Latin Metals reported that a Social & Environmental Impact Report has been approved for exploration drilling at the Organullo Gold Project, located in Salta Province, Argentina. The SEIR approval is issued in favour of Cardero Argentina S.A., a wholly owned subsidiary of Latin Metals, and authorizes various exploration activities including up to 11,900m of diamond drilling. The Project is subject to an option agreement with AngloGold Argentina Exploraciones S.A., a wholly owned subsidiary of AngloGold Ashanti (AU), under the terms of which, AngloGold Ashanti has an option to earn an aggregate interest of up to 80% through an initial option to earn 75% and a top-up option to purchase an additional 5%.
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