Latin Metals Inc. announced that it has secured a drill permit at its 100%-owned Lacsha copper project, located in the Coastal Copper Belt, Peru. The drill permit is an FTA (Ficha Tecnica Ambiental) consisting of permission to construct all necessary access roads and 20 drill pads, from which up to 43 drill holes may be completed to depths up to 1000m below surface. Surface exploration completed during 2022 successfully framed the Lacsha project as a potentially intact porphyry copper system with multiple drill-ready targets.

Surface rock chip-channel sampling has defined consistent mineralization including 52m grading 0.38% copper and 237ppm molybdenum. While these surface grades are excellent, subsequently completed IP chargeability data points to peak chargeability below surface at approximately 100m from surface. The project requires drilling to test for mineralization to depth and establish whether the chargeability anomaly could reflect higher grade copper mineralization.