Latin Metals Inc.
Company Data
| Introduction
| Projects in Hand
| Management
News Update
| Chinese
| Address ： |
890 – 999 West Hastings Street Vancouver, BC Canada V6C 2W2 |
| Tel No.： | 604-638-3456 |
| Web Site： | www.latin-metals.com |
| E-mail： | info@latin-metals.com |
| Contact Person： | Elyssia Patterson |
| Position： | Director of Corporate Communications |
| Traded Market： | TSX-V | OTCQB |
| Traded Symbol： | LMS | LMSQF |
| Outstanding Shares： | ~70.72 Million |
| 52 Week High： | $ 0.31 |
| 52 Week Low： | $ 0.065 |
| Present Price： | Click Here |
Latin Metals is a resource exploration company focused on precious metals and copper projects in historically resource-rich regions of South America, specifically in Peru and Argentina. The Company operates on a prospect generator model, focusing on the acquisition of prospective exploration properties at minimum cost, followed by initial evaluation through cost-effective exploration to establish drill targets. Latin Metals ultimately secures joint venture partners to fund drilling and advanced exploration, and in doing so, exposes shareholders to the upside of mineral discoveries while conserving capital and minimising dilution.
PERU
Coastal Copper Belt
The Coastal Copper Belt in Peru is a Cretaceous belt hosting a variety of deposit types including Porphyry, Epithermal, VMS and IOCG. Latin Metals has a total of six 100%-owned copper exploration properties in the Coastal Belt. The Company's Lacsha copper-molybdenum project is drill ready and fully permitted for drilling. The Auquis copper-molybdenum-gold project is advanced and expected to be drill ready in 2023 and Tillo and Para properties are in the starting process of exploration.
Lacsha Copper Project
Copper-Molybdenum Project
- Drill Permit on 100% owned 4,000-hectare property
Immediately south and contiguous with Newmont's Sumacwayra copper-gold discovery
“Surface exploration completed during 2022 successfully framed the Lacsha project as a potentially intact porphyry copper system with multiple drill-ready targets,” stated Keith Henderson, the Company's CEO. "Surface rock chip-channel sampling has defined consistent mineralization including 52 m grading 0.38% copper and 237 ppm molybdenum. While these surface grades are excellent, subsequently completed IP chargeability data points to peak chargeability below surface at approximately 100 m from surface. The project requires drilling to test for mineralization to depth and establish whether the chargeability anomaly could reflect higher grade copper mineralization." (See news release Jan 9, 2023)
The Company will continue to negotiate with potential partners to fund drill testing of priority targets.
Auquis Copper-Gold Project
- 100% owned 3,600-hectare property
- Initial soil survey completed Q1 2022 defines 3.0 km x 2.0 km copper anomaly (500ppm copper to 2,300 ppm copper-in-soil), confirming the anomaly extent previously defined by stream sediment sampling.
- 430 rock samples collected over main soil anomalies. Rock chip grades range from 22 ppm to 12.8% copper.
Ongoing mapping and prospecting has identified two additional mineralized zones, Tinto and Blanco Zones, with high-grade copper and base metal mineralization. Several styles of mineralization have been identified including newly discovered porphyry-style copper mineralization, and skarn mineralization. The property now hosts three distinct mineralized zones.
Once processing of the recently collected magnetic data is complete, the data will be interpreted and used to refine the exploration model before additional follow-up sampling is undertaken at the new zones of mineralization and throughout the remainder of the property. (See news release April 4, 2023)
Tillo Copper Project
- 100% owned 2,000-hectare property
- 253 soil and talus samples identified several anomalous zones, including a single 2,500 m x 1,000 m anomaly.
- Within large anomaly, copper ranges from 250 ppm to 1,050 ppm with supporting molybdenum mineralization
- Mapping identifies porphyry-hosted copper mineralization and associated alteration signatures
- Rock sampling supports soil / talus anomaly
Para Copper Project
- High grade copper mineralization discovered at the Para project
- Anomalous talus fines geochemistry ranges 251 ppm copper to 1,505 ppm copper, with supporting molybdenum mineralization
- Largest anomaly is 2,000 m x 1,000 m
- Latin Metals stakes additional 1,300 hectares due to positive results to date
Southern Peru Copper Belt
Staking Quality Copper Exploration Projects
- Jacha Project is located into the prolific Andahuaylas-Yauri porphyry-skarn belt in southeastern Peru
- This belt hosts numerous copper deposits
ARGENTINA
Salta Province Projects
- AngloGold has an option to earn up to an 80% interest in the Company's Organullo, Ana Maria, and Trigal Gold projects.
