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Latin American Minerals Inc.
Summary
| Project: | Paso Yobai | |
|---|---|---|
| Deposit: | Discovery Zone | |
| Location: | Paraguay | |
| Commodities: | Gold | |
| Date: | 8/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-8-2017: Latin American Minerals Inc. announces an Exploration/Drilling Update report for its Discovery Zone deposit at the Paso Yobai project. Drilling results incl. 0.6m @ 24.4g/t Au from 48.0m. August 18, 2017 – Toronto, Ontario – Latin American Mine | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paul Sarjeant (Internal) | |
| ABSTRACT: | August 18, 2017 – Toronto, Ontario – Latin American Minerals Inc. (TSXV: LAT) (the “Company”) is pleased to provide the results from the next four holes of the Q1 drilling program and an update on corporate activities. At the end of the first quarter the company drilled seven shallow holes into the northwest end of the Discovery Trend, the Temi Zone (see Figure 1 below for project map). The effort was undertaken to define the extent of the mineralization near surface as well as to provide further insights into the orientation of larger potential feeder structures at depth. The drilling was conducted approximately 1.8km northwest along trend from DDH-LAT-79 which returned 7.34m of 37.94g/t gold (please see press release dated May 02, 2017). The company is pleased to announce that gold mineralization was present in all holes assayed to date. Visible gold was noted in several drill holes. Results for the final three holes are still in progress. Paul Sarjeant, P.Geo., Vice President of Exploration of the company stated “It is very exciting that we see the same nature of mineralization nearly 2km away from previous high grade drilling results. In each drill hole reported to date, the targeted altered and mineralized dyke was intersected where anticipated. In each hole multiple zones of the typical manganese oxide, carbonate and clay alteration with quartz and carbonate veinlets that hosts the gold mineralization were drilled. The highly variable assay results indicate that we are likely not in the core of the system but we are very excited by the bonanza grades we continue to encounter.” | |
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