Additional Plata Latina Drilling Discovers 2,040 g/t Silver And 15.40 g/t Gold over 2.77 Metres
June 05 2012 - 8:00AM
PR Newswire (Canada)
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/ VANCOUVER, June 5, 2012 /CNW/ -
Plata Latina Minerals Corporation ("Plata Latina" or the "Company")
is pleased to announce further results from ongoing drilling at the
Company's 100% owned Naranjillo silver-gold property ("Naranjillo")
that continue to indicate the presence of a significant epithermal
silver-gold vein system. The Company has received assays for three
additional drill holes at Naranjillo (BDD-N-11, BDD-N-12,
BDD-N-14), with results ranging up to 2,040 g/t Ag and 15.40 g/t Au
over 2.77 metres on the principal Villa vein. Drill holes
BDD-N-12 and BDD-N-14 represent successive step-outs of
approximately 100 metres from the original high-grade intercept in
the Company's discovery hole, BDD-N-10, which averaged 3,181 g/t
silver and 13.28 g/t gold over 10.95 metres on the Villa vein, as
previously reported in Plata Latina's March 5, 2012 press release.
Hole BDD-N-11 explored the outlying San Diego vein group.
This drilling discovered significant silver-gold values on splits
of the Villa vein, as well as on a vein in the outlying San Diego
vein group, approximately three kilometres to the northwest of the
drilling at the Villa vein on the Naranjillo property. The Company
now has two diamond core drills working on the Naranjillo property
and plans to add a third drill in July of this year. All three
drills will be focused on advancing the Company's exploration at
Naranjillo for hidden silver bearing vein structures similar in
characteristic to other major deposits in the Mexican Silver
Belt. Plata Latina has defined a system of
northwesterly-striking veins at Naranjillo that have so far
produced significant drill-hole values over a distance of
approximately five kilometres along the vein system. Plata Latina's
President and CEO, Mike Clarke, said, "With this drilling of
additional high silver-gold values on the Villa vein and with the
discovery of additional veins bearing significant silver-gold
values at Naranjillo, Plata Latina continues to make progress in
its search for Mexico's next great epithermal silver-gold vein
district." A summary of these results is provided in the table
below. A long section view is available at the end of this press
release.
_____________________________________________________________________
| | From | To |Interval|True Width| Ag | Au | | | Hole | (m) | (m)
| (m) | (m) |(g/t)|(g/t)| Vein/Comment |
|________|______|______|________|__________|_____|_____|______________|
| |601.30|602.95| 1.65 | 1.24 | 316 |0.35 |San Diego Vein|
|BDD-N-11| | | | | | | System |
|________|______|______|________|__________|_____|_____|______________|
| | | | | | | | |
|________|______|______|________|__________|_____|_____|______________|
| |643.21|645.35| 2.14 | 1.65 | 641 |1.49 | Villa Vein | |BDD-N-12|
| | | | | |(Hangingwall) |
|________|______|______|________|__________|_____|_____|______________|
|BDD-N-12|672.39|675.16| 2.77 | 2.13 |2,040|15.40| Villa Vein |
|________|______|______|________|__________|_____|_____|______________|
| |684.66|688.88| 4.22 | 3.25 | 120 |0.80 | Villa Vein | |BDD-N-12|
| | | | | | (Footwall) |
|________|______|______|________|__________|_____|_____|______________|
| | |
|________|____________________________________________________________|
|BDD-N-13| Hole lost before reaching mineralization |
|________|____________________________________________________________|
| | | | | | | | |
|________|______|______|________|__________|_____|_____|______________|
| |799.14|799.45| 0.31 | 0.24 | 99 |0.30 | Villa Vein | |BDD-N-14|
| | | | | | (Footwall) |
|________|______|______|________|__________|_____|_____|______________|
Assays and Quality Assurance/Quality Control Commercially obtained
standards were inserted between every tenth core sample as were
blanks obtained from barren rock in nearby road material quarries.
Chemex laboratory also inserted a blank and a standard every 20
samples. Rejects and pulps from the high grade intersection in hole
BDD-N-10 were both re-assayed at ActLabs and the average of these
two assays and the original Chemex assay are included in the
results as previously reported and within the press release.
Qualified Person The drilling results contained in this news
release has been reviewed and approved by an independent consultant
to the Company, David St. Clair Dunn, P.Geo., a Qualified Person as
defined under National Instrument 43-101 (NI 43-101). Mr. Dunn has
been a prospector and geologist for more than 40 years, which
includes work on numerous epithermal and mesothermal gold and
silver vein deposits. 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 approximately 35
kilometres southeast of the world-class Guanajuato epithermal
silver-gold vein district in Mexico. The Company has four
additional properties also located in the Mexican Silver Belt which
have yet to be drilled. 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. SOURCE Plata Latina
Minerals PDF available at:
http://stream1.newswire.ca/media/2012/06/05/20120605_C5608_DOC_EN_14590.pdf
Plata Latina Minerals CONTACT: Letitia Cornacchia, Vice President,
Investor Relations andCorporateCommunicationsTelephone: +1 416 860
6310Email: lcornacchia@plminerals.com
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