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Latin American Minerals Announces Final Drill Results and Corporate Plans Moving Forward
(via TheNewswire) July 24, 2018 - Toronto, Ontario / TheNewswire / Latin American Mine...
About this update from Sterling Metals Corp.
[{"type":"text","content":"Latin American Minerals Announces Final Drill Results and Corporate Plans Moving Forward(via TheNewswire)\n \n \nJuly 24, 2018 - Toronto, Ontario / TheNewswire / Latin American Minerals Inc. (TSXV: LAT) (the \"Company\") is announcing assay results from the final three holes of its 2018 exploration drill program at its Paso Yobai gold project in Paraguay. The program comprised of 24 holes totaling 5,400m at the Tacuru, Tacuru North and Moroti exploration targets. \n\n \n \nThe Tacuru exploration target was first drilled in 2012. The gold intervals were hosted within a silicified zone in the sediments which displayed a texture of bladed quartz-carbonate. The primary goal of the 2018 drilling was to locate and determine an orientation to the silicified zone, which may be the feeder to the gold identified in drilling and in soil samples at the site.\n\n \n \nAs stated in the Company's press release from July 3, 2018, the silicified zone was intersected in hole LAT-18-019 at a depth of approximately 170 metres and subsequently intersected in follow up holes LAT-18-020 through LAT-18-024. Initial assays demonstrate that the zone is mineralized with anomalous gold and appears to be relatively steeply dipping. Textures of the quartz mineralization, such as banded coliform and bladed, along with a non-existent sulphide content suggest the makings of a low sulphidation epithermal system. The Company has interpreted results to date as intersecting the upper portion of the system and the more prospective high-grade gold part of the system may be below. Results from the Company's final three holes are presented below in Table 1. \n\n \n \nTable 1. Drill hole assay intersections.\n\n \n \n\nClick Image To View Full Size\n\n \n \nAll intercepts reported represent core lengths; true width will vary depending on the angle of intersections of the diamond drill and the targeted zone. Holes are planned to intersect mineralized zones as close to perpendicular as possible. \n\n \n \nCorporate Plan Moving Forward\n\n \n \nMathew Wilson, President and CEO stated, \"despite challenging markets, we believe we have found the top of a potential feeder structure for the 2km x 1km Tacuru gold anomaly. We continue to work to find a partner on this asset, while continuing to conserve as much cash as possible during this time in an effort to maximize sharehold...