|Latin American Minerals Inc.
TSX VENTURE : LAT
February 25, 2016 16:31 ET
TORONTO, ONTARIO–(Marketwired – Feb. 25, 2016) – Latin American Minerals Inc. (TSX VENTURE:LAT) (the “Company” or “LAT“) today announced the appointment of Basil Botha as Chairman and CEO of the Company. Mr. Botha was initially appointed to the board in September 2015.
Mr. Botha brings more than 35 years international mining, marketing and executive experience to Latin American Minerals. Early in his mining career he was involved with Otavi Mining Ltd and was the founder and Managing Director of Reef Coal Mining Ltd. (South Africa), which produced over 3 million tonnes of coal per year. He has extensive knowledge of mining and exploration for a variety of minerals including gold, and has specialized in start-up mining operations, mergers, acquisitions and corporate finance.
Mr. Botha has held a number of executive appointments with companies including President & CEO of Northern Iron Corp, President and CEO of G4G Resources, President & CEO of Pitchblack Resources (formerly Cash Minerals Ltd.) and Chairman of Lithium Americas Inc.
Mr. Botha said; “I am delighted to have the opportunity to work with the team at Latin American Minerals to develop this fully permitted, gold producing mine into a world class mining district. While we continue to upgrade and improve our processes at Paso Yobai, in mining friendly Paraguay, we will also search for a strategic partner to help us develop this large and highly prospective property.”
About the Company
Latin American Minerals Inc. is a mineral exploration and gold mining company with its core gold and diamond projects in Paraguay. The Company is currently expanding its Independencia Mine gold processing plant to encompass vat-leach gold recovery from mineralization extracted in open pit mining activities at its fully permitted mining concession.
Management has identified six gold zones for drill testing on the Company’s adjacent exploration claims, which are part of the Company’s 15,020 hectare Paso Yobai gold project.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.