Latin Metals Inc. has finalized a definitive option agreement with Golden Arrow Resources Corp. to acquire up to a 100% interest in the Huachi copper-gold project in San Juan Province, Argentina. The Huachi property, spanning 3,500 hectares, is adjacent to Latin Metals' existing Esperanza project. Under the terms, Latin Metals can secure an initial 75% stake by investing US$1,000,000 in exploration and making US$1,000,000 in cash payments over four years. To acquire the remaining 25%, Latin Metals has a Top-Up Right, requiring a US$2,000,000 cash payment within 90 days after earning the initial interest. If not exercised, a joint venture will be formed with Latin Metals holding a majority stake. The agreement's work commitments and payments will begin one year after the environmental permit is approved, allowing exploration to commence.
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