- AngloGold has received permits to complete a helicopter-borne magnetic and radiometric survey ahead of planned drilling. A drill permit has been submitted for up to 11,900m (up to 39 drill holes) on the Breccia Hill, Axel, and Nemo targets.
- AngloGold's current plans include 7,000 m of Phase 1 drilling in 2023. (See news release March 6, 2023)
Esperanza Copper-Gold Project
- Libero Copper has an option to earn a 70% interest in the project; LMS retains 30% interest
- The Esperanza project consists of an outcropping copper-gold porphyry system, juxtaposed beside a gold epithermal system. Rock sampling at surface provides a sense of the system dimensions and highlights that both high-grade gold and copper occur at surface.
Santa Cruz Projects
- Precious Metals Projects
- Cerro Bayo and La Flora projects optioned to Barrick (85% interest earned)
Mina Angela Gold Project
- Closed project sale to Patagonia Gold
- LMS holds 1.25% NSR Royalty
El Quemado Lithium Project
- Closed project sale to South American Lithium Inc.
- LMS holds 2.0% NSR Royalty
Mirador Copper Project
- Recognized key geological characteristics in common with sediment hosted copper deposits globally
- Brand new deposit model in a thoroughly under-explored portion of Salta province
- Belt has potential source rocks, host rocks and structure required to support sediment-hosted model
- Initial work – proof of concept – located shale-hosted copper mineralization grading 2.4% copper.
Investment Highlights
Technical Team
- Experienced and technically focused team generate projects and secure acquisitions
- Critical to acquire projects that will attract major company investment
Quality Partners
- Financially capable with excellent discovery teams
- Major companies have high hurdle rates
- Current partners include Libero Copper, AngloGold Ashanti, and Barrick Gold
Retained Interest
- Latin Metals retains an interest in each partnered project
Excellent Structure
- 70 million shares issued and outstanding
- Almost 50% with Management and Board
Less Dilution
- Company runs lean at <$2.0 million per annum
- Current agreements for up to $35 million of non-dilutive investment in Latin Metals and its projects
Five-Year Plan
- Aiming for an average $25 million of partner investment per year / equivalent to ~75,000m drilling
Management and Directors
Keith Henderson, CEO & Director, Vancouver, Canada
30 years global experience in resource sector
Leading role advancing Pampa de Pongo through PEA and $100 million cash sale
Dr. Mario Castelli, President, Salta, Argentina
Lawyer with 30 years experience with specialization in exploration and mining
Provincial and Federal senior agency positions
Eduardo Leon, Exploration Manager, Lima, Peru
Senior geologist at Lumina's Taca Taca (sold $470M), numerous senior technical positions in South America. Recently Exploration Manager for Auryn Resources
Dani Palahanova, CFO, Vancouver, Canada
15 years experience in finance and accounting
Formerly CFO, Controller, and Corporate Secretary for various public companies
Daniel MacNeil, Technical Advisor, Vancouver, Canada
Precious and base metal specialist with 20 years experience across regional project generation and in-mine resource expansion
Elyssia Patterson, Director of Corporate Communications, Vancouver, Canada
15 years in corporate communications and marketing
Advancing the general corporate development of public companies
David Cass, Director
Geologist with 30 years experience, with 15 years as senior executive at Anglo American
Currently VP Exploration at Bluestone Resources
Robert Kopple, Director
Experienced businessman, investor and lawyer
Ryan King, Director
20 years experience in capital markets and shareholder relations
On August 03, 2023, Latin Metals Inc. has released the results of its annual general meeting of shareholders held on Aug. 3, 2023, in Vancouver, B.C. All the motions presented to the shareholders were approved.
Votes representing 48,847,648 shares were cast, representing 68.34 per cent of the issued and outstanding shares at the record date.
