Plata Latina Commences Trading on TSX-V Under 'PLA'
April 12 2012 - 8:00AM
PR Newswire (Canada)
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/ VANCOUVER, April 12, 2012 /CNW/
- Plata Latina Minerals Corporation ("Plata Latina" or the
"Company") is pleased to announce that its common shares commenced
trading on the TSX Venture Exchange under the symbol 'PLA'
following the completion of its C$3.45 million initial public
offering earlier this week. Plata Latina has been focusing its
efforts on its 100% Naranjillo property where drilling has
discovered a blind epithermal vein system with values up to 17,833
g/t silver and 71.81 g/t gold over 1.60 metres. This is within the
Company's discovery hole, BDD-N-10, which encountered an
intersection of 10.95 metres (true width of 7.74 metres) that
assayed 3,181 g/t silver and 13.28 g/t gold. This is as previously
disclosed in the Company's March 5, 2012 press release which also
includes results from two additional holes returning significant
assays. Results from all eight drill holes completed on the
property are disclosed in Plata Latina's 43-101 technical report on
Naranjillo filed on SEDAR (www.sedar.com). The Company is currently
diamond drilling with a planned program consisting of 10,000 metres
expected to be complete in the third quarter of 2012. The
Naranjillo property is regionally situated in the central part of
the Mexican Silver Belt, approximately 35 kilometres southeast of
the world-class Guanajuato epithermal silver-gold vein district in
Mexico and is one of five new properties the Company plans to
explore. "We are very excited about bringing Plata Latina to the
public markets as we believe there is considerable potential at
Naranjillo as demonstrated by the high values returned from our
first discovery hole," said Mike Clarke, Plata Latina's President
and CEO. "Our objective is to discover Mexico's next potential
epithermal silver-gold vein district and we are on our way as we
continue with our extensive drill program this year. We look
forward to sharing this journey with our investors." Qualified
Person This news release has been reviewed and approved by David
St. Clair Dunn, P.Geo., a Qualified Person as defined under NI
43-101. About Plata Latina Minerals Plata Latina Minerals is a
Canadian silver exploration company currently concentrating its
drilling efforts on its 100% owned Naranjillo property which
consists of 31,701 hectares and is located in Guanajuato, Mexico.
The Company has four additional properties also located in the
Mexican Silver Belt which have yet to be explored. Plata
Latina's expertise in the ore horizon concept and extensive
experience in Mexico provides a competitive edge for discovery of
new districts between old historic deposits. Its highly experienced
management team and board are focused on developing its portfolio
of high-potential targets and exploring additional value-creation
opportunities. The Company trades on the TSX Venture Exchange under
"PLA". Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release. FORWARD LOOKING
STATEMENTS This news release contains forward-looking statements
and other statements that are not historical facts including
statements about the intended use of proceeds from the initial
public offering and planned exploration program. Such
forward-looking statements are subject to known and unknown risks,
uncertainties and assumptions that could cause actual results to
vary materially from target results and the results or events
predicted in these forward-looking statements. As a result,
investors are cautioned not to place undue reliance on these
forward-looking statements. The forward-looking statements
contained in this news release are made as of the date of this
release. Except as required by applicable law, Plata Latina
disclaims any intention and assumes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. Forward-looking
information reflects the current expectations or belief of the
Company based on information currently available and such
information is subject to a number of assumptions, risks and
uncertainties, including risks related to exploration,
uncertainties related to financings; the uncertainties of
interpreting exploration results and the other risks associated
being a mineral exploration company. Plata Latina Minerals CONTACT:
Letitia Cornacchia, Vice President, Investor Relations
andCorporateCommunicationsTelephone: +1 416 860 6310Email:
lcornacchia@plminerals.com
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