Core Insights - Latin Metals Inc. has acquired additional mineral rights for its Para copper project in southern Peru, expanding the project area and securing key drill targets [1][3][4] Acquisition Details - The newly acquired claim covers 300 hectares and was purchased for US$20,000 with no royalty obligations [7][9] - This acquisition consolidates a 100%-owned land position for the Para project, which now spans 2,200 hectares [12] Exploration and Data - Exploration data from Latin Metals, combined with historical data from Vale Exploration Peru, has defined multiple high-priority drill targets [3][10] - Vale had previously identified four priority drill targets and secured permits but did not conduct drilling [10] Project Development Plans - The company plans to initiate the drill permitting process shortly and is actively seeking a partner to fund and advance the project [4][7] - The Para project is located in Peru's Coastal Copper Belt, known for its favorable geology and infrastructure [12] Historical Context - Vale Exploration Peru conducted extensive groundwork on the Para project from 2013 to 2017, including geological mapping and geophysical surveys [10] - Latin Metals has validated and expanded upon Vale's work through systematic geochemical sampling [10][12]
Latin Metals Expands Para Copper Project, Peru
GlobeNewswire News Roomยท2025-08-13 12:20