Located in Salta province, Organullo has a large alteration and mineralization footprint with geochemical anomalies and targets over a 10 km strike length.
By Panorama Minero
Latin Metals Inc. reported that following an application submitted to the mining authorities in Salta Province, the Company has secured rights to the 1,032-hectare Malena VI mining property. Malena VI is contiguous with the existing Organullo gold project and will form part of the properties included in an existing option agreement with AngloGold Argentina Exploraciones S.A., a wholly owned subsidiary of AngloGold Ashanti plc. under the terms of which AngloGold Ashanti has an option to earn up to an 80% interest in the Company’s Organullo, Ana Maria, and Trigal Gold projects.
"This acquisition provides a meaningful addition to the Organullo gold exploration project, extending the prospective northeast-southwest structural corridor by nearly 4km toward the southwest" stated Keith Henderson, Latin Metals’ President & CEO. "This expansion opens new opportunities for additional target generation in close proximity to already-established targets."
The Organullo Project has a large alteration and mineralization footprint with geochemical anomalies and targets over a 10km strike length making Organullo one of the largest untested geochemical anomalies in Argentina. The project was historically known as a gold exploration play with locally high-grade gold at surface and with historical small-scale mining having been recorded at the Julio Verne Mine in the 1930s. Gold potential remains a focus today but with newly recognized potential for copper porphyry systems.
Historical exploration includes approximately 10,000m of diamond and RC drilling, but only a small portion of the 10km strike length has been subject to exploration through drilling with most targets remaining untested.
