“This extensive geophysical survey is a significant step for the Organullo project. With the survey complete, processing is in progress, and we look forward to seeing the results of the survey in due course.” stated
Figure 1: Map showing the Organullo property claims under option to AngloGold
and the area where airborne geophysical survey has been completed.
Airborne Survey Details
Airborne geophysical surveys allow the collection of subsurface data using sensors and instruments mounted on an aircraft. The primary goal is to obtain a better understanding of the distribution of subsurface rock types and mineralization prior to drill testing. The method can be expensive due to the use of aircraft to collect the data, but it is efficient compared to ground-based methods and almost completely non-invasive, minimizing the impact on flora, fauna and local communities.
The survey completed by AngloGold collected magnetic and radiometric data along 3,500 line-km, covering most of the Property in eleven days. Survey lines were flown on a 100m spacing north-south and a 1,000m spacing east-west, at an average flight height of 60m above ground.
About
Qualified Person
On Behalf of the Board of Directors of
“
President & CEO
For further details on the Company readers are referred to the Company's web site (www.latin-metals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.
For further information, please contact:
Suite 2300
Phone: 604-638-3456
E-mail: info@latin-metals.com
Neither
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Properties, including the geological mapping, prospecting and sampling programs being proposed for the Properties (the "Programs"), the fact that the Company’s anticipated interests in the Properties will only be an option and there is no guarantee that such interest, if earned, will be certain, actual results of exploration activities, including the Programs, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSX-V acceptance for filing of the Option Agreements, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading "Risk Factors" in the Company's latest Management Discussion and Analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR website at www.sedar.com.
Readers are cautioned not to place undue reliance on forward looking statements. Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein.
Figure 1
Map showing the Organullo property claims under option to AngloGold and the area where airborne geophysical survey has been completed.
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