Latin American Minerals Granted Expanded Environmental Permit

Latin American Minerals Inc. (TSXV:LAT,OTCQX:LATNF) announced the receipt of an expanded environmental permit that authorizes heap-leach gold extraction at the Independencia mine, which is situated at the company’s Paraguay-based Paso Yobai gold project.

As quoted in the press release:

The Company is initially planning construction of four heap-leach pads with 18,000 tonnes total capacity. Current assayed stockpiles total 140,000 tonnes at 0.6 – 0.8 g/t gold, sufficient for 18 months of heap leach operation. Ongoing pit extraction is expected to replenish existing stockpiles.

The anticipated heap-leach circuit will operate concurrently with the high-grade bulk sampling concentrator plant and is expected to supplement existing cash flow. The Company observes that an independent feasibility study has not been completed and is required to advise the reader that there is no certainty the proposed operations will be economically viable.

Miles Rideout, president and CEO of Latin American Minerals, commented:

The timely receipt of this permit confirms the commitment and support by the local government to advance our landmark project. With plans for immediate construction, the heap leach expansion is a key step to augment cash flow to fund the Company’s top focus, drill testing the project’s seven additional target areas for high grade feeder zones.

Click here to read the full Latin American Minerals Inc. (TSXV:LAT,OTCQX:LATNF) press release.