Slide 1: Tillo Project
www.LATIN-METALS.com TSX.V: LMS JANUARY 2024 OTCQB: LMSQF Tillo Project
Slide 2: Highlights
Highlights • Tillo is located 70 km south of Lima in Peru • Tillo is 100% owned by Zafiro Mining SAC (subsidiary of Latin Metals Inc). • Agreement in place with local community for surface exploration. • Tillo is located close a cluster of VMS-style projects (10 km west of Balducho, 30 km north of L
Slide 3: Exploration Belt
Exploration Belt • The Cretaceous coastal belt between Ancash and Lima hosts significant VMS deposits such as María Teresa, La Palma, Perubar, Balducho and Aurora Augusta. • Porphyry copper projects discovered through exploration include Newmont’s ILLARI deposit and Latin Metal’s LACSHA project. ILL
Slide 4: Copper & Zinc Endowment
Copper & Zinc Endowment LEZARD • Maria Teresa 9.5 Mt (2017) grading 7.44% zinc, 0.49% copper, 1.39% lead, 4.02 oz/t silver • La Palma 14.5 Mt including 9.6 Mt of indicated grading 5% zinc, 0.7% lead and 22 g/t silver. PERU BAR • Perubar 6.5Mt grading 12% zinc, 1.5% lead, 30g/t silver • Cerro Lindo 3
Slide 5: Regional Geology
Regional Geology LEZARD • Casma Group (Chilca Fm., Pamplona Fm.) and Rimac Group is host for VMS style mineralization in the belt. • Santa Rosa and Tiabaya Coastal Batholith with younger PERU BAR porphyritic intrusions are the principal host for the Porphyry copper-gold mineralization related to Cre
Slide 6: Structural Framework
Structural Framework LEZARD • Deposits are strongly controlled by the intersection of major structural trends: – East-west low magnetic trends recognized by PERU BAR airborne magnetic surveys and; PALMA – major mapped fault systems trending northwest- southeast • Possible relationship to deep struct
Slide 7: Stratigraphic Column
Stratigraphic Column Quaternary Quaternary deposit Huarochiri Fm. (Andesitic tuff) 180 m Neogene Cenozoic Rimac Group Paleocenous (Andesitic tuff) 200 v v v v v v TILLO v v v v v v v v v v v v Post. Batholith v v v v v v v v v v v v Intrusive v v v v v v Quilmana Fm. v v v v v v (Andesitic flows) Me
Slide 8: District Geology
District Geology LOLI BALDUCHO TILLO • Lower Cretaceous Casma Group is common host for VMS style mineralization. PARA • The Upper Cretaceous Coastal Batholith hosts porphyry copper mineralization. TAURIPAMPA Tillo Porphyry/ VMS project VMS Mines Porphyry early or advance stage projects VMS early or
Slide 9: Schematic Section
Schematic Section A B TILLO 3000 msal PARA vv v v v 1000 msal ` v 0 msal v v v 0 3km Tillo Porphyry/ VMS project Miocene Volcanic Package Costal Batholith: (S.U. Tiabaya, S.U. Patap) Porphyry early or advance stage projects vvv v Mesozoic Volcanic Package VMS early or advance stage projects Mesozoic
Slide 10: Infrastructure & Access
Infrastructure & Access • The Tillo project is in Lima department, on the border between Huarochiri and Cañete provinces. • The project can be reached by road from Lima via Chilca. LIMA CALAHUAYA TILLO LIMA CHILCA TILLO 0 40km Lima department 0 20km Huarochiri and Cañete provinces TSX.V: LMS 10 www.
