Latin Metals ( (TSE:LMS) ) has issued an announcement.
Latin Metals Inc. has secured drill permits for its Cerro Bayo Silver-Gold Project in Argentina, marking a significant milestone for the company. The approval of the Environmental Impact Assessment allows the company to proceed with drill testing across nine high-priority targets in the prolific Deseado Massif mining district. This development positions Cerro Bayo as a potential significant discovery in a region known for its rich mineral deposits. The company is now focused on securing an option partner to further advance the project, aligning with its strategy of forming strategic partnerships to enhance exploration and value generation.
More about Latin Metals
Latin Metals Inc. operates in the mining industry, focusing on the exploration and development of mineral resources, particularly silver and gold. The company employs a prospect generator model, securing option agreements with major mining companies to advance its projects while mitigating financial risk. With a portfolio of 18 projects across Argentina and Peru, Latin Metals aims to attract strong partners to fund exploration and accelerate discovery.
YTD Price Performance: 3.00%
Average Trading Volume: 47,783
Technical Sentiment Signal: Sell
Current Market Cap: C$11.31M
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