Latin American Minerals provides assay results

Latin American Minerals Inc., a mineral exploration company focused on the acquisition and development minerals projects in the countries of Latin America, provides assay results from 43 samples of 18 tailings ponds on its Paso Yobai gold property in Paraguay.

The tailing ponds are dry, coarse grained rejects from gravity plants and average 55m in diameter. Assays ranged from 0.1 gpt to 102.7 gpt of gold.

The diamond drilling to a depth of 100m returning 26.64 gpt Au over 6.5m, including 43.08 gpt Au over 4m, has indicated surface continuity of the gold bearing zone along strike of the Discovery Zone.

Additionally, the high gold grades detected in the tailing ponds strongly suggest a significant loss of the fine gold as a result of the primitive milling and gravity techniques used by mill operators in the area.

The mining company has also provided assay results from 16 other tailing ponds of local mill operators who processed gold bearing material from a 300 metre long trench excavated on the gold bearing zone immediately south along trend from the Discovery Zone.

Dr. Waldo Perez, Senior VP Exploration, said that the tailings assays show that Paso Yobai not only has great exploration potential, but that the existing tailing dumps host a significant value of gold. This production comes from 8 pits along 3 km of the 7 km gold trend in Paso Yobai.

David Wahl, President and CEO, added that Paso Yobai provides a unique opportunity for Latin American Minerals: the project is fully permitted for production, high grade gold mineralization is exposed on surface, is highly weathered, and can be extracted by mechanical excavators and processed by gravity to recover the coarse gold followed by a cyanide leach finish to recover the fine gold.

Results of the ongoing metallurgical testing are expected within the next month, concluded Mr. Wahl.