Business
Latin American Minerals Commences Regional Exploration Drilling Campaign
(via TheNewswire) March 2, 2018 / TheNewswire / Toronto, Ontario - Latin American Mine...
About this update from Sterling Metals Corp.
[{"type":"text","content":"Latin American Minerals Commences Regional Exploration Drilling Campaign(via TheNewswire)\n \n \nMarch 2, 2018 / TheNewswire / Toronto, Ontario - Latin American Minerals Inc. (TSXV: LAT) (the \"Company\") is pleased to announce the commencement of its 2018 regional exploration drill program at its Paso Yobai Gold Project. Drilling has started at the extensive gold-in-soil Tacuru target. In addition to the Tacuru target, the Company will aim to drill 10 additional new targets and systematically test for gold rich feeders and roots to the extensive surface gold mineralization. \n\n \n \nThe 2018 drill program is designed to explore high priority gold targets and identify the roots of the regional gold system. The targets occur within a large area of approximately 15 kilometres long by 5 kilometres wide, on which the Company has extensive geochemical and geophysical databases. The Tacuru target is located approximately 8km from the company's Discovery Zone drill hole from the spring of 2017 (see Figure 1), which revealed high grade gold of 37.9 g/t over 7.34 metres (see release dated May 2, 2017).\n\nLimited previous drilling and trenching confirmed the Tacuru Block is an important gold discovery on the Company's property. At the beginning of 2012, following up trench results of 3.8 gpt gold over 30.55 (see release dated Dec 15, 2011), twelve diamond drill holes totaling 1,712 metres were completed to a maximum depth of 115 m. All of the 12 drill holes intersected gold mineralization on 1500m x 2000m Tacuru Zone, including 94.6 gpt gold over 2.6m at 34 m depth; 107.7 gpt gold over 3.3m at 80m, open at depth and laterally (see release dated April 24, 2012). \n\n \n \n\"We are very excited to return to Tacuru and to kick off our regional drill program\" states, Jeremy Niemi, Director of Exploration. \"The Paso Yobai Gold Project is very unique in having so many untested gold targets in an area of extensive high-grade gold mineralization at surface. We look forward to drilling and to unlocking the potential of the property.\"\n\n \n \n\nClick Image To View Full Size\n\n \n \nFigure 1: Gold in soil geochemistry at Paso Yobai Gold Project\n\n\n \nMathew Wilson, President and CEO states: \"Over the last nine months the company has undergone many changes to get to where it is today. The company has worked to generate several high priority...