Latin American Minerals Drilling Update
Latin American Minerals Drilling Update
May 22 , 2018 – Toronto, Ontario – Latin American Minerals Inc. (TSXV: LAT) (the
“Company”) is pleased to announce an update on its drilling activity at its Paso Yobai Gold
Project. The company has two rigs operating and has completed 11 drill holes for a total of
approximately 4000m. 10 of these holes are either currently in the assay lab or in transit t o the
lab in Mendoza, Argentina.
The company to date has tested 4 targets and has recently begun to focus on the central area of
the Tacurú gold zone. The current holes are testing for a feeder to the approximately three square
kilometer high grade gold anomaly. Drilling is currently at the south eastern portion of the anomaly
where the company has previously intersected high grade gold mineralization; including 94.6
gpt gold over 2.6m at 34 m depth and 107.7 gpt gold over 3.3m at 80m (see release dated April
24, 2012).
“The drilling program to date has intersected multiple mafic sills which intrude sandstones down
to vertical depths of greater than 250m. Over the entire property, gold is observed to be hosted
within sills and at the contact with the sandstone. While our program initially began with a regional
focus, we have since turned all attention to targeting the Tacurú target due to the high-grade
nature and extent of the gold historically observed on the property.”
The company is anticipating that assays will begin to be received over the next several weeks.
Mathew Wilson, President and CEO states: “ The blueprint to a successful exploration company
is to find great people to discover, expl ore, interpret, and operate in areas where these people
deem there to be great potential for mineralization. With people like Jeremy Niemi and Bira de
Oliveira leading our program and the nature of the mineralization seen to date, I think this
company is primed for exciting things.”
Sampling and Analytical Protocols
The sampling and analytical protocols were established, implemented and supervised by or under
the direction of Jeremy Niemi, P. Geo., the Company’s internal Qualified Person as defined by
National Instrument 43-101. At the drill site, the core was placed in core boxes and delivered to a
secure field core processing cent re. The core was split by trained technicians using a diamond
saw and logged by professional geologists. The nominal sample interval was approximately 1m,
though locally the interval might b e increased to 2 m or decreased to 0. 3 m, the interval being
determined by the logging geologists based on geologic indicators. Half of the core was stored in
the core box as a permanent reference of the sampled interval and half of the designated sample
set was cataloged and sealed in plastic sample bags for delivery to the Company’s internal sample
preparation facility at its Independencia Mine. The core samples are crushed, pulverized, dried
and samples are split. Nominally, 1000g of each sample is ground to minus 200 mesh, split and
the assay portion shipped by bonded courier to the Alex Stew art International in Mendo za,
Argentina. In the general case, gold was analyzed by fire assay with atomic absorption finish
using a 50 gram sample. Accuracy of results is tested through the systematic inclusion of blanks,
duplicates and certified reference standards.
Assays of Coarse Visible Gold: Coarse gold samples often exhibit a pronounced nugget effect
due to the presence of discrete particulate gold. This may generate a scatter in the analytical
results making it difficult to assess the true gold concentration. To improve the analytical
reproducibility of samples identified with visible gold, screen fire assays were employed.
Approximately 1000 gr of prepared pulp is sieved and the plus 75 micron (200 mesh) portion of
the sample is screened out and assayed in its entirety. The minus 75 micron portion of the sample
is homogenized and a 30 gram fusion is used to determine its grade.
About the Company
Latin American Minerals Inc. is a mineral exploration and gold mining company which holds its
core gold projects in Paraguay. Management has identified exploration targets at Independencia
Mine, and six new gold zones on the Company’s adjacent exploration claims, for drill testing. The
current drill program is testing 10 priority targets with a primary focus on the Tacurú zone. 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
Jeremy Niemi, P.Geo., a Qualified Person under National Instrument 43-101. Mr. Niemi is
Director, Exploration of the Company.
For more information, please contact:
Mathew Wilson, Mfin, CFA
President and CEO
Tel: 1-416-643-7630
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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This news release contains certain “forward-looking information” within the meaning of applicable
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