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Message: Drill Program Underway at Paso Yobai Gold Project
| March 31, 2009 |
| Latin American Minerals: Drill Program Underway at Paso Yobai Gold Project |
| TORONTO, ONTARIO--(Marketwire - March 31, 2009) - Latin American Minerals Inc. (TSX VENTURE:LAT) has resumed its resource definition drilling program on the 1,000 metre long Discovery Zone at its Paso Yobai Gold Project in Paraguay. The first 1,500 metres of the 2009 program targets confirmation of continuity at depth and extension of high grade gold mineralization discovered earlier by drilling and exposed during trenching. Results are detailed in our releases of January 17th, 2008: "Latin American Minerals Intersects 6.5 m with 26.64 gpt gold including 4 m with 43.08 gpt gold," and January 8th, 2009: "Mechanical Trenching Reports 7 gpt Gold over 8.5 Metres." In addition to the mineralization expansion potential of the current drilling program, results will be used to generate a resource estimate for the Discovery Zone in compliance with NI 43-101, and to establish parameters for the entire Paso Yobai gold trend. The company has completed two holes. Both intersected the gold bearing zone characterized by intense quartz-calcite veining, disseminated pyrite and strong smectite and kaoline alteration. The holes were located to test the down dip extension of the gold mineralization exposed in trenches 1 and 2 respectively. Subsequent holes will test the gold bearing zone below the remaining trenches at depths between 50 and 150m. The Paso Yobai gold trend is defined by an 8,000 metre long by 300 metre wide gold soil anomaly. The core of the anomaly is defined by gold values ranging from 75 ppb to 1,100 ppb. Airborne and ground magnetometer surveys identified a linear magnetic feature coincident with the gold soil anomaly. The gold is hosted in veins and stockwork within the more intensely altered and fractured portions of a mafic dyke intruding sandstone. Reconnaissance diamond drilling completed during 2007-2008 on sections established at 200-400 metre intervals along strike of the Paso Yobai gold soil/magnetic anomaly confirmed the continuity of the gold bearing dyke (December 18th, 2007: "Latin American Minerals Completed 2,000 m of Drilling at its Paso Yobai Gold Project; Finds Gold at Depth"). Geochemically anomalous gold values were reported in all holes, and several of the holes intersected encouraging gold values over potentially significant intervals. Most of the follow-up exploration activity focused on the most readily accessible long section of the Paso Yobai trend named the Discovery Zone. Dr. Waldo Perez, P.Geo., Senior Vice-President of Exploration of Latin American Minerals Inc., is the designated Qualified Person for the Project and is responsible for the contents of this news release. Latin American Minerals Inc. is a mineral exploration company focused on the acquisition and development of exploration opportunities in South America. |
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