Monday Moves From Mineral Exploration Junior Miner

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Monday, February 10, 2025

Peru’s Coastal Copper Belt is a well-established mining region known for hosting world-class copper deposits. The area benefits from well-developed infrastructure, including road access, power, and proximity to ports, facilitating efficient exploration and potential future development.  Canadian shares of this miner are moving higher in Monday trade following a data purchase agreement that will help advance this company to the next stages of development. 

South American leading mineral exploration company Latin Metals Inc. (TSXV: LMS) (OTCQB: LMSQF) announced that it has executed a data purchase agreement with Vale Exploration Peru S.A.C., a wholly owned subsidiary of Vale Canada Limited. Under the terms of the agreement, Vale has delivered a comprehensive package of exploration data covering Latin Metals’ 100%-owned Para copper project and extending to the surrounding area.  

Keith Henderson, CEO of Latin Metals had this to say, “Vale’s extensive exploration work at Para provides invaluable technical insight, significantly enhancing our ability to advance the project with a more targeted and cost-effective approach.”

This data acquisition represents a significant advantage, as it allows Latin Metals to leverage Vale’s extensive prior work, minimizing risk and accelerating the next stages of exploration. Vale’s exploration efforts identified four drill targets, and historically, Vale completed drill permits, providing a strong indication that Para is a project where new drill permits could be obtained.

The Para Copper Project covers 1,900 hectares, where Latin Metals' exploration has identified extensive surface copper mineralization. Geochemical sampling has returned copper values ranging from 251 ppm to 1,505 ppm, and molybdenum mineralization up to 46 ppm. Two primary anomalous zones, including a 2,000m x 1,000m area, have been delineated, highlighting the project's substantial potential for copper discoveries.

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