Toronto, Ontario, August 22, 2016, Latin American Minerals (“LAT” or the “Company”) (TSX-V: LAT) is pleased to announce that Dr. Quinton Hennigh has been appointed as an advisor to the board of directors.
Dr. Hennigh has assembled world class gold projects and led successful exploration programs resulting in significant discoveries throughout the world.
Dr. Hennigh, an economic geologist has more than 25 years of exploration experience with major gold mining companies including Homestake Mining Company, Newcrest Mining Limited and Newmont Mining Corporation. Dr. Hennigh made significant contributions to Newcrest Mining and Homestake Mining throughout North America, Europe, Australia, Asia and South America. He also served as senior research geologist with Newmont Mining Corp. and also served as its exploration geologist. From 2004 to 2015 he led the exploration program at Gold Canyon Resources Springpole Gold project near Red Lake Ontario, a 5 million ounce gold asset that was eventually sold.
Currently, Dr. Hennigh is president and CEO of Novo Resources Corp., a junior gold and development company with highly prospective assets in Western Australia. He earned a M.Sc. and a Ph.D in geology and geochemistry from the Colorado School of Mines in 1993 and 1996, respectively. Dr. Hennigh also holds a Bachelor of Science from the University of Missouri.
“ I am very excited by the prospect of advising Latin American Minerals,” commented Dr. Hennigh. “ After recently reviewing the Paso Yobai gold project, I immediately saw similarities to some other multi million ounce gold systems on which I have worked. Paso Yobai is a very subtle gold system possibly related to alkaline magmatism and have the potential to be large systems”.
Basil Botha, Chairman and CEO of Latin American Minerals stated, “Over the past 25 years, Dr. Hennigh has established an enviable reputation for timely and efficient completion of exploration programs which under his supervision has led to the discovery of multi million ounce gold projects. We are very fortunate to have him join our team and play a key role in our exploration program as we move toward advancing our assets in Paraguay”.
Subject to regulatory approval and the Company’s stock option plan, the Company also announces that it has granted an aggregate of 1,000,000 options to purchase common shares of the Company exercisable at a price of $0.37 per share for a period of 5 years to advisors and consultants of the Company. The common shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant.
About the Company
Latin American Minerals Inc. is a mineral exploration and gold mining company which holds its core gold and diamond projects in Paraguay. The Company is currently expanding its Independencia Mine gold processing plant to encompass vat-leach gold recovery from mineralization extracted in open pit bulk mining activities at its fully permitted mining concession.
Management has identified six gold zones for drill testing on the Company’s adjacent exploration claims, which is part of the Company’s 15,020 hectare Paso Yobai gold project.
For more information, please contact:
Basil Botha, CEO & Chairman
Toronto: (1-416) 363-0841 or Vancouver: (1-604) 418-3856
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.