The estimation for entire Guadalupito project accounted to 393Mt @ 4.5% HM as reported on 7 August 2012 excluding Heldmaier and Tres Chosas JORC.
The company has also reported high grade results from 4 regional exploration holes drilled along 7kms of strike extension north of the Los Conchales deposit in line with Target estimation.
Latin Resources Managing Director Chris Gale said that with these results they are looking forward to release their next JORC compliant inferred resource in Q1 2013 for Los Conchales, expecting an increase in company’s inferred resource base.
The miner’s first conceptual exploration target released in March 2011 was 1bn tonnes, which doubled by May 2011 based on evidence from Latin’s first drill holes.
