Latin Metals (TSX-V: LMS)(OTCQB: LMSQF) CEO Keith Henderson on High Grade Copper at 100% Owned Tillo Project


Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the President and CEO of Latin Metals, Mr. Keith Henderson. Keith, great to have you back on. How are you?

Keith Henderson: Yeah, I'm great, thanks. Thanks very much for having me back. I really appreciate it.

Gerardo Del Real: Well listen, the last time that you and I spoke publicly we talked about the multiple shots on goal with having major partners funding exploration at various projects. You just discovered high grade copper mineralization at a 100% owned project in Peru, the Tillo project, and I wanted to have you back on because I know we spoke a bit privately about what you're seeing and the target that you're developing, or the targets that you're developing, and I know that the team is as enthusiastic as can be, and I get enthusiastic because I know you have a very methodical approach to developing projects and targets and then getting them joint ventured, preferably with a partner, but we were already talking about possibly three and maybe even four drill programs this year. Now it looks like you have another pretty exciting project to work on and potentially joint venture. Is that going to be the approach, Keith?

Keith Henderson: Yeah, absolutely, and this is what... People focus on the advanced projects. They focus on the excellent partners that we have. They focus quite rightly on the fact that we're going to have three drill programs this year hopefully, but I'm not surprised that people look at this, but there's a very important other side to our business here which is what we're doing in the background, and we've got to be identifying projects, acquiring projects, getting work done on the ground, hopefully making discoveries and then finding more partners, and that's what's going to make this model work so well for us. The more partners we have, ultimately more drilling, ultimately a better chance of success.

Also clearly when you get partners, you end up having more and more money coming into the company. That's more non-dilutive cash, which means, again, less financing, so every aspect of this model doesn't just rely on the back end where you've got the partners getting busy with the things that you want to achieve, but what you're doing ahead of that, which is hopefully making discoveries, and this Tillo project is just a really great example of that. It's just something we staged from nothing.

As far as we know there's never been any work done on this project ever, by anybody. We identified it as having potential. We acquired it for very very minimal cost, and now we've done just the very initial parts of our work and we've got really good soil results. It looks really great. It's a really cohesive anomaly over a very large area and we're just waiting for some rock results. We took some initial rock samples and hopefully those will come in too, so yeah, this is a massively important part of what we're doing. It doesn't always get all of the attention, but in due course hopefully if these projects work out, these will be partnered up as well and they'll be just as important as our more advanced ones.

Gerardo Del Real: What comes next, Keith? There's a lot of eyes on this story. I think people are starting to figure out the quality and the caliber of the projects that you've been able to amass in the portfolio. What comes next for new shareholders that may be wondering and maybe aren't as familiar with the story as we are?

Keith Henderson: Well, there'll be more work on this project. There'll be initial work on another project called Para. There'll be hopefully more acquisitions and hopefully some of our more advanced exploration projects in Peru will be attracting partners. Our Lacsha project in Peru over the last 18 months has just done really really well, and of course we announced that we'd secured a drill permit for that one at the beginning of January, and so for me, for my money, that's the project that's just ready for a partner, and so obviously we spend a lot of time engaging with potential partners and trying to negotiate the right deal for the project, but hopefully that's something that we can get wrapped up here in the next month. 

Gerardo Del Real: It's an exciting time for the company. It's exciting to shareholders to have this much quality exposure to not just Peru, but obviously Argentina as well, to have exposure to copper, to have exposure to gold, to have exposure to molybdenum. Anything else to add to that, Keith?

Thanks for coming on. Always appreciate your time, and obviously looking forward to the multiple catalysts this year.

Keith Henderson: Yeah, there's nothing to add. We just expect to keep on going with the news flow. We have a year where we plan to have a lot of news flow. We've got a lot of projects, a lot of things happening, and so I hope that we can just continue to deliver really interesting news releases and significant news that people can really buy into.

Gerardo Del Real: Looking forward to all that news. Keith, thanks again.

Keith Henderson: Great. Thanks a million.

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