MT-03 Copper Project,
Latin’s 100% owned subsidiary Peruvian Latin Resources SAC (“PLR”) owns the MT03 Project in southern Peru.
MT-03 is a large-scale target in an established copper mineralised district, with first class infrastructure on the doorstep, located central to a major copper producing region. Latin has commenced drilling with the objective to test the target to ascertain the geology and to determine if the target has any indication of a copper porphyry style mineralisation setting.
A 5km diameter circular feature observed in the analytical signal processed from aeromagnetic data, shows a donut shaped low (possibly a phyllic alteration zone) surrounding a central high (possibly a potassic alteration zone).
Interpreted Andean and cross arc structures also intersect in the target area. Together these features qualify as a potential large copper porphyry target in an area of the Southern Peru copper belt that is completely covered by recent sediments.
The geology is dominated by extensive alluvial and young volcanic deposits in the low coastal ranges, obscuring the underlying rocks and any host mineralisation.
Outcropping intrusive rocks to the immediate west of the target area together with a geomorphological assessment of the area suggest the cover may be less than 200m thick.
Drilling has commenced, with the objective for the 2023 drill program to test the target area to ascertain the geology for indications of a copper porphyry style mineralisation setting.