Latin Metals Provides Update on Esperanza Project, San Juan, Argentina

Core Viewpoint - Latin Metals Inc. provides an update on its copper-gold projects, Esperanza and Huachi, in San Juan province, Argentina, highlighting significant progress and future plans for exploration and development [1][2][4]. Project Update - Moxico Resources has made substantial progress at the Esperanza project, expanding the known mineralization footprint and preparing for future drill testing [2]. - Geological mapping and systematic rock sampling have identified new copper mineralization in previously unexplored areas [2]. - Dr. Richard Sillitoe confirmed the presence of multi-phase mineralized intrusions, indicating potential extensions of mineralization [2]. Environmental and Social Initiatives - Moxico is advancing environmental and social works, including hydrological studies in partnership with Argentine research institutes [3]. - A social baseline study is being conducted in the Department of Jáchal, with local staff hired for logistics and environmental monitoring [3]. Financial and Agreement Updates - The underlying option agreement for the Esperanza project has been amended, removing the vendor's right to terminate due to project delays, with a new payment schedule established [5][7]. - Total payments to acquire a 100% interest in the Esperanza property amount to USD 2,306,000, with specific milestone payment dates outlined [5][6]. - Moxico has aligned its earn-in obligations with the amended terms, extending its drilling commitment into 2026, with a total of 15,000 meters of drilling planned for that year [8][10]. Company Overview - Latin Metals Inc. operates as a copper, gold, and silver exploration company in Peru and Argentina, utilizing a prospect generator model to minimize risk and maximize discovery potential [11].