From 'David Pescod's Late Edition' December 19, 2007

(A publication of the Cannacord investment banking and brokerage firm)

LATIN AMERICAN MINERALS (V-LAT) $0.80 +0.15
Latin American Minerals has a chart like that of many junior miners over the last while...it’s been ugly. Yesterday though, it proved that things still can go up in this kind of climate as they announced they intersected visible gold in its drilling on its Paso Yobai gold project in Paraguay.

According to the news release, Dr. Waldo Perez, Sr. VP Exploration reports that “the mineralized zone is hosted in a 6 meter interval from 86 to 92m and consists of visible gold in quartz-carbonate veins and stockwork…”

“All holes intersected the mineralized zone ranging in width from 3 to 10m. This confirms that the high grade gold found on surface with visible gold...has continuity at depth and is not supergene.” The announcement continues, “This has profound impact in the tonnage potential of the Paso Yobai camp since we defined the gold bearing mineralized zone along strike for at least 4km.”

This is pretty interesting stuff and more than a few people think Latin American has a more than competent management team. Which is the good news.

The bad news is visible gold can mean something ... or nothing at all when the final results are out. Those actual results are expected sometime in January, so I suspect when those numbers do come out, this will once again become a story of the day.

Latin American had been one of the top picks of Kevin MacLean of Sentry Select, but lately it doesn’t matter whether its been Latin American or Teck Cominco or Breakwater, it’s been that ugly for anything in mining.

For those looking to see what visible gold actually looks like in a drill core, Latin American has just added some pictures (go to their website at www.latinamericanminerals.com). It gives you a first hand idea of what “visible gold” actually looks like, but of course trying to guess what the gold could grade just by looking at it, is more an art than a science and as experienced mining folk will tell you, these cores could run just about anywhere. But it sure does look nice, don’t you think?

We find it interesting the number of mining folks that figure this play now has to be watched because of the tonnage implications...With potentially four kilometers of length so far and up to eight kilometers traceable, tonnage could be there...the question is, is the grade?