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Latin American Minerals Inc.
Summary
| Project: | Paso Yobai | |
|---|---|---|
| Deposit: | Paso Yobai | |
| Location: | Paraguay | |
| Commodities: | Gold | |
| Date: | 1/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-1-2017: Latin American Minerals Inc. announces an Exploration/Drilling Update report for its Paso Yobai deposit at the Paso Yobai project. Drilling results incl. 0.50m @ 14.2g/t Au from 117.78m. January 19, 2017 – Toronto, Ontario – Latin American Mine | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paul Sarjeant (Not stated) | |
| ABSTRACT: | January 19, 2017 – Toronto, Ontario – Latin American Minerals Inc. (TSXV: LAT) (the “Company”) announces results from the first four drill holes of the 10,000 metre drill program at its Paso Yobai gold project in Paraguay. Trenching, drilling, open pit excavation and bulk sampling have intersected gold mineralization over the 3000 metre long Discovery Trend. Multiple ore shoots have been identified in this work. The present drilling was situated to test at depth the gold mineralization sampled in Trench 6, located on this trend. Basil Botha, President and CEO of the Company stated “The Company has a long list of targets ready for drilling, which have been identified though surface sampling and geophysical methods. This initial area is located within the permitted mining concession. Each drill hole, while not necessarily conclusive in itself, gives us more information on the very complex geological structure at Paso Yobai and once all the data from the rest of the program is combined, we will have greater clarity for future definition of the multiple ore shoots on this project.” Latin American Minerals Inc. is a mineral exploration and gold mining company which holds its core gold and diamond projects in Paraguay. The Company is currently expanding its Independencia Mine gold processing plant to encompass vat-leach gold recovery from mineralization extracted in open pit bulk mining activities at its fully permitted mining concession. 3 Management has identified exploration targets at Independencia Mine, and six new gold zones on the Company’s adjacent exploration claims, for drill testing. This property package comprises the Company’s 15,020 hectare Paso Yobai gold project. | |
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