street,
Vancouver, BC, V6C 1S9
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.
FAQ
What exploration work did Latin Metals announce for Cerro Bayo (LMSQF) on Jan 20, 2026?
When will the Cerro Bayo diamond drill program for LMSQF start and how large is it?
Is Cerro Bayo drill permitted for Latin Metals (LMSQF)?
How were the 15 priority drill targets at Cerro Bayo identified for LMSQF?
Will Latin Metals (LMSQF) present its Cerro Bayo update at investor conferences in Q1 2026?
