General Base Metals
Latin Metals (TSX-V: LMS)(OTC: LMSQF) Director of Corporate Communications Elyssia Patterson on Completion of Magnetic Survey at 100%-Owned Auquis Copper-Molybdenum Project, Peru
Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the director of corporate communications for Latin Metals — Ms. Elyssia Patterson. Elyssia, it's great to have you back on. You've been busy. How are you?
Elyssia Patterson: I'm good… thank you for having me on. Yeah, there's a lot of information we've been putting out about Latin Metals, especially with our Auquis project in Peru. We just announced today that we’ve completed the magnetic survey and we gave a little update on the project.
Gerardo Del Real: Well, let's talk about that survey. I want to read a quote from president & CEO Keith Henderson. He says he's “very pleased with the progress,” and says that the results of the magnetic survey will be combined with the mapping, sampling, and, of course, the geophysical surveys. But here's the part that was interesting to me. He said, “exploration so far is showing all the signs of hosting a large and robust hydrothermal porphyry and skarn system.”
It was a well put together release with a lot of images and maps. And look, 2023 is going to be a very important year for the company. You've been very busy, as I mentioned off the top there; doing a lot of great work advancing projects for potential partners.
But you also have projects that have already been joint ventured with some major partners. So obviously, a lot of catalysts coming up. Tell me about the release today. And then, let's talk about what the rest of the year looks like because there's, like I mentioned, a lot going on with the company.
Elyssia Patterson: Yeah, there is a lot, and especially since we have 15 different projects, and we have two royalties that we've done so far. So we do have a lot of things coming up for 2023.
With the release today, we did the recent completion of the ground magnetic survey on our 100%-owned Auquis project. And in our last release, on April 4th, we announced that we’ve found new mineralization.
So we have, actually, three different mineralizations on this project itself. We have porphyry and then skarn mineralization that we’ve found within certain assays up to 2.8% copper and 9.3% zinc. I don't know what else I can tell you so far… maybe ask me a question.
Gerardo Del Real: I think you summarized that well. I mean, that's the goal of this type of work, right, is obviously to vector into the better targets, define those targets, and see what kind of scale you have.
And then, hopefully, the business model for Latin Metals, of course, is to bring in a partner that's going to fund the exploration, which gives you shots-on-goal as far as a discovery goal goes.
And speaking of shots-on-goal, you have several with the major partners that you've been able to bring in on the other projects. How are things coming along on that front? I know we're expecting drilling from, hopefully, three different projects, if not more, between now and end-of-year.
Elyssia Patterson: Yes, with Barrick and AngloGold and Libero Copper, they are all working towards drill permits and exploration. And so by the end of 2023, we could see drilling on those three projects.
Along with that, we have our Lacsha property in Peru. So those three are all in Argentina. Barrick, AngloGold, and Libero Copper are all going to be drilling on our projects in Argentina because they’re more advanced.
Now, our Peru projects are getting up there where we have our actual drill permits for our Lacsha property, and we're looking for a partner for that one currently. With Auquis, we now have three mineralization areas and we also have skarn.
So that means we have maybe more tier-one mining companies looking potentially that they were interested in skarn mineralization. Now we have that… and that might be attracting them even more so.
Gerardo Del Real: Well, that's why the company has gotten the attention of several very committed long-term shareholders. It's why the company has gotten the attention of major mining companies.
You have, as you mentioned, multiple, multiple projects, not just in Argentina but also in Peru. And it looks like you are continuing to look for more projects. Is that accurate, Elyssia?
I know that you and Keith and the team are always scouting and tracking potential high value projects that you can vend out or joint venture as you've done so well in the past.
Elyssia Patterson: Yes, like I said, we have 15 different projects right now that we have in our portfolio. But we're not fully working on all of them at the same time because — like I said in an interview before — we don't start anything until we have our community agreements set in place.
So we might have some community agreements that we're working on… and we have our Mirador project that we just got in Argentina so we're working on that and working on our other projects in Peru.
So I think you're going to see a lot more press releases from us. I think we had thirty-two planned for this year, and I think we're at around 10 right now. So if you think about that… we have that much more to talk about.
Gerardo Del Real: Well, I'm looking forward to it. I know that everybody is waiting for the drill bit to start turning, right; the truth machine is really why the bulk of the market buys into exploration companies. Everyone wants that discovery, and there's only one way to make that. And that's by putting a drill to it.
Looking forward to having you back on once the drills start turning. Thank you so much for your time again, Elyssia.
Elyssia Patterson: Thank you so much for having me.
Gerardo Del Real: Alright, chat soon.
Elyssia Patterson: Bye.Click here to see more from Latin Metals