Canadian mineral exploration company Latin Metals has purchased a 100% interest in the Yanba copper exploration project in the Coastal Coper Belt, Peru.
The 4,000ha Yanba project has been acquired from an undisclosed firm following the completion of an extensive regional stream sediment survey, which covered 200km² with 35 samples.
Latin Metals selected the area for staking due to its consistent copper anomalies and geological similarities to the nearby Lacsha copper-molybdenum project.
Latin Metals president and CEO Keith Henderson said: “We acquired the Lacsha copper project in 2020, following completion of a stream sediment survey in the area, and subsequent work there, has resulted in the discovery of significant copper mineralisation at surface.
“At Yanba, we have not deviated from this methodology – we screened 200km² with geochemistry and the results pointed to a core area of copper anomalies, which we have now acquired.”
The project is situated close to Latin Metals’ Lacsha copper project, where extensive copper mineralisation was identified following exploration work.
Latin Metals is due to finalise drill targets at the Lacsha project by year-end.
Henderson added: “We are using these regional screening tools to identify areas that we can acquire 100% through low-cost claim staking and we will continue to stake new projects when the results of regional exploration are positive.”
Latin Metals plans to undertake systematic surface exploration at the Lacsha project. As part of this plan, the firm is in talks with the local community having the surface rights.
In September 2021, Latin Metals signed a letter of intent with AngloGold Ashanti pertaining to three gold exploration projects in Argentina.