Paraguay-focused Latin American Minerals Inc (CVE:LAT) says it continues to look for a partner for its Paso Yobai gold project as it posted results from the final drill holes there from this year's exploration programme.
The work consisted of 24 holes for 5,400 metres at the Tacuru, Tacuru North and Moroti targets and today's assays come from the final three holes.
"Despite challenging markets, we believe we have found the top of a potential feeder structure for the two-kilometre-by-one-kilometre Tacuru gold anomaly," said Mathew Wilson, president and chief executive at Latin American.
"We continue to work to find a partner on this asset while continuing to conserve as much cash as possible during this time in an effort to maximise shareholder value."
The Tacuru target was first drilled in 2012 and previously hit gold, including 107.7 g/t (grams per ton) gold over 3m (metres) at 80m depth.
The firm has interpreted results to date as hitting the upper portion of the system, with a more prospective high-grade gold part potentially below.
Assays from the final three holes released today include 3.3 metres (m) at 0.32 g/t (grams per ton) gold and an intersection of 1.6m at 0.99 g/t of the yellow metal.
Latin American holds its core gold projects in Paraguay and has identified exploration targets at Independencia mine, and six new gold zones on the company's adjacent exploration claims, for drill testing.
The current drill programme is testing ten priority targets with a primary focus on the Tacuru zone.
Shares were unchanged at C$0.03.
