$LRS Twitter, page-52

This article is a good summary of Lrs, just off the press so to speak. A Good read

. What’s Hot LRS – Latin Resources Limited today closed up 36% to finish at 1.5c on $4.1m stock traded. The reason they were up today was because they announced that they have agreed terms for a placement of 59m shares at an issue price of $0.011 to raise $652k, $17k short of my favourite number.The shares issued were handed to sophisticated and professional investors aka anyone with a certificate from an accountant that’s slightly rich and it was carried out at market price which is usually very rare. The funds raised from the Placement will be used to fund exploration work on Latin’s Yarara gold project in NSW which was acquired (75%) back in June, project development, maintain the Company’s South American mineral properties and for working capital.Some details on the Yarara project which is what I think is getting investors excited are listed below:HIGHLIGHTSLATIN RESOURCES RAISES FUNDS TO ADVANCE YARARA GOLD PROJECTThe Yarara Gold Project is located 70 km east of Albury (a major regional centre) in NSW, within the highly prospective Lachlan Fold BeltLatin Resources has executed a binding farm-in terms sheet to earn up to a 75% interest in the Yarara Gold ProjectThe project covers 50 km of strike of the Yarara Shear Zone which contains 20 dormant historic high-grade gold mines and numerous gold workingsNumerous metallic mineral occurrences have been recorded on the tenement blockThe Lachlan Fold Belt is a well-established mineral province hosting several world class mining operations such as Cadia, North Parkes, Tomingley, Cowal and Peak Hill gold minesThe project is prospective for the following styles of mineral deposit:high-grade epithermal gold deposits in shear zones in the metasedimentary rocks; o intrusive related gold deposits;bulk-tonnage gold deposits in granites; andskarn deposits (gold, base metals).Latin Resources Limited is very pleased to announce that it has signed a binding farm-in terms sheet (“Terms Sheet”) with Mining and Energy Group Pty Ltd (“MEG”) to earn up to a 75% interest in a gold project (“Yarara”), situated within the highly prospective Lachlan Fold gold belt of NSW. In addition to gold, the Yarara project is also, to a lesser extent, prospective for copper.This new strategic shift into the gold sector comes after LRS has recently announced a joint venture with Integra Capital in respect of Latin Resources’ lithium project in Argentina and supplements Latin Resources’ existing joint venture with global copper major First Quantum Minerals, which sees First Quantum sole funding exploration costs on its copper porphyry project in Peru.The complete funding of its operations in South America by its partners now allows LRS to enter this exciting new chapter focused on gold exploration closer to home in the Lachlan Fold Belt of NSW.The Lachlan Fold Belt hosts many significant mineral projects including Junee, Boda, Woodlawn, Cadia Ridgeway, McPhillamys, Hill End, Copper Hill, Cowal, Commonwealth, Tomingley and North Parkes, and is currently experiencing significant renewed interest following a number of exploration successes over the past several months.There are three principle areas of interest to the Company within the Yarara Project: – Yarara Reefs (North): The Yarara area hosts structurally located gold mineralisation in sediments. A major shear zone provides the main focus for mineralisation.– Carboona (Centre): At Carboona, known mineralisation includes a wide variety of metals, including lead, tin, tungsten, gold and silver which are spatially related to granite contact or to a major shear zone; andOurnie (South): – The Ournie goldfield contains historical workings for gold and silver hosted in granite.Latin’s Managing Director Chris Gale described the Farm-In joint venture opportunity as outstanding entry into one of Australia’s premier gold jurisdictions to create strong shareholder value.“The Yarara Project presents an excellent opportunity to secure a significant and highly prospective gold project which has not benefited from modern exploration techniques in an emerging area of the Lachlan Fold Belt which has an established reputation as a world-class mineral province