Latin American Minerals Inc.

Latin American Minerals Inc.

September 14, 2007 10:10 ET

Latin American Minerals Reports Widely Distributed Gold and Base Metal Mineralization at Its La Carolina Gold Project

TORONTO, ONTARIO--(Marketwire - Sept. 14, 2007) - Latin American Minerals Inc. (TSX VENTURE:LAT) announces that it has completed its Phase I diamond drilling program totaling 4,489m in 16 holes at its La Carolina gold project, San Luis Province, Argentina.

La Carolina is a large, low-sulphidation epithermal system hosted in a diatreme - dome volcanic complex that pierces through the Paleozoic basement in central Argentina. Anglo (now Anglogold Ashanti Ltd) drilled 55 shallow holes in 1989 and Geocom Resources Inc (Geocom) drilled 14 holes in 2004 identifying disseminated and vein hosted gold-bearing pyrite, galena and sphalerite in breccia pipes and the rims the volcanic complex. LAT targeted new IP geophysical and soil geochemical anomalies located on the contacts of the basement and the volcanic breccias as well as deeper targets located in the central part of the diatreme.

Six targets were tested: Mogote (6 holes), La Luisa (3 holes), El Camino (1 hole), El Corte (2 holes), La Ilusion (one hole), Olguin (one hole) and La Virgen (2 holes). Assay results have been received for 11 holes. Assays are still pending for La Virgen, El Camino and El Corte. The holes were inclined between -65 degrees and -70 degrees and drilled to depths ranging from 191m to 413m. For location of the targets and analytical results please refer to our web page

DDH-Lat 3 drilled on the La Luisa target, intersected 333m averaging 0.24gpt Au (the entire length of the hole). The gold grade increases with depth. The hole was terminated at 338m in a quartz pyrite stockwork averaging 0.4gpt Au over 78m (from 260m to 338m). Included in this section are several narrow higher grade intersections including 3gpt Au over one meter (from 260m to 261m) and 0.92gpt Au over 3m (from 280m to 283m). The quartz pyrite stockwork is hosted in a quartz-dacite dome and in the basement rocks. This long mineralized interval remains open to depth as well as to the north and west.

Holes DDH-Lat 6 and DDH-Lat 21, drilled in the Mogote target intercepted long intervals with base metal and gold mineralization. DDH-Lat 6 returned 401.3m @ 0.14% Zn (the entire length of the hole) including 119m @ 0.35% Zn and 0.14 % Pb (from 227m to 346m) and 28m @ 0.78% Zn and 0.23% Pb (from 227m to 255m). DDH-Lat 21 returned 176m @ 0.12 % Zn (from 237m to 413m) and 70m @ 0.34gpt Au (from 249m to 319m). Mineralization in both holes is composed of quartz and gold-bearing pyrite with sphalerite, galena and trace chalcopyrite and is hosted in a wide halo that extends from the breccia of the diatreme into the basement. These holes are located below a trench that returned 1gpt Au over 30m and a historic Geocom hole that returned 0.54gpt Au over 60m including 5.7gpt Au over 4m. The results indicate that the gold content decreases and base metal content increases at depth.

The remaining targets, Olguin (one hole) returned 0.3 gpt Au across 2m (from 140m to 142m) and La Ilusion (one hole) yielded no significant gold or base metal results. Pyrite is the most dominant sulphide and was found to be the cause of the strong chargeability/resistivity ("IP") anomalies identified in the basement rocks surrounding the diatreme.

The targets El Corte (two holes), el Camino (one hole) and La Virgen (2 holes) have pending assays from the laboratory.

Dr. Waldo Perez, Sr. V.P. Exploration states "...we found galena, sphalerite and minor chalcopyrite in the contact zone between the diatreme and the basement. Gold appears to be related to quartz pyrite veins at depth and decoupled from the base metals. Hole DDH-Lat 3 tested the exploration potential of the domes on the western margin of the diatreme. The results are encouraging and suggest that this mineralization could be peripheral to a higher grade system."

On receipt of the results from the remaining 3 holes LAT will evaluate the results and decide on a plan to define these large mineralized intersections.

"The object of this program was to test the high priority targets on the Property; we have eliminated some targets and have received encouraging results on others. What is impressive about the results is the extensive length of gold and base metal mineralization, which suggest that the La Carolina is a highly mineralized system and further work will be required to define the resource potential of these targets", reports David G. Wahl, P.Eng., P.Geo., President and CEO.

Latin American Minerals Inc. 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.

Dr. Waldo Perez, P.Geo. and Sr. Vice-President of LAT, is the designated Qualified Person for the project and is responsible for the contents of this news release.


Sampling and Analytical Protocols: At the drill site, the core was placed in core boxes and delivered to a secure field core processing center. The core was "split" using a diamond saw, logged, and sampled by or under the supervision of experienced geologists. The typically sample interval was 1m and locally the interval was increased to 2m. The sample interval was designated by the project geologists. Half of the designated sample interval was collected and placed in a plastic sample bag, tagged with a pre-numbered sample tags and tightly closed with plastic tape. The remaining half of the core was left in the core box as a permanent reference of the interval sampled. The collected samples were placed in rice bags and secured with a pre-numbered Company tags and transported by bus to Alex Stewart Assayers Argentina S.A. ("ASAA") laboratories in Mendoza (Argentina). ASAA is an ISO 9001-certified laboratory with headquarters in England. The samples were crushed, dried, split and grinded to minus 200 mesh. A total of 200 grams of sample have been separated for analysis. All samples were assayed for gold and multi-elements by ICP. Gold was analyzed by Fire Assay with AA finish using 50 gram sample. For the multi-elements the samples were dissolved in Aqua Regia at 120 degrees C and read in ICP-OES. Accuracy of results is tested through the systematic inclusion of blanks and certified reference standards.

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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