Latin Metals CEO Keith Henderson discusses the success of rock chip channel sampling results from the company’s flagship Lacsha project in Peru.
Latin Metals (TSXV:LMS,OTCQB:LMSQF) picked up three very large-scale, 100 percent owned properties in 2021. Latin Metals CEO Keith Henderson shared the success of the rock chip channel sampling results from the company’s flagship Lacsha project in Peru.
“We’ve moved very quickly to get through multiple phases of exploration at the Lacsha project. We’ve discovered copper mineralization at the surface over multiple tens of meters. We plan more work for quarter four, and we think this project is going to be both drill ready and partner ready by the end of the year,” said Henderson.
“There was nothing at this site, nothing I’d like to show a year ago. And we’ve managed to take this from identifying the project essentially from nothing, all the way to really having drill targets ready in just a 12 month period.”
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Latin Metals has other projects in Peru and in Argentina, which the company intends to fund by upsizing its financing to raise total gross proceeds of up to $1.3 million.
“The deals that we’ve done this year alone are under contract to $21 million of investment that we hope to see coming in over the next five years. If we were to raise that money today, we’d be looking at issuing 115 million shares. That’s what really drives the healthy flow for the company. And hopefully gets us to a tier one discovery.”
Watch the full interview of Latin Metals CEO Keith Henderson above.
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