Latin American Minerals Announces Jeremy Niemi As Technical Advisor And Provides Exploration Update
Toronto, November 7, 2017 - Latin American Minerals Inc. (TSXV: LAT) (the "Company") is pleased to announce the addition of Jeremy Niemi as a technical advisor. Mr. Niemi is a geologist with 20 years of experience in the resource industry, both at corporate and operational levels. Mr. Niemi was previously the Vice President, Exploration for GoldQuest Corporation.
During his tenure at GoldQuest, Mr. Niemi led the advancement of the Romero project from an initial inferred resource of 300koz AuEq, to a pre-feasibility study, a $23M investment from Agnico Eagle and a current mineral reserve + resource of 2.5M oz AuEq. Prior to Goldquest, Mr. Niemi was Vice President, Geology at Noront Resources and prior to that he was Manager, Technical Services, for Kinross Gold Corp..
Jeremy Niemi stated: "I am very excited to join the Latin American Minerals team. The project is very attractive with great potential for multiple high-grade gold deposits in a historically overlooked region ".
Mathew Wilson, President and CEO, stated: "With his extensive experience and history of success in developing large systems we feel Jeremy is a great addition to our technical team. His skill set closes the final gap in our team and I am confident he will create some real value for us all."
Exploration Update
The Company is also pleased to provide an exploration update for the Paso Yobai gold project in Paso Yobai, Paraguay.
Over the last few months the Company has worked to reprocess the 10 years of drilling, geophysical and geochemical data to further define and expand on the previous exploration model. Given the extensive data set on this project the Company engaged Brian Bengert, former head of North American geophysics for Vale, to lead this effort. The result of this is the formation of 34 new high priority drill targets.
Mathew Wilson, President and CEO, stated: "The amount of data available on this project is truly remarkable. We are fortunate to have an industry expert such as Mr. Bengert available to work with our company. His ability to evaluate the data and then sort and rank these new drill targets is of immense benefit to the future value of this company. We believe we are now ready to attack this incredibly prospective project in a systematic way as has never been done before."
About the Company
Latin American Minerals Inc. is a mineral exploration and gold mining company which holds its core gold projects in Paraguay. The Company is currently completing the reconfiguration of its Independencia Mine gold processing plant.
Management has identified exploration targets at Independencia Mine, and six new gold zones on the Company's adjacent exploration claims, for drill testing. This property package comprises the Company's 15,020 hectare Paso Yobai gold project.
For more information, please contact:
Mathew Wilson, President and CEO
Toronto: 416-643-7630 ext 5998
E-mail: information@latinamericanminerals.com
Website: www.latinamericanminerals.com
The Company's public documents may be accessed at www.sedar.com.
For further information, please visit our website at www.latinamericanminerals.com or email us at
information@latinamericanminerals.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
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