Categories: Mining Stocks
Topics: Copper Stocks

Investing in Gold, Silver, Copper in 2023

Prospect generator Latin Metals Inc. (TSX-V: LMS)(OTC: LMSQF) — currently trading around C$0.20 per share — has discovered a new copper-porphyry center and skarn-type mineralization at its 100%-owned Auquis copper-molybdenum project in southwestern Peru.

The newly identified mineralized zones are the result of an ongoing mapping and sampling program at Auquis. 

The LMS team is awaiting data from its recently completed ground magnetic survey at the property, which should go a long way in determining the dimensions of the porphyry targets mapped on-surface and the potential skarn mineralization to the west.

To-date, the Latin Metals field team has identified three distinct mineralized zones (see below) at Auquis: Blanco, Tinto, and Rose.

To-date, the Latin Metals field team has identified three distinct mineralized zones.

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Once processing of the recently collected magnetic data is complete, the data will be interpreted and used to refine the exploration model before additional follow-up sampling is undertaken at the new zones of mineralization and throughout the remainder of the property.

Latin Metals CEO Keith Henderson — whom you’re about to hear from directly in our exclusive interview — commented via press release:

“Our work at Auquis continues to deliver excellent results, with the recognition of two mineralized porphyry centers and a separate zone of skarn mineralization so far, giving all the indications of a large and robust hydrothermal system with potential to define both porphyry and skarn deposits. We eagerly await the results of a ground magnetic survey recently completed over the property which will aid our interpretation and continued exploration over the property.”

Peru is ranked as the No. 2 global copper producer with over US$60B of development-ready mine projects established… and, hence, it’s no surprise the Latin Metals team has decided to plant its flag there.  

LMS commenced its first exploration activities in Peru way back in 2019 and has since completed the acquisition of a number of 100%-owned copper-dominant exploration projects, including Auquis, meriting further advancement. 

LMS commenced its first exploration activities in Peru way back in 2019 and has since completed the acquisition of a number of 100%-owned copper-dominant exploration projects.

The main geologic focus area for LMS in Peru is the Coastal Copper Belt — a north-south trending belt that has produced numerous significant metals discoveries over the last 15 years across a variety of favorable deposit types including porphyry, epithermal, VMS (volcanic massive-sulfide), and IOCG (iron oxide copper gold).

Additionally, in Argentina, Latin Metals is advancing its co-flagship Organullo and Cerro Bayo projects, which are being advanced under definitive option agreements with majors AngloGold Ashanti and Barrick Gold, respectively. 

AngloGold Ashanti (NYSE: AU) has commenced exploration at the Organullo gold-copper project with Latin Metals expecting to receive initial exploration results soon. AngloGold’s 2023 exploration agenda for Organullo includes 7,000 meters of Phase-1 drilling to be completed via two drill rigs subject to permitting approval. 

Barrick Gold (NYSE: GOLD) has completed a substantial amount of surface exploration at the Cerro Bayo gold-silver project, including a 1,000-line-km ground magnetic survey, geological mapping, rock sampling, and spectral analysis. 

Upcoming exploration activities at Cerro Bayo will include efforts to hone in on the below-ground source, or “feeder zones” to the near-surface mineralization that’s systematically being mapped out at the property. 

And on top of all that, LMS has optioned its Esperanza copper-gold project, also in Argentina, to Libero Copper & Gold (TSX-V: LBC). Libero has submitted an EIA to provincial authorities for planned exploration activities at the drill-ready project.

Investing in Gold, Silver, Copper in 2023.

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In all, Latin Metals could see partner-funded drilling at Orgunullo, Cerro Bayo, and Esperanza before year end. 

To get a better sense of all the activity heating up in and around the company’s 100%-owned and partner-funded projects, our own Gerardo Del Real of Junior Resource Monthly sat down with Latin Metals CEO Keith Henderson for an in-depth discussion on all-things LMS. Please enjoy!

For more information on Vancouver-based Latin Metals, be sure to contact Ms. Elyssia Patterson at the company’s IR department at 604-638-3456 or via email at info@latin-metals.com and sign up to receive updates directly from the company here.

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest