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Latin Metals receives $250K from Daura Gold and reports Cerro Bayo drilling update with assays pending.

Company Fundamentals
07 May 2026
GlobeNewsWire
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Bullish
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Latin Metals Inc. received a $250,000 payment from Daura Gold as part of an option agreement allowing Daura to earn up to 75-80% interest in the Cerro Bayo and La Flora projects by funding exploration. Daura completed Phase I drilling at Cerro Bayo with 1,850 metres drilled, testing multiple targets, and plans Phase II drilling in Q3 2026 to expand exploration at both Cerro Bayo and La Flora. Assay results from Phase I drilling are expected in May 2026, which will be a key catalyst for Latin Metals. The projects are located in the prolific Deseado Massif district, with La Flora showing high-grade surface gold and silver mineralization, highlighting strong exploration potential.

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