LatAm Lithium Corp. (TSXV: LALI) (OTC Pink: PFFOF) (FSE: POT) has announced the commencement of a focused prospecting and soil sampling program at its South of Otter gold project in the Red Lake gold district of northwestern Ontario. The program targets historical soil anomalies over magnetic features and a northeastern magnetic flexure considered geologically prospective. The work also serves to maintain the claims in good standing, consistent with the company's strategy of advancing its non-core Canadian gold assets alongside its primary lithium brine focus in Argentina.

Key Points

  • LatAm Lithium Corp. (TSXV: LALI) (OTC Pink: PFFOF) (FSE: POT)
  • The company is commencing prospecting, geological mapping, and soil sampling at the South of Otter project in the Red Lake district for the fall 2026 field season
  • The program anticipates approximately 40 rock samples and 50 soil samples; the property covers approximately 5,418 hectares
  • Investors may be watching for geochemical results, including fire assay for gold, from the fall 2026 field activities

Program Design and Targets at South of Otter

The 2026 program follows a completed desktop assessment of prior exploration data, which informed the team's priority targets. Field activities will focus on two magnetic features where historical soil samples were collected, as well as a northeastern magnetic flexure interpreted as a potentially favourable structural setting. The program anticipates approximately 40 rock samples — which may include selective grab, chip, and channel samples targeting quartz veins, sulphide mineralization, alteration zones, and lithological contacts — and 50 soil samples for multi-element geochemical analysis, including fire assay for gold. Field activities are planned for fall 2026, subject to weather and logistics.

Historical Results and Property Context in the Red Lake District

The South of Otter property covers approximately 5,418 hectares within the Birch-Uchi-Confederation Lakes greenstone belt, approximately 40 kilometres southeast of the town of Red Lake and approximately 8 kilometres east of Kinross Gold Corporation's Great Bear project. Prior work at the property includes airborne magnetics, soil surveys, trenching, and limited diamond drilling. Notable historical results include August 2020 grab samples from gold-bearing quartz veins returning 18.0 g/t Au and 8.19 g/t Au, along with subsequent trenching at the Cliff Zone confirming anomalous gold values of up to 1.09 g/t Au in channel and chip samples.

Strategic Positioning Within LatAm Lithium's Portfolio

The release states this work is consistent with the company's previously stated strategy of advancing its non-core Canadian gold assets while prioritising lithium brine opportunities in Argentina. The program is being conducted by an experienced geological team with prior working experience at South of Otter and extensive knowledge of the Red Lake district. The technical content of the announcement has been reviewed and approved by qualified person Mr. Mike Kilbourne, BSc. (Hons), P.Geo., as defined under National Instrument 43-101. The immediate share price impact was not clear from available public information.