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Latin Metals (LMSQF) provides investors and industry stakeholders with comprehensive updates on corporate developments within the metals sector. This centralized resource aggregates official press releases, financial disclosures, and strategic announcements from the Vancouver-based commodity processor and trader.
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Latin Metals Inc. (LMSQF) announces promising rock chip channel sampling results from the Lacsha North target area, highlighting broad copper and molybdenum mineralization. Key findings include a 72m interval averaging 0.2% copper and 62ppm molybdenum. Previous positive results from the Lacsha South area also reported 30m grading 0.22% copper and 76ppm molybdenum. The company believes these areas signify the upper portions of a potentially large porphyry system. Ground magnetic surveying has been completed, with expectations for results soon.
Latin Metals Inc. has entered into a non-binding letter of intent (LOI) with AngloGold Ashanti for its Organullo, Ana Maria, and Trigal Gold Projects in Argentina. This LOI allows 90 days for both parties to negotiate a definitive agreement, which may grant AngloGold an option to acquire up to an 80% interest in the projects. The terms include cash payments totaling USD $2,550,000 and exploration spending of USD $10 million over five years. This partnership is crucial for Latin Metals as it minimizes dilution while allowing participation in future developments.
Latin Metals Inc. (OTCQB: LMSQF) announced the discovery of copper-molybdenum mineralization at its Lacsha South project in Peru. Rock-chip sampling yielded consistent copper grades, including 30m at 0.22% copper. The 4,000-hectare Lacsha project is part of a larger 2km by 1km geochemical anomaly. Ground magnetic surveys are set to commence to help define drill targets. CEO Keith Henderson expressed excitement about the initial results, pointing towards potential large porphyry systems. Further sampling is ongoing at Lacsha North as the company prepares to advance exploration efforts.
Latin Metals has acquired an additional 700 hectares at its 100%-owned Auquis copper property in Peru, expanding the total area to 3,600 hectares. Located 95 km from the coast and connected by paved road, Auquis is a prospective copper-molybdenum exploration site. Historical data shows significant copper anomalies across multiple samples, with figures exceeding 600 ppm. The company plans a Phase I exploration campaign, including sediment and surface sampling, and is negotiating agreements with local communities to initiate work.
Latin Metals Inc. (TSXV: LMS, OTCQB: LMSQF) held its Annual General Meeting on July 7, 2021, with 30,928,120 shares represented, accounting for 64.43% of outstanding shares. All proposed resolutions, including the election of five directors and the re-appointment of Smythe LLP as auditors, were approved by 100% of votes cast. A 10% rolling stock option plan was also sanctioned. Following the meeting, Keith Henderson was appointed as President & CEO, and Dani Palahanova was named CFO. Additionally, Latin Metals has contracted Lycan Capital Corp. for a new investor outreach program at a cost of $30,000 for one year.
Latin Metals Inc. (LMSQF) provided an update on its Lacsha copper property in Peru, confirming a significant copper-molybdenum anomaly in an area of 1.5km by 1.0km, known as Lacsha South. Results from 84 talus samples showed copper levels ranging from 441 to 2,820 ppm and molybdenum from 4.8 to 192.5 ppm. The project, located close to Lima, is progressing towards drill target definition after successful mapping and geochemical sampling. Future steps include further sampling and geophysical surveys to outline drill targets. The Company emphasizes its effective collaboration with local communities.
Latin Metals Inc. (OTCQB: LMSQF) reported significant exploration updates for its Aylen property in the Deseado Massif. A ground magnetic survey covering 66 line-kilometers has identified three compelling drill targets, which align with the geological patterns found at the nearby Martha Mine. Previous rock sampling at the Estero vein revealed high-grade silver values, confirming the presence of mineralization within the project. The company plans to conduct an induced polarization survey and is seeking partnerships to fund upcoming drilling activities. Dani Palahanova has been appointed as Corporate Secretary.
Latin Metals Inc. (TSXV: LMS; OTCQB: LMSQF) has provided an update on its exploration activities at the Lacsha copper property in Peru. Recent Phase III results identified a 1km x 1km copper-molybdenum anomaly at Lacsha North, with copper values ranging from 253 ppm to 1,360 ppm and molybdenum from 4 ppm to 87 ppm. This follows earlier phases that showed significant copper and molybdenum mineralization. The Company is awaiting results from Lacsha South, expected by month-end, which will guide future geophysical surveys and drilling plans.
Latin Metals Inc. (LMSQF) has reported significant developments at its 100%-owned Lacsha copper property in Peru. Recent stream sediment sampling has confirmed copper and molybdenum mineralization over a 5.0 km by 2.5 km anomaly. Initial rock sampling revealed copper concentrations up to 6,410 ppm. The company has initiated Phase III exploration, including detailed talus sampling of mineralized centers, with geophysical surveys planned for later this year. An agreement with the local community allows for necessary explorations, showcasing the company’s commitment to social responsibility.
Latin Metals Inc. announced the exercise of an option agreement with Patagonia Gold Corp. for the acquisition of a 100% interest in the Mina Angela project in Argentina. Patagonia will pay Latin Metals US$250,000 by March 26, 2021, as part of the transaction, which includes a 1.25% net smelter returns royalty from future production. This option exercise aligns with Latin Metals' strategy to monetize non-core assets while retaining a royalty interest.
