VANCOUVER, British Columbia, March 02, 2025 (GLOBE NEWSWIRE) — Latin Metals Inc. (“Latin Metals” or the “Company”) – (TSXV:LMS) (OTCQB: LMSQF) is pleased to announce the identification of significant geophysical anomalies at its Cerro Bayo project (“Cerro Bayo” or the “Project“), located in the Deseado Massif, Santa Cruz Province, Argentina. The Company has completed purchase of historical exploration data collected by a previous operator at the project, including a 130-line-km gradient array Induced Polarization (“IP“) geophysical survey.
The survey highlights pronounced chargeability and resistivity anomalies, spatially associated with historical drill targets identified by Barrick, and there is a strong correlation of chargeability anomalies with previously mapped mineralized structures. Importantly the anomalous geophysical trends are open to the northwest (Figure 1).
Figure 1: Interpretation of gradient array IP data at Cerro Bayo showing chargeability (left) and resistivity (right) anomalies coincident with mapped mineralized veins and open to the northwest.
Geophysical survey interpretation
Gradient array IP is a well-established geophysical technique widely used in the exploration of low-sulfidation epithermal vein deposits, such as those found in the Deseado Massif. In these environments, chargeability anomalies typically indicate the presence of sulfide mineralization, while high resistivity values are often associated with quartz-rich and chalcedonic vein systems. Coincident high chargeability and high resistivity is the classic geophysical signature that geophysicists want to see in the Deseado Massif. We see this geophysical signature at Cerro Bayo (Figure 1) where outcropping structures and veins correlate well with high chargeability and high resistivity zones. The trend seen in the outcrops and the geophysical data is N30W, which is not only observed at Cerro Bayo, but also at other exploration projects and producing mines in the Deseado massif.
Notably, the Eugenia and Gabriela target areas—historically outlined by Barrick—align with the highest-intensity geophysical anomalies. Additionally, while the historical survey covers only a portion of the Cerro Bayo property, all major anomalies remain open to the northwest, suggesting further potential. New exploration targets, including the Julia/Elena and Lara zones, have also emerged, revealing unrecognized strike extensions that warrant additional follow-up.
Cerro Bayo and Regional Significance
Cerro Bayo is situated within the highly prospective Deseado Massif, a prolific mining region known for its world-class gold and silver deposits. The area has a strong history of mining activity and hosts several producing and past-producing mines, underscoring its significant exploration potential.
The mineralization at Cerro Bayo is consistent with epithermal gold-silver systems, which have yielded high-grade deposits across the region. Latin Metals’ exploration efforts at the project benefit from an extensive historical dataset compiled by previous operators, including Barrick Gold, providing a strong foundation for ongoing and future work.
Argentina’s mining sector continues to attract growing foreign investment, driven by its rich mineral endowment and an evolving regulatory framework. The Santa Cruz province, in particular, plays a key role in the country’s gold and silver production. Latin Metals’ Cerro Bayo and La Flora projects align with this broader industry trend, reflecting the Company’s …
