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Message: Mechanical Trenching Reports 7 gpt Gold over 8.5 Metres
| January 8, 2009 |
| Latin American Minerals: Mechanical Trenching Reports 7 gpt Gold over 8.5 Metres at Paso Yobai, Paraguay |
| TORONTO, ONTARIO--(Marketwire - Jan. 8, 2009) - Latin American Minerals Inc. (TSX VENTURE:LAT) (the "Company" or "Latin American") reports that mechanical trenching across the Discovery Zone on the Paso Yobai Gold Trend in Paraguay has exposed the gold-bearing zone in all trenches, locally containing coarse visible gold. The Paso Yobai Gold Trend hosting the Discovery Zone has been traced by airborne and ground magnetic surveys along strike for 7 kilometres, and has been outlined by a large regional gold soil anomaly measuring 8.5 kilometres long by 2 kilometres wide (Inset in Figure 1 of this press release). The core of the geochemical anomaly measures 6,000 metres long and 250 metres wide, and returned gold values in the soil ranging from 0.076 gpt to 1.1 gpt gold (Press Release of June 2, 2008). Within this large geochemical anomaly, a 2 kilometre long "Discovery Zone" has been traced by diamond drilling to a depth of 100 metres returning 26.64 gpt Au over 6.5 metres, including 43.08 gpt Au over 4 metres (Press Release of January 16, 2008). A longitudinal section, presenting the diamond drill results and the new trench assays discussed below, is illustrated in Figure 2. Latin American excavated eleven trenches at 100 metre intervals across the northern portion of the Discovery Zone. The locations of the trenches are shown on Figure 1 of this release. The trenches are approximately 10 metres wide, 15 metres deep and locally up to 40 metres long (Pictures 1 and 2 of this press release). All of the trenches have been mapped and sampled. Each trench is represented by two profiles, depicting the north and south walls as mapped, i.e. the north wall looking north and the south wall looking south. A typical trench profile (T2) including geology, sample location and assay results, is presented in Figure 3. All of the trench profiles are available on the Company's web site at www.latinamericanminerals.com. Assay results have been received for ten trenches. Results in Trenches 1 to 7 show a high grade zone exposed in T1, reporting 21.47 gpt Au over 0.5 metres. The zone continues in T2, reporting 61.38 gpt Au over 0.5 metres, 10.08 gpt Au over 0.5 metres in T3, 34.79 gpt Au over 0.6 metres in T4, 55.51gpt Au over 1.0 metre in T5, 7.0 gpt Au over 0.7 metres in T6, and 18.48 gpt Au over 1.3 metres in T7. This continuous high grade zone is surrounded by one or possibly two lower grade shoots, producing a weighted average grade of 8 gpt Au over 7.5 metres in T2 and 11.47 gpt Au over 2.8 metres in T7. All significant assay results are summarized on Table 1 of this press release. The trench results are geologically equivalent to the drilling results published in our January 16th 2008 press release of the Discovery Zone, suggesting the gold mineralization is continuous along strike and to depth. Trenches 8, 9 and 11 show lower results, in part because this area has been already worked by artisan miners, depleting the high grade shoots down to the bottom of the trenches (about 15 metres). Further excavating to a depth of 25 metres will be carried out to confirm gold mineralization below the level of the artisan working. Drilling results under these trenches returned 12.52 gpt Au over 6 metres, indicating that the gold mineralization continues at depth. "Results show that high grade coarse gold mineralization is continuous in length along the tested trenches," said Dr. Waldo Perez, Senior VP of Exploration. "The upside potential is intriguing since the Discovery Zone represents only 10% of the entire system." David Wahl, President and CEO, stated, "We are extremely pleased with current results in Paso Yobai, and are exploring various ways to advance the property." Dr. Waldo Perez, P.Geo., is Latin American Minerals Inc.'s internal Qualified Person under the requirements of National Instrument 43-101 and is responsible for this press release. Latin American Minerals Inc. is a mineral exploration company focused on the acquisition and development minerals projects in under-explored but highly prospective countries of Latin America. |
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