Latin Metals Stock Price, News & Analysis

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.

Latin Metals Inc. (TSXV: LMS, OTCQB: LMSQF) has provided an update on its Cerro Bayo project in Argentina. The project is under an Earn-In Agreement with Barrick Gold Corporation, allowing Barrick to acquire up to 85% interest. Significant surface exploration has been completed, including a 1,000-line-km ground magnetic survey, geological mapping, and rock sampling. Favorable geological structures indicating potential gold and silver mineralization have been identified. Additionally, 3,330,000 stock options have been granted at a price of $0.13 per share, reflecting the company’s ongoing strategic initiatives.

Latin Metals Inc. (TSXV: LMS, OTCQB: LMSQF) has announced new exploration applications surrounding its Organullo Project in Salta Province, Argentina, potentially increasing its land package by 55% to 31,648 hectares. This follows an option agreement with AngloGold Ashanti, which allows AngloGold to earn up to an 80% interest in the Organullo and other projects. Additionally, AngloGold is progressing through its exploration phases, including soil sampling and planning for a helicopter survey. The company has also granted 1.7 million stock options to employees at $0.13 per share.

Latin Metals Inc. has announced positive results from its recent surface rock sampling at the 100%-owned Auquis Project in Peru. The press release details that 200 new samples have been collected, revealing anomalous mineralization with grades up to 5.8% copper and 236ppm molybdenum. The core area of high-grade mineralization now spans 1.5km by 1.5km, with an average copper grade of 0.10%. The company plans to conduct a ground magnetic survey to further assess the porphyry target and potential skarn mineralization.

Latin Metals Inc. (TSXV: LMS, OTCQB: LMSQF) announced the results of its annual general meeting held on August 4, 2022, in Vancouver. A total of 40,815,693 shares, representing 70.75% of outstanding shares, were voted. All proposed motions were approved, including the number of directors at five, with a remarkable 99.98% approval for this motion. Individual directors received over 99% of votes in favor. The appointment of auditors and the stock option plan were also ratified with strong support, reflecting shareholder confidence. The Company continues to engage with shareholders positively.

Latin Metals (TSXV: LMS, OTCQB: LMSQF) announced positive results from a recent rock sampling program at its Auquis project in Peru. A total of 234 rock chip samples were collected, revealing copper grades between 22 ppm and 12.8%. Notably, 101 samples from a 1km x 1km area returned an average copper value of 0.13% and 236 ppm molybdenum. The company plans to extend its sampling program and conduct geological mapping in the upcoming months to further explore the property.