Slide 11: Stakeholder Engagement
Stakeholder Engagement • Tillo is located into the community of San Francisco de Calahuaya. • Surface agreement in place to explore the TILLO area. • The property comprises 2,000 hectares with mining titles under the name of Zafiro Mining SAC (a Subsidiary of Latin Metals Inc.) SAN FRANCISCO DE CALA
Slide 12: Regional Landholders
Regional Landholders • Latin Metals owns three projects in the area (Tillo, Para and Lolli) TILLO • Buenaventura holds ground contiguous to Tillo, presumably for VMS exploration as the Cerro Lindo mine is located 100 km south of Tillo. • The operating IOCG Raul - Contestable mine (Southern Peaks) is
Slide 13: Geology
Geology • Favorable Pamplona Formation is a Cretaceous volcanic package in contact with the Coastal Batholith. • Post Batholith intrusions probably developed porphyry type mineralization. TILLO Miocene Tuff Package Post Batholith Intrusions Eocene-Miocene Sedimentary Package S.U. Incahuasi v v v v C
Slide 14: Stream Sediment Sampling
Stream Sediment Sampling 154 ppm Zn 98.54 ppm Cu • Initial regional stream sediment survey reveals a 170 ppm Zn strong Zn-Cu Anomaly in Tillo • The area was defined by 5 anomalous samples 124 ppm Zn • Initial anomaly is 2 x 5 km in size 166 ppm Cu 200 ppm Zn 166.5 ppm Cu 240 ppm Zn 46-90 ppm copper
Slide 15: Soil & Talus Sampling
Soil & Talus Sampling • 101 talus and 79 soil samples were collected • The most abundant elements are Ba, Cu, Mn, P, Pb, Rb, Sr, V, Zn and Zr • Copper and Zinc are highest priority elements • Copper appears to be more anomalous in intrusive rocks and zinc is more anomalous in volcanics TSX.V: LMS 15
Slide 16: Soil & Talus Sampling
Soil & Talus Sampling Copper Zinc • Soil samples were collected in Horizon B where possible and where soil was not developed, talus samples were collected . • Copper and zinc values are more anomalous relative to the stream sediment anomaly. • Anomalous values reach 1,050ppm copper and 1,330 ppm zin
Slide 17: Rock Chip Sampling
Rock Chip Sampling • 146 rock chip samples were collected • The most anomalous elements are Cu, Mo, Zn, Sr, Pb, P, and Ba • Enrichment of copper and molybdenum is observed in both the Quartz Diorite and the Quartz Monzonite. • Zinc is more anomalous in the andesites than in the intrusive rocks TSX.V
Slide 18: Rock Chip Sampling
Rock Chip Sampling 1.39% Cu 170ppm Mo 0.67% Cu 421ppm Mo Copper • Rocks chip samples were taken over a 1m diameter area on outcrops. 1.36% Cu • Strong copper-molybdenum 93.8ppm Mo correlation in this phase. 214ppm Mo 99ppm Mo 1.04% Cu • Strong SW-NE trend in the mineralization, related to the 0.41%
Slide 19: Lithology
Lithology • The granodiorite from the Super Unit Tiabaya are the most representative rocks within the Coastal Batholith. • Post batholith intrusions appear to have developed porphyry type mineralization. Volcanics Quilmana Andesite Super Unit Tiabaya Granodiorite Post Coastal Batholith Intrusives Qz
Slide 20: Alteration in Rock Chips
Alteration in Rock Chips • the majority of the Andesites show • Sericitic alteration is obvious with chloritic chloritic alteration, with local sericitic alteration in both post batholith intrusives. alteration. TSX.V: LMS 20 www.LATIN-METALS.com
Slide 21: Alteration
Alteration • Sericitic > Chloritic alteration has been recognized in the Intrusive rocks. • Chloritic, Propylitic and Serictic alteration have been identified in the Andesitic volcanics around the area. Propylitic in Volcanic Chloritic in Volcanic Sericitic in Volcanic Sericite in Intrusives TSX.V:
Slide 22: Veining
Veining • Different types of veinlets recognized in the Quartz Monzonite and the Quartz Diorite as well as in the Volcanic rocks . Intrusives Early Dark Veinlets B Veinlets Volcanics C Veinlets? C Veinlets K Veinlets TSX.V: LMS 22 www.LATIN-METALS.com
Slide 23: Mineralization in Intrusive Rocks
Mineralization in Intrusive Rocks • Copper mineralization has been recognized as oxides. Cpy • Post Batholith intrusions are enriched in copper mineralization • The porphyritic rock with primary sulfide mineralization underlies the oxidation zone. Copper Oxides Gal Copper Sulfides TSX.V: LMS 23 www.
Slide 24: Mineralization in Volcanic Rocks
Mineralization in Volcanic Rocks • Zinc-lead-copper Cpy mineralization has been recognized in some volcanics levels within the andesitic package, in north of the property, close to the contact with the Coastal Batholith. Cpy Sph Gal Gal TSX.V: LMS 24 www.LATIN-METALS.com
Slide 25: Exploration Model
Exploration Model Miocene Volcanics • Different types of veinlets within the Quartz Post Batholith, Quartz Monzonite Monzonite related to Porphyry Copper Post Batholith, Quartz Diorite mineralization. Granodiorite from S.U. Tiabaya Porphyry copper-molybdenum vv v Polymetallic Mineralization / VMS •