Latin Metals Inc. reports on copper, gold and silver exploration in Peru and Argentina through a prospect generator model. Company news centers on option agreements, partner-funded field work, and project updates across mineral properties including Cerro Bayo, La Flora, and Ventana North.
Recurring developments include drilling and geophysical work at gold-silver projects in Santa Cruz Province, Argentina, district-scale sediment-hosted copper exploration in northwest Argentina, and portfolio actions tied to strategic partnerships and exploration funding.
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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.