23 May Latin American Minerals provides drilling update at Paraguay gold project
Latin American Minerals has announced an update on its drilling activity at its 15,020 hectare Paso Yobai Gold Project in Paraguay, where the focus has turned to a new gold zone.
The Canada-based junior has two rigs operating at the project and has completed 11 drill holes for a total of approximately 4,000 metres, with 10 of these holes either in the assay lab or in transit to the lab in Mendoza, Argentina.
Thus far, the company has tested four targets and confirmed in its drilling update that the focus has recently turned towards the central area of the Tacurú gold zone.
“While our programme initially began with a regional focus, we have since turned all attention to targeting the Tacurú target due to the high-grade nature and extent of the gold historically observed on the property,” said the company.
Drilling is currently at the Southeastern portion of the anomaly, where Latin American Minerals has previously intersected high-grade gold mineralisation, including 94.6 g/t gold over 2.6 metres at 34 metres depth.
Mathew Wilson, president and CEO of the company, said: “The blueprint to a successful exploration company is to find great people to discover, explore, interpret, and operate in areas where these people deem there to be great potential for mineralisation.
“With people like Jeremy Niemi and Bira de Oliveira leading our program and the nature of the mineralisation seen to date, I think this company is primed for exciting things.”