SAIL POND PROJECT
- High-grade, silver, copper, lead and zinc associated with quartz-carbonate veining
- Discovered in 2016, no prior drilling and ~$1,500,000 spent to date
- 12km linear soil anomaly with grades in soil of up to 657g/t silver and 0.68% copper
- Rock sample analysis from trenching of up to 4526 g/t silver, 14.9% copper, 7.5% lead, 9.6% zinc and 0.9 g/t gold
- Two defined target zones – combined strike-length of 9 km open in all directions
- Large geophysical anomalies run directly beneath trend lines
- Large project area (13,500 Ha), road accessible and with nearby services and airport
* Sterling Metals has the option to earn 100% of this project via $500,000 in spending by October 2, 2021 and $1,500,000 in spending by October 2, 2023.
SAIL POND PROJECT AREA VIEWING NORTH FROM THE SOUTH MINERALIZED ZONE
TSXV's Latin American Minerals Signs LOI to Purchase Sail Pond Project From Altius Minerals
01:06 PM EDT, 08/24/2020 (MT Newswires) -- Latin American Minerals Inc. (LAT.V) has executed a Letter of Intent to purchase 100% of the Sail Pond project on the Great Northern Peninsula of Newfoundland from Altius Resources Inc, a wholly-owned subsidiary of Altius Minerals Corp. (ALS.TO).
The 540 claim (13,500 Ha) Sail Pond Property comprises occurrences of silver-copper-lead-zinc sulphide mineralization in bedrock.
LAT is working with Altius to finalize plans for a Phase 1 exploration program which would be followed by a maiden drill program in 2021. The phase 1 program will look to expand on known mineral occurrences, to discover additional occurrences, and to gain a better overall understanding of the mineralization, with the ultimate goal of providing a ranking of drill targets.