Latin Metals provides update on AngloGold Ashanti exploration

Latin Metals provides an update regarding exploration activities on various properties included in an existing option agreement with AngloGold Argentina Exploraciones, under the terms of which AngloGold has an option to earn up to an 80% interest in the Company’s Organullo, Ana Maria, and Trigal Gold projects. "AngloGold initiated exploration at Organullo only two weeks after signing the definitive option with Latin Metals in mid-2022, and it has advanced the project quickly to the point where it has drill-ready targets. The main advantage of working with major mining companies is the technical excellence and experience that they bring to a project," stated Keith Henderson, President & CEO of Latin Metals. "AngloGold has assembled an experienced technical team, and its exploration approach has resulted in the definition of new targets for drill testing at Organullo." AngloGold has received permits to complete a helicopter-borne magnetic and radiometric survey ahead of planned drilling. A drill permit has been submitted for up to 11,900m on the Breccia Hill, Axel, and Nemo targets. Identification of three advanced argillic alteration centres over a 6km strike length is a significant step forward for the project. AngloGold’s current plans include 7,000m of Phase 1 drilling in 2023, which will be completed with two drill rigs subject to receipt of drill permits.