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Latin Metals Secures Drill Permit for Organullo Gold Project in Argentina

Story Highlights
  • Latin Metals Inc. has received approval for exploration drilling at the Organullo Gold Project in Argentina.
  • The approval allows AngloGold Ashanti to proceed with drilling, enhancing Latin Metals’ industry positioning.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Latin Metals Secures Drill Permit for Organullo Gold Project in Argentina

Confident Investing Starts Here:

Latin Metals ( (TSE:LMS) ) has shared an update.

Latin Metals Inc. has received approval for a Social & Environmental Impact Report, allowing exploration drilling at the Organullo Gold Project in Salta Province, Argentina. This approval marks a significant milestone as it enables AngloGold Ashanti, under an option agreement, to proceed with drilling preparations, potentially enhancing Latin Metals’ industry positioning by exploring targets with high-sulphidation epithermal gold systems. The development is poised to impact stakeholders positively by advancing the project’s exploration phase and fulfilling environmental and community obligations.

More about Latin Metals

Latin Metals Inc. is a copper, gold, and silver exploration company operating in Peru and Argentina under a prospect generator model. The company minimizes risk and dilution while maximizing discovery potential through securing option agreements with major mining companies to fund exploration. With 18 projects, Latin Metals partners with companies like AngloGold Ashanti and Moxico Resources to advance its portfolio.

Average Trading Volume: 43,859

Technical Sentiment Signal: Buy

Current Market Cap: C$17.07M

See more insights into LMS stock on TipRanks’ Stock Analysis page.

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