Latin American Minerals Announces Initial Trial Gold Pour
Latin American Minerals Announces Initial Trial Gold Pour
November 1, 2017 – Toronto, Ontario – Latin American Minerals Inc. (TSXV: LAT) (the “Company”) is
pleased to announce that the company has smelted its first gold doré bar weighing 149.7 grams since last
producing gold in 2015. The Company’s first attempt at reprocessing the tailings used a gravity process
which lost much of the fine gold. The strategy to move to a VAT leach only operation commenced 45 days
ago with this initial trial production under the stewardship of the new COO Bira de Oliveira, P.Eng., MBA,
PMP, PhD.
Mr. de Oliveira has implemented a n agitation process in the leaching stage and changed the
method of loading the VATs from slurrying to truck loading material directly to the VATs. This will both
increase the concentration of the pregnant solution by decreasing the use of fresh water , as well as
decrease the loading time of each VAT. Both of these changes will lead to greater operatio nal efficiency
as the company moves towards stable commercial production.
The Company, under Mr. de Oliveira’s leadership , is working to finalize improvements in the
absorption, desorption and regeneration process with new materials being ordered and final testing of
equipment underway.
Mathew Wilson, President and CEO stated “We realize this has been a long road for shareholders over
the last two years and are pleased to report today’s encouraging step towards consistent commercial
production. In only a short period of time Mr. de Oliveira has managed to recover gold in solution for us
to process, pour, and light the way to a stable and profitable operation. I am very proud of the work that
the team has done to stabilize recoveries of gold-in-solution and am confident that the missteps and
inefficiencies of the previous plant and processing design will soon be behind us”.
About the Company
Latin American Minerals Inc. is a mineral exploration and gold mining company which holds its core gold
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.
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.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Paul
Sarjeant, P.Geo., a Qualified Person under National Instrument 43-101. Mr. Sarjeant is Vice President of
Exploration.
For more information, please contact:
Mathew Wilson, Mfin, CFA
President and CEO
Tel: (416) 643-7630
E-mail: [email protected]
Website: www.latinamericanminerals.com
The Company’s public documents may be accessed at www.sedar.com.
For further information, please visit our website at www.latinamericanminerals.com or email us at
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release.
This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward looking
information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”,
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management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from those projected in the forward-looking information. For a description
of t he risks and uncertainty-es facing the Company and its business and affairs, readers should refer to the Company’s
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