Latin Metals receives drill permits for high-potential Cerro Bayo silver-gold project in Argentina

Latin Metals follows a prospect generator model, mitigating financial risk by partnering with major mining companies to advance exploration.

Latin Metals (TSXV: LMS | OTCQB: LMSQF), a leading exploration company focused on precious and base metals in South America, has announced a significant advancement in its flagship Cerro Bayo Silver-Gold Project. The company has secured formal approval for its Environmental Impact Assessment (EIA), granting drill permits across nine high-priority targets within the project area.

This regulatory milestone enables Latin Metals to move forward with exploration on 21 approved drill pads located within the Deseado Massif, one of Argentina’s most prolific mining regions. The area is renowned for historic discoveries of nearly 600 million ounces of silver and 20 million ounces of gold since 1990.

“Receiving drill permissions for Cerro Bayo is a transformational moment for the project,” said Keith Henderson, President and CEO of Latin Metals. “This region has produced world-class mines over the past 35 years, and we believe Cerro Bayo has the geological profile to be the next major discovery.”

Drill-ready targets backed by robust data

The Cerro Bayo Project is characterized as a classic epithermal silver-gold system, comparable to major regional deposits. Extensive geological mapping, geochemical sampling, and a 102-line kilometer magnetic survey have delineated a 6 km-wide structural corridor with nine drill-ready targets.

Past exploration work by major partners such as Barrick Gold has laid a strong technical foundation, accelerating Latin Metals’ ability to launch focused drilling programs.

Strong position in a world-class mining district

Located in Santa Cruz Province, Cerro Bayo is strategically positioned within an established gold and silver belt that hosts over 30 operating mines and advanced exploration projects. Neighboring operations include Newmont’s Cerro Negro Mine and Hochschild’s San Jose Mine, further underlining the area’s rich mineral endowment and exploration potential.

Latin Metals is currently evaluating several potential option partners to co-invest in Cerro Bayo’s development.

Prospect generator model driving strategic growth

Latin Metals follows a prospect generator model, mitigating financial risk by partnering with major mining companies to advance exploration. The company has 18 active projects across Argentina and Peru, with current partnerships including AngloGold Ashanti and Moxico Resources.

This approach offers investors early-stage exposure to high-potential mineral assets while ensuring disciplined capital allocation and strategic collaboration.