Welcome to our dedicated page for Latin Metals news (Ticker: LMSQF), a resource for investors and traders seeking the latest updates and insights on Latin Metals stock.
Latin Metals Inc. (LMSQF) is a copper, gold and silver exploration company with projects in Peru and Argentina, and its news flow reflects an active exploration and partnership strategy. Company news releases highlight the prospect generator model, under which Latin Metals secures option agreements with other mining companies to fund exploration on its portfolio of 18 projects.
News coverage for Latin Metals often focuses on project-level milestones. Examples include drill permitting and acquisition updates at the Cerro Bayo silver-gold project in Santa Cruz Province, Argentina, and option agreements such as the deal with Daura Gold Corp. on the Cerro Bayo and La Flora projects. Releases also describe work programs and amended option terms at the Esperanza and Huachi copper-gold projects in San Juan Province under the Moxico Resources option.
Investors following LMSQF news can also see updates on Peruvian copper projects such as Para, Auquis and Lacsha. The company reports land acquisitions, integration of historical data from Vale Exploration Peru S.A.C., definition of porphyry-style drill targets and plans for drill permitting or partner-funded drilling. Regional copper initiatives in northwest Argentina, including large land positions prospective for sediment-hosted copper, are another recurring theme.
Corporate news items include annual general meeting results, incentive stock option grants, private placement financings and the proposed spin-out of certain Peruvian assets into Latin Explore Inc. Together, these updates provide context on Latin Metals’ exploration progress, partnership activity and corporate structure. For investors and observers, the LMSQF news page offers a way to track how the company advances its prospect generator strategy across multiple copper, gold and silver exploration projects.
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.
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.