Argentina
Ana Maria and Trigal Projects
The 100%-owned Ana Maria project is a grassroots exploration play, located in Salta Province and partly contiguous with the more advanced Organullo project. The area is prospective for extensions to known mineralization at Organullo.
The 100%-owned Trigal project is a precious metals exploration project located east of and contiguous with Barrick’s El Quevar silver project. Latin Metals staked the property following completion of regional BLEG samples during an exploration alliance with Newmont. The anomalous samples at Trigal are some of the most significant anomalies collected in the regional BLEG survey which covered portions of three provinces in northwest Argentina.
Partner Funded Exploration
Ownership
Latin Metals owns the Organullo Project 100%.
Optioned to AngloGold Ashanti
Under an option agreement, AngloGold Ashanti can earn up to an 80% interest in Organullo, Ana Maria, and Trigal. To earn an initial 75%, AngloGold Ashanti must make staged cash payments totaling US$2,575,000 and fund US$10,000,000 in exploration over five years. AngloGold Ashanti may then earn an additional 5% (aggregate 80%) by delivering an independent NI 43-101 mineral resource estimate and making a cash payment equal to US$4.65 per gold-equivalent ounce contained within the mineral resource estimate.
