PHASE III DRILL PROGRAM PLANNED FOR PAN GOLD DEPOSIT
SPOKANE, WA, October 30, 2000; Latitude Minerals Corp. (LTU.CDNX) announces that it is in the process of permitting the next round of drilling (Phase III) for its Pan Gold deposit in White Pine County, Nevada. Latitude¹s JV partner on the project, N.A. Degerstrom, has committed to fully finance the next round of drilling. This decision to move ahead is base on the success of the previous two phases of drilling as well as the presence of additional targets generated from the recently completed structural and geologic mapping program. Results of the mapping have revealed major NE-trending faults, which intercept the prolific 3.5 mile long north-trending Pan Fault and serve as structural loci for possible higher-grade mineralization.
Latitude is currently permitting the 20 hole (5,500 foot) Phase III drilling program with the Bureau of Land Management. The 20 holes will be spread over seven (7) target areas, which, from north to south, includes the possible extension of high-grade Red Hill zone, south Pilot Ridge, West Pan, Middle Pan, Middle Pan west, higher-grade South Pan (43,000 N) and South Pan Horseshoe areas. Target evaluation ranges from stepping out on know high-grade hits to exploring for new higher-grade pods of mineralization. Drill site preparation is scheduled for middle November with drilling to begin as soon as the permit is in hand.
Additional information can be obtained by contacting Norman Eyolfson in Investor Relations (416) 762-8995 or by visiting the Company¹s website at latitudeminerals.com.
Latitude Minerals Corporation.
John R. Carden,
President |
