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

Core Viewpoint - Latin Metals Inc. reports that its option partner Daura Gold Corp. has initiated induced polarization geophysical surveying at the Cerro Bayo gold-silver project in Argentina, marking a significant step towards drilling in early 2026 [1][5]. 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 geophysical 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 a 1,500-meter initial drill program set to begin in early 2026 [5]. Group 2: 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 of Cerro Bayo aligns with known high-grade gold-silver systems in the area, indicating strong potential for valuable mineral deposits [6]. Group 3: Financial Updates - Latin Metals has received a payment of US$200,000 from Daura, resulting in the issuance of 744,992 common shares of Daura [8]. - The company has also reported proceeds of approximately $1.79 million from the exercise of stock options and warrants, reflecting shareholder confidence in its strategy [12]. - These funds will strengthen the company's balance sheet as it progresses with key corporate initiatives [13].