Daura Gold Commences Exploration at Latin Metals’ Cerro Bayo Project, Santa Cruz Province, Argentina

Core Viewpoint - Latin Metals Inc. is advancing its Cerro Bayo gold-silver project in Argentina through a partnership with Daura Gold Corp, which has commenced geophysical surveying as part of its option agreement to earn up to 80% interest in the project [1][3][4]. Group 1: Project Development - Cerro Bayo is fully drill-permitted with the approval of the Environmental Impact Assessment in March 2025, allowing for 21 drill platforms [3]. - The current induced polarization (IP) work aims to refine the geometry of silicified and resistive zones identified in earlier surveys, enhancing resolution ahead of drilling [4]. - Daura is preparing for an initial 1,500-meter drill program set to begin in early 2026 [5]. Group 2: Financial Aspects - Latin Metals has received a payment of US$200,000 from Daura, paid in shares, resulting in the issuance of 744,992 common shares at a deemed price of $0.37 [11]. - The company reported aggregate proceeds of approximately $1.79 million from the exercise of stock options and warrants, indicating strong shareholder confidence [12]. - The proceeds will strengthen the company's balance sheet as it progresses with key corporate initiatives, including a proposed spin-out transaction [13]. Group 3: Strategic Position - Cerro Bayo is located in the Deseado Massif, a region known for significant mineral discoveries, including over 600 million ounces of silver and 20 million ounces of gold since 1990 [6]. - The geological setting and structural controls of Cerro Bayo are consistent with known high-grade gold-silver systems in the area [6].