Palisade Mine Tour II – Awakening a Sleeping Giant: District Size Gold in Paraguay
Published On: October 6, 2016
Who Is Latin American Minerals (TSX-V:LAT)
Latin American Minerals (TSX-V:LAT) is a misunderstood “red-haired orphan”, who managed to produce some gold in Paraguay. Don’t bother wasting your time looking at the website for more info, it’s pretty vague… but LAT has a new management team and a new Board, so this will all change soon.
Palisade had the pleasure of sending our Technical Team to site for a little due diligence, and wow were we surprised with what this little cafeteria loaner had to offer. We were so impressed, we invested!
Much to our surprise, this little company has heaps of history. It’s been around since 2006 and has devoured upwards of $20 million. All its assets are in Paraguay, a very mining-friendly jurisdiction that we don’t hear much about, quite simply because nothing happens there; except for farming, eating, and drinking copious amounts of mate (local caffeine drink).
The company was formed around a ground package in the prolific artisanal gold district known as Paso Yobai. For the better part of the last century locals have been mining the X-mile trend and Discovery trend of epithermal gold veining; some pits go dangerously deep and some are quite shallow. LAT owns a fairly large piece of this trend.
Read more HERE.