Latin American Minerals (TSX-V:LAT) CEO Miles Rideout Talks Doubling Production Output in 2014
Latin American Minerals (TSXV:LAT) CEO Miles Rideout spoke to Resource Investing News about its Paso Yobai property in Paraguay.
Latin American Minerals (TSXV:LAT) CEO Miles Rideout spoke to Resource Investing News about its Paso Yobai property in Paraguay. “In 2013,” Mr. Rideout says, “we’ve expanded our pilot production by going into 24 hour shifts, and we completed metallurgical testing to take the project into heap-leach processing.” In 2014, the Company aims to double its production output.
Latin American Minerals Inc. is a mineral exploration company with its flagship Paso Yobai property located in eastern Paraguay, an emerging gold region. Paso Yobai hosts a large epithermal gold footprint on two parallel gold trends, namely the 10 km Discovery Trend and 14.8 km X-Mile Trend.
The Company holds a 100% interest in an on-site concentrator plant (mill) at the fully permitted Independencia Mine at Paso Yobai. In operation since 2012, the plant continues to provide vital information on the grade, mineralogy and metallurgical characteristics of the Paso Yobai mineralization through self-funded operation.
The Company holds 100% of the adjacent Paso Yobai X-Mile Trend exploration concessions, the present exploration focus. The Company also holds 100% interests in highly prospective diamond, REE, niobium and green-fields gold projects in Paraguay and base metals projects in Argentina.