On July 17, 2023, Latin Metals Inc. has made significant progress at its Mirador project in Argentina, with the discovery of additional outcropping copper mineralization where an extensive drainage survey is under way to screen the entire property. Initial prospecting at Mirador (previous news release Jan. 17, 2023) identified outcropping sediment-hosted copper mineralization with one sample grading 2.4 per cent copper (Cu). The discovery served as critical proof of concept for Latin Metals.
The recent mapping of additional outcropping copper mineralization builds upon this success, reinforcing the validity of the company's exploration thesis. Exploration at Mirador began last month and it is planned that the property will be systematically covered by drainage sampling and prospecting. At this early stage, the company's geologists have only walked over approximately 10 per cent of this very large property, and so it is encouraging to have already located additional outcropping copper mineralization.
In addition to the advancements at Mirador, Latin Metals is pleased to report the acquisition of a 100-per-cent interest in the Ventana copper project through an agreement with Dreston SRL (DSRL), pursuant to which Latin Metals has purchased from DSRL (through an indirect subsidiary of Latin Metals), a 100-per-cent interest in the project, for total cash consideration of one million Argentine pesos. Situated in Salta province, northwest Argentina, the Ventana project presents additional prospects for the discovery of sediment-hosted copper mineralization.
Together with the company's Mirador project, and the recent acquisition of the Solario project, this additional acquisition further solidifies Latin Metals' position as first mover in this emerging copper belt.
On June 19, 2023, Latin Metals Inc. has provided an update on exploration at the Cerro Bayo project, located in the Deseado Massif, Santa Cruz province, Argentina. Cerro Bayo is subject to an earn-in agreement with a wholly owned subsidiary of Barrick Gold Corp. Under the terms of the earn-in agreement, Barrick has the right to acquire up to an 85-per-cent interest in the project.
Exploration update and planned work: Exploration completed by Barrick in the first year of the earn-in agreement has identified a preserved low-sulphidation epithermal system and included:
- Geological and alteration mapping;
- Structural mapping;
- 1,000-line-kilometre ground magnetic survey;
- 759 rock chip samples;
- 100 rock channel samples.
On June 13, 2023, Latin Metals Inc. has received positive results from rock sampling completed at the 100-per-cent-owned Tillo copper project in Peru. The project is prospective for copper porphyry deposits, as demonstrated by previous soil and talus sampling, which delineated an anomalous area of 2,500-metre-by-1,000-metre (previous news release dated Jan. 30, 2023). Positive results from 140 rock samples add a great deal of confidence in this priority area. Tillo Project Highlights
- Priority Geochemical Target: Soil and talus sampling completed earlier this year defined an area of 2.5km by 1.0km area of consistent geochemical anomalism.
- Rock Sampling Support: Results of rock sampling within the anomalous area provide good support for the target. Of 140 samples collected, 24 samples (17%) grade more than 0.2% copper, with a maximum grade of 5.9% copper and 421 ppm molybdenum.
- The Right Rocks: Mapping has delineated a quartz monzonite porphyry rock unit with potassic alteration and multiple generations of veining.
- Planned Exploration: Detailed mapping will continue within the anomalous area to outline vein density and vector towards potential centers of mineralization. A hyperspectral study will be carried out and used to help prioritize targets within the extensive geochemical anomaly.
On June 05, 2023, Latin Metals Inc. has entered into an agreement with Geoterra SRL pursuant to which Latin Metals has purchased from Geoterra (through an indirect subsidiary of Latin Metals) a 100-per-cent interest in the Solario copper project for total cash consideration of $1-million Argentine pesos. The Solario project, located in Salta Province ("Salta"), northwest Argentina, is prospective for sediment-hosted copper deposits within the Cretaceous belt in central Salta. This strategic acquisition further solidifies Latin Metals' position as a pioneer in sediment-hosted copper exploration in northwest Argentina.
April 24, 2023, Latin Metals Completes Magnetic Survey and Reports Progress at Auquis Project, Peru
https://latin-metals.com/news-releases/
April 4, 2023, Latin Metals Discovers New Copper Porphyry and Skarn Mineralization at Auquis, Peru
March 6, 2023, Latin Metals Provides Update on Anglogold Ashanti Exploration Activities