Latin Metals Stock Price, News & Analysis

Latin Metals Inc. (TSXV: LMS, OTCQB: LMSQF) has announced the discovery of two new mineralized zones at its Auquis Project in Peru, indicating high-grade copper and base metal potential. The Tinto Zone shows copper grades of 1.8% and silver at 54 g/t, while the Blanco Zone returned up to 9.3% zinc and 6.1% lead. These findings point to a large hydrothermal system with both porphyry and skarn deposits. The company is currently awaiting results from a ground magnetic survey to further refine exploration efforts. Latin Metals holds six entirely owned copper properties within the Coastal Copper Belt, with plans for continued exploration in 2023.

Latin Metals Inc. (TSXV: LMS, OTCQB: LMSQF) has submitted a drill permit application for up to 11,900 meters, covering potential targets at the Organullo, Ana Maria, and Trigal Gold projects. This comes as AngloGold Argentina Exploraciones S.A. has rapidly advanced exploration at Organullo, having identified drill-ready targets just weeks after signing an option agreement in mid-2022. The exploration plans include a 7,000-meter Phase 1 drilling program in 2023, contingent on permit approvals. The collaboration with AngloGold leverages their technical expertise, enhancing the project’s prospects.

Latin Metals Inc. has announced the sale of its El Quemado lithium project to South American Lithium Ltd. for $900,000 in total consideration. The agreement includes an initial cash payment of $400,000 and 1,000,000 units of SAL's common shares. Latin Metals retains a 2% net smelter return royalty on future production from the project, with the option for SAL to repurchase half for US$3,000,000. This transaction aligns with Latin Metals' strategy to monetize non-core assets while securing future royalty income.

Latin Metals Inc. (TSXV: LMS; OTCQB: LMSQF) has announced the discovery of high-grade copper mineralization at its 100%-owned Para project in the Coastal Copper Belt, following an initial exploration that involved geochemical sampling of talus fines. The results showed significant copper anomaly levels, with values ranging from 251 ppm to 1,505 ppm. The company has also staked an additional 1,300 hectares, increasing the total area to 1,900 hectares. Future steps involve expanding the talus survey and conducting detailed rock chip sampling. The firm's webinar for corporate updates is scheduled for February 16, 2023.

Latin Metals Inc. (TSXV: LMS, OTCQB: LMSQF) has initiated a geophysical survey at its Auquis copper project in Peru. Recent assay results from the Tillo copper project reveal copper grades ranging from 0.19% to 1.36%. A total of 434 rock samples were previously collected, defining a core area of high-grade mineralization measuring 1,500m x 1,500m. The ongoing magnetic survey aims to cover approximately 50-line km of promising mineralization zones. A corporate update webinar is scheduled for February 16, 2023, at 10:00 a.m. PT, offering insights into company projects and future goals.

Latin Metals Inc. (LMSQF) has identified significant high-grade copper mineralization at its newly explored Tillo project in Peru, spanning 2,000 hectares. Initial geochemical sampling revealed several anomalous zones, notably the largest, measuring approximately 2,500m x 1,000m, with copper values ranging from 250 ppm to 1,050 ppm. The exploration process included geological mapping to support these findings. The company plans to commence detailed rock chip sampling and geological mapping in Q1 2023. The Tillo project adds to Latin Metals' portfolio of six copper properties in the Coastal Copper Belt, which is rich in various mineral deposit types.

Latin Metals Inc. (TSXV: LMS, OTCQB: LMSQF) announced the staking of the Mirador Copper project in Salta Province, Argentina, covering 99,000 hectares. Initial samples from the property show promising results, with one sampling returning 2.4% copper and 628 ppm vanadium. The company believes the region is under-explored and holds potential for sediment-hosted copper deposits. CEO Keith Henderson emphasized the project's large area and low acquisition cost as key advantages. Future work includes a regional stream sediment survey to identify prospective areas for further exploration.

Latin Metals Inc. has obtained a drill permit for its 100%-owned Lacsha copper project in Peru. The permit allows for the construction of access roads and 20 drill pads, enabling up to 43 drill holes to be drilled to depths of 1,000 meters. Surface exploration revealed promising mineralization, with notable results including 52m grading 0.38% copper. The company intends to continue negotiations with potential partners for funding the drilling of priority targets.