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Latin American Minerals Inc.(TSXV:LAT) announced that it recently delivered the first gold doré bar that was produced at its Paso Yobai pilot plant to the Johnson Matthey Ltd. gold refinery in Ontario.
As quoted in the press release:
The Independencia Mine pilot plant was constructed on the Paso Yobai Gold Project to provide a bulk testing facility to assist in quantifying the resource potential of this large epithermal gold system. The plant is currently processing gold mineralization excavated to 20m depth from the Discovery Trend Target, where mineralization is exposed at surface and has been drilled to greater than 100m depth.
Latin American, President and CEO, Miles Rideout, commented:
The delivery of the first gold bar to a refinery represents a milestone achievement for the Independencia Mine pilot plant. We’ve shipped this doré during Paso Yobai’s commissioning stage in order to validate pyrometallurgical protocols and to assure minimum refinery specifications for future product. According to the refinery assays, this bar contains 166 ounces of gold and 47 ounces of silver, valued at approximately $276,000. This represents a doré of 76.74% gold, 21.75% silver and approximately 2.5% benign impurities, which is well below refinery penalty levels. Our first production test is a success. Congratulations to our Paraguayan team.
Click here to read the Latin American Minerals Inc. (TSXV:LAT) press release
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