Latin American Minerals Identifies Depth Potential at Its Tendal Massive Sulphide Project, La Rioja Argentina
Thu Apr 10, 9:00 AM
ca.news.finance.yahoo.com
TORONTO, ONTARIO--(Marketwire - April 10, 2008) - Latin American Minerals Inc. (TSX VENTURE: LAT.V) announces that preliminary results of the first six holes completed at its Tendal massive sulphide project can be expected by the third week of April.
Additionally, Quantec Geoscience Argentina S.A was contracted to complete three reconnaissance gravity traverses over the Verdiona massive sulphide zone exposed on surface using a La Coste-Romberg gravity meter G-470. A strong residual gravity anomaly was discovered immediately west of the Verdiona zone mineralization on LAT's mining concession. The core of the anomaly is up to 100m wide and is open along strike to the north and south. The size, shape and amplitude of the anomaly suggest a confined deep rooted dense mass consistent with massive sulphides. LAT intends to expand the gravity survey and initiate reconnaissance electromagnetic (EM) and rock chip sampling in an area underlain by schist, which showing signs of malachite leaching in breccias zones similar to that hosting the Verdiona zone mineralization. Based on the work completed to-date a series of block model diagrams have been manually generated to illustrate the excellent exploration potential which exists down dip of the known Verdiona massive sulphide occurrence. To view the block diagrams visit www.latinamericanminerals.com.
Furthermore, the historic Verdiona mine has been refurbished to allow safe access for geological mapping and sampling of the massive sulphides exposed in the underground workings. Photographs of the massive sulphides exposed underground can be seen at www.latinamericanminerals.com.
Mr. Wahl, President and CEO reports from the Property that "...despite unseasonably heavy rainfall, which destroyed parts of not only LAT's access road to the property but also many of the main Provincial highways which has slowed the progress at the Tendal project. We are back on track and is currently under the direct on site supervision of Dr. Waldo Perez, Sr. VP Exploration..". The extent of the damage caused by the torrential rains can be seen at www.latinamericanminerals.com.
"With the onset of winter we are pushing to complete the initial drill program within the next 6 weeks before the weather becomes more challenging" reports Dr. Perez.
Dr. Perez is the Company's internal "Qualified Person" under the requirements of National Instrument 43-101 and is responsible this press release.
LAT is a mineral exploration company focused on the acquisition and development of base and precious metals projects in under-explored but highly prospective countries of Latin America.
This news release contains forward-looking statements, which can be identified by the use of statements that include words such as "could", "potential", "believe", "expect", "anticipate", "intend", "plan", "likely", "will" or other similar words or phrases. These forward-looking statements, including statements regarding the Corporation's beliefs in potential mineralization, are based on current expectations, assumptions and projections about future events and entail various risks and uncertainties that are beyond the Corporation's ability to control or predict. Actual results may materially differ from expectations as more information regarding a property is gathered or if the Corporation's estimates or assumptions prove inaccurate. Factors that may materially affect actual results include, but are not limited to, political, business and economic conditions in Argentina and in jurisdictions where the Corporation conducts business, and risks associated with mineral exploration and production. The Corporation does not intend, and does not assume any obligations, to update forward-looking statements, whether as a result of new information, future events or otherwise except as required by applicable securities law. Readers should not place undue reliance on forward-looking statements. The results described herein are exploratory in nature and there can be no assurance that they are indicative of Mineral Resources as defined in accordance with National Instrument 43-101.
The TSXV has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
Contacts
David Wahl
Latin American Minerals Inc.
(416) 363-0841
Website: www.latinamericanminerals.com |
