MT-O3 Copper Project,
Peru
Latin’s 100% owned subsidiary Peruvian Latin Resources SAC (“PLR”) owns the MT03 Project in southern Peru.
Geophysics
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.
Geology
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.
An IP survey is planned over the target, which is expected to provide targets for a subsequent drilling campaign to confirm the presence of a suitable mineralised system.
Drilling permitting has commenced with drilling expected to commence in 2022.
