Latin American Minerals Inc.

Latin American Minerals Inc.

December 18, 2007 10:24 ET

Latin American Minerals Completed 2000m of Drilling at Its Paso Yobai Gold Project; Finds Gold at Depth

TORONTO, ONTARIO--(Marketwire - Dec. 18, 2007) - Latin American Minerals Inc. (TSX VENTURE:LAT) announces that it has intersected visible gold in a drill core at its Paso Yobai gold project in Paraguay. Twelve drill holes totaling 1,980 meters have been completed of the planned 5,000 meter diamond drill program. The drill holes are located on sections established at 200 meter intervals along a 1,200m portion of the known gold bearing zone defined by trenches and pits with gold mineralization on surface reported on November 19, 2007 press release. Drill holes have been drilled between 57 and 310m deep, perpendicular to the main NW mineralized zone. All holes intersected quartz-carbonate veins at variable depth from 40 to 250m. The drill core has been logged, sampled and sent to Alex Stewart Laboratories for analysis. Results are expected in January.

Dr. Waldo Perez, Sr VP Exploration reports that "the mineralized zone is hosted in a 6 meter interval from 86 to 92m and consists of visible gold in quartz-carbonate veins and stockwork with pyrite and black sulfides with kaolin-smectite alteration in the basalt-sandstone hanging wall. All holes intersected the mineralized zone ranging in width from 3 to 10m. This confirms that the high grade gold found on surface with visible gold reported in LAT's November 19, 2007 press release has continuity at depth and is not supergene. This has a profound impact in the tonnage potential of the Paso Yobai camp since we defined the gold bearing mineralized zone along strike for at least 4km (with a further 2km identified by soil geochemistry) to a depth by diamond drill to at least 100m over a width ranging from 3 to 10m."

Pictures of the core and location of drill holes will be available shortly at our website at

Due to the presence of coarse gold in the drill core, Alex Stewart Laboratories has suggested that metallic screen assay techniques be used. This preparation technique separates the sample in fractions by size and analyzes the coarse and fine fractions by standard Fire Assay methodology. Assay results are expected in January, since the preparation technique required to deal with coarse gold takes more time than standard preparation technique.

Mr. David Wahl, President and CEO reports "... it is always significant when you can see native gold with the naked eye in a drill core, but even more significant is the apparent continuity of the gold bearing zone for at least 1200m."

Waldo Perez, P.Geo is LAT's internal Qualified Person under the requirements of National Instrument 43-101 and is responsible for this press release.

LAT is a mineral exploration company focused on the acquisition and development of base and precious metals projects in under-explored but highly prospective countries of Latin America.


This news release contains forward-looking statements, which can be identified by the use of statements that include words such as "could", "potential", "believe", "expect", "anticipate", "intend", "plan", "likely", "will" or other similar words or phrases. These forward-looking statements, including statements regarding the Corporation's beliefs in potential mineralization, are based on current expectations, assumptions and projections about future events and entail various risks and uncertainties that are beyond the Corporation's ability to control or predict. Actual results may materially differ from expectations as more information regarding a property is gathered or if the Corporation's estimates or assumptions prove inaccurate. Factors that may materially affect actual results include, but are not limited to, political, business and economic conditions in Argentina and in jurisdictions where the Corporation conducts business, and risks associated with mineral exploration and production. The Corporation does not intend, and does not assume any obligations, to update forward-looking statements, whether as a result of new information, future events or otherwise. Readers should not place undue reliance on forward-looking statements. The results described herein are exploratory in nature and there can be no assurance that they are indicative of Mineral Resources as defined in accordance with National Instrument 43-101.

The TSXV has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

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