Latin Metals discovers high-grade gold at La Flora Project in Santa Cruz, Argentina

The company plans further drilling and geophysical surveys to assess the continuity and economic viability of the high-grade mineralization identified at La Flora.

Latin Metals Inc. (TSXV: LMS) (OTCQB: LMSQF) has announced promising exploration results from its Cerro Bayo and La Flora projects in Santa Cruz, Argentina. The latest findings confirm the presence of visible gold, reinforcing the project's potential for high-grade mineralization.

Significant Gold and Silver Discovery at La Flora

Latin Metals’ exploration team collected samples from two outcropping structures at the La Flora project, where visible gold was identified within a grey, microgranular silica event. Assay results from these samples revealed impressive grades of up to 82 g/t gold and 1,239 g/t silver. These bonanza-grade veins extend northward, where they remain concealed beneath overburden material. Further drill testing is planned to assess their full extent and economic potential.

Cerro Bayo’s Regional Importance

Cerro Bayo is located within Argentina’s renowned Deseado Massif geological province, an area known for its world-class precious metal deposits. This district has a rich mining history and is home to several past and current gold and silver operations. The region’s mineralization is primarily linked to epithermal systems, which have historically yielded high-grade ore.

Latin Metals’ exploration efforts at Cerro Bayo benefit from extensive historical data compiled by previous operators, including Barrick Gold. The company has leveraged this data to refine its geological interpretations and optimize its exploration strategy. The findings at Cerro Bayo reinforce the area’s potential for further discoveries and long-term development.

Argentina’s Mining Growth and Investment Opportunities

Argentina’s mining industry continues to attract significant foreign investment, driven by its vast mineral resources and an improving regulatory environment. The country is a major global player in gold, silver, and lithium production, with Santa Cruz province being a key contributor to its gold and silver output.

Latin Metals' strategic focus on Cerro Bayo and La Flora aligns with Argentina’s broader mining growth trend. The company's systematic exploration and commitment to forming strategic partnerships position it well for future success.

Future Exploration Plans

Initial exploration at Cerro Bayo was conducted by Barrick Gold. In late 2024, Latin Metals expanded its geological mapping and launched exploration efforts at La Flora, utilizing Barrick’s historical data to refine lithological interpretations. The company plans further drilling and geophysical surveys to assess the continuity and economic viability of the high-grade mineralization identified at La Flora.