Latin American Minerals Delivers First Gold Bar From Paso Yobai, Paraguay
29 Agosto 2012 - 10:23AM
Marketwired Canada
Latin American Minerals Inc. (TSX VENTURE:LAT)(OTCQX:LATNF) (the "Company")
announces the delivery of the first gold dore bar produced at its Paso Yobai
Gold Project pilot plant, to the Johnson Matthey Ltd. gold refinery in Brampton,
Ontario.
Miles Rideout, President and CEO of the Company, stated, "The delivery of the
first gold bar to a refinery represents a milestone achievement for the
Independencia Mine pilot plant. We've shipped this dore during Paso Yobai's
commissioning stage in order to validate pyrometallurgical protocols and to
assure minimum refinery specifications for future product. According to the
refinery assays, this bar contains 166 ounces of gold and 47 ounces of silver,
valued at approximately $276,000. This represents a dore of 76.74% gold, 21.75%
silver and approximately 2.5% benign impurities, which is well below refinery
penalty levels. Our first production test is a success. Congratulations to our
Paraguayan team!"
The Independencia Mine pilot plant was constructed on the Paso Yobai Gold
Project to provide a bulk testing facility to assist in quantifying the resource
potential of this large epithermal gold system. The plant is currently
processing gold mineralization excavated to 20m depth from the Discovery Trend
Target, where mineralization is exposed at surface and has been drilled to
greater than 100m depth. Current Independencia Mine and pilot plant activities
include open pit development, up-scaling of the onsite assay laboratory,
optimization testing of the Falcon gravity concentrators and the installation of
a production-scale pyrometallurgical furnace.
A picture of our first Paso Yobai gold bar and related photos are available with
this press release at the Company's website: www.latinamericanminerals.com.
About the Paso Yobai Gold Project:
The Paso Yobai Project is a 15,551 hectare exploration and mining property with
multiple gold showings evident at surface. The Company's ongoing exploration
continues to outline and verify epithermal gold mineralization on the Discovery
Trend and on the 14.8 km X-Mile Trend.
The Company is operating the Independencia Mine Pilot Plant on the Company's
99%-owned permitted mining concession, part of the Company's larger Paso Yobai
Gold Project.
About the Company:
Latin American Minerals Inc. is a mineral exploration company whose core
projects include the Company's Independencia Mine and satellite targets in the
new Paso Yobai gold district. The Company also holds diamond, REE, Niobium and
base metals projects in South America.
Dr. Waldo Perez is the Company's internal "Qualified Person" under the
requirements of National Instrument 43-101 and has approved this press release.
The statements made in this press release that are not historical facts contain
forward-looking information that involves risk and uncertainties. All
statements, other than statements of historical facts, which address Latin
American Minerals' expectations, should be considered forward-looking
statements. Such statements are based on management's exercise of business
judgment as well as assumptions made by and information currently available to
management. When used in this document, the words "may", "will", "anticipate",
"believe", "estimate", "expect", "intend" and words of similar import, are
intended to identify any forward-looking statements. You should not place undue
reliance on these forward-looking statements. These statements reflect our
current view of future events and are subject to certain risks and uncertainties
as contained in Latin American Minerals' filings with Canadian securities
regulatory authorities. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, our actual
results could differ materially from those anticipated in these forward-looking
statements. We undertake no obligation, and do not intend, to update, revise or
otherwise publicly release any revisions to these forward-looking statements to
reflect events or circumstances after the date hereof, or to reflect the
occurrence of any unanticipated events, unless required under applicable
securities laws. Although we believe that our expectations are based on
reasonable assumptions, we can give no assurance that our expectations will
materialize.
Latin American Minerals (TSXV:LAT)
Gráfico Histórico do Ativo
De Out 2024 até Nov 2024
Latin American Minerals (TSXV:LAT)
Gráfico Histórico do Ativo
De Nov 2023 até Nov 2024