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Latin American Minerals Inc.
Summary
| Project: | Paso Yobai | |
|---|---|---|
| Deposit: | Tacuru, Moroti | |
| Location: | Paraguay | |
| Commodities: | Gold | |
| Date: | 7/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-7-2018: Latin American Minerals Inc. announces an Exploration/Drilling Update report for its Tacuru, Moroti deposit at the Paso Yobai project. Drilling results incl. 1.6m @ 0.99g/t Au from 0m. July 24, 2018 – Toronto, Ontario – Latin American Minerals | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jeremy Niemi (Internal) | |
| ABSTRACT: | July 24, 2018 – Toronto, Ontario – Latin American Minerals Inc. (TSXV: LAT) (the “Company”) is announcing assay results from the final three holes of its 2018 exploration drill program at its Paso Yobai gold project in Paraguay. The program comprised of 24 holes totaling 5,400m at the Tacuru, Tacuru North and Moroti exploration targets. The Tacuru exploration target was first drilled in 2012. The gold intervals were hosted within a silicified zone in the sediments which displayed a texture of bladed quartz-carbonate. The primary goal of the 2018 drilling was to locate and determine an orientation to the silicified zone, which may be the feeder to the gold identified in drilling and in soil samples at the site. As stated in the Company’s press release from July 3, 2018, the silicified zone was intersected in hole LAT-18-019 at a depth of approximately 170 metres and subsequently intersected in follow up holes LAT-18-020 through LAT-18-024. Initial assays demonstrate that the zone is mineralized with anomalous gold and appears to be relatively steeply dipping. Textures of the quartz mineralization, such as banded coliform and bladed, along with a non-existent sulphide content suggest the makings of a low sulphidation epithermal system. The Company has interpreted results to date as intersecting the upper portion of the system and the more prospective highgrade gold part of the system may be below. Results from the Company’s final three holes are presented below in Table 1. | |
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