La Flora Returns Rock Sample Grade up to 14.88 g/t Gold (Ranging from 0.34 g/t Gold to 14.88 g/t Gold)
VANCOUVER, British Columbia, Sept. 05, 2019 (GLOBE NEWSWIRE) -- Latin Metals Inc.("Latin Metals" or the "Company") - (TSXV:LMS)(OTCQB: CTMID) announces that it has completed initial exploration at the La Flora ("La Flora") and Cerro Bayo ("Cerro Bayo") gold projects (together the "Projects"), located in Santa Cruz Province, Argentina. Latin Metals has an option to acquire up to a 100% interest in the La Flora and Cerro Bayo properties by way of staged cash and common share payments, subject to a net smelter returns royalty in favour of the underlying vendor (news release dated March 8, 2019). The Projects form part of a larger land package of prospective gold and silver exploration properties in Santa Cruz, which are held under option and total more than 30,000 hectares in area.
The La Flora and Cerro Bayo properties are located close to three precious metals prospects, which have been subject to recent active exploration (Figure 1); Virginia Project (Mirasol Resources Ltd.), San Augustine Oeste Project (Hochschild Mining), and the Verde Project (Yamana Gold). The exploration target for Latin Metals at the Projects is epithermal, bonanza-style vein gold and silver mineralization
La Flora Exploration and Results
Five rock samples taken by Latin Metals during recent exploration returned very encouraging results ranging from 0.35 g/t gold to 14.88 g/t gold (Table 1). These results reflect sampling at two mineralized zones, located approximately 6km apart.
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