Latin American Minerals commences deep target identification program at Paso Yobai Gold Project
Monday, Dec 10, 2012
Latin American Minerals Inc. (TSX VENTURE:LAT)(OTCQX:LATNF) (the "Company") announces the commencement of CSAMT geophysical surveys at the Paso Yobai Project in Paraguay, an early start to the 2013 exploration campaign to drill the project's multiple geochemical gold targets. The ground-based geophysical survey will initially focus on the X-Mile Trend prior to covering the Discovery Trend and multiple outlying target areas. The intensive geophysics program is expected to require 2 to 3 months. To follow up the initial deep reconnaissance survey results, the Company will implement the second phase of the program with targeted diamond drilling, expected to start by mid-February 2013.
CSAMT (Controlled Source Audio Frequency Magneto-Tellurics) is a rapid, high-resolution variant of the magneto-telluric class of geophysical surveys, designed to provide detailed section views of lithology and structural features, and to delineate any contrasting zones of hydrothermal alteration. The geophysics survey contract was awarded to Canadian company Quantec Geoscience Limited after a competitive bid process. Quantec is the world leader in deep magneto-telluric and electrical survey technologies for mineral exploration.
Miles Rideout, President and CEO of the Company, stated, "We have seen CSAMT surveys employed with excellent results on many gold systems over more than two decades. Applying this imaging technology at Paso Yobai, prior to drill testing many of our surface gold targets, will allow us to employ better structural information in the initial drill targeting, and will extend our targeting ability to more than 300 metres depth. The high resolution of CSAMT will allow us to better understand the nature, depth and orientation of major mineral targets. The potential benefits to the Paso Yobai gold project include: increased exploration depth, improved drill target identification, reduced reconnaissance drilling cost and improved target prioritization."