Company Announcement14th February 2007Significant silver values...

Company Announcement
14th February 2007


Significant silver values confirmed at Paron Project - Peru

• Silver assays from recent drilling programme confirm wide zones of co-incident gold – silver mineralisation

• Results include 29 metres @ 15.1 g/t Ag from 18 metres (PA- 01), 15 metres @ 12.4g/t Ag from 6 metres (PA-08), 31 metres @ 5.0 g/t Ag from surface (PA-9), 9 metres @ 18.6 g/t Ag from surface (PA-14), 10 metres @ 20.3 g/t Ag from surface (PA-17), 20 metres @ 19.6 g/t from 11 metres (Pa-18) and 28 metres @ 15.0 g/t Ag from 50 metres (PA-23).

Overview

The silver (Ag) assay results from the recent drilling programme at Paron have now been received and confirm widespread mineralization co-incident with the gold intercepts reported in previous releases.

Samples were analysed covering 1 metre sections and all results above a 2 g/t cut-off are reported in the attached table.

These results have been incorporated into the Paron data base and demonstrate that silver will be an important by-product of any mining operation over the resource.

The current JORC Inferred gold resource of the Paron Project has previously been reported as 3,040,000 tonnes @ 2.2g/t gold, equivalent to a contained 220,000 ounces of gold. The average grade of silver under this resource has now been determined as 7.4 g/t, equivalent to an in situ silver resource of 733,000 ounces.


Further information contact:

Jim Malone
Managing Director
Latin Gold Limited
+61 8 9481-3000 (Office Perth)
+61 (0) 419 537 714 (Cell)