CEOCFO-Members Login


The Most Powerful Name In Corporate News and Information

Energy  |  Resources  |  Capital Goods |  Healthcare |  Financial  |  Technology  |  Communications |  Business Services


With a Gold Project that has Multi-Million Ounce Potential and a Pilot Gold Plant in Operation – All Located in Mining Friendly Paraguay, Latin American Minerals Inc. has a Great Opportunity for Future Growth

Jr. Oil & Gas CEI

Jr. Oil & Gas GNF

Jr. Oil & Gas BEY

Jr. Oil & Gas XPL

Jr. Oil & Gas ATH

Oil Sands ATH

Light Sweet Crude XPL

Solar Energy CSKH

Renewable Energy CSKH

Wood Pellet VRD

Biofuels VRD

Wind Energy JUHL

Wind Energy SENY

Clean Technology SENY

Clean Technology SYMX

Jr. Gold GNMT

Jr. Gold MII

Jr. Gold CCD

Jr. Gold AA

Jr. Gold WCX

Jr. Gold ICX

Jr. Gold RCZ

Jr. Gold EXA

Jr. Gold FDN

Jr. Gold MAO

Jr. Gold EVG

Jr. Gold RYMM

Jr. Gold LAT

Niobium QRE

Base Metals ORT

Precious Metals LMR

Precious Metals SOP

Precious Metals Extraction RYMM

Lithium LMR

Lithium PL

Silver ELS

Jr. Exploration YLL

Jr. Exploration BKI

Paraguay Exploration LAT

Drug Development Concert

Drug Development CNDO

Drug Development NWBO

Drug Development WNDM

Drug Development APRI

Drug Development BPAX

Drug Development VICL

Drug Development LLTP

Drug Development BPTH

Radiation Therapy ISR

Medical Device COO

Medical Device CTTC

Medical Device ISR

Medical Device ABAX

Medical Device CSDT

Health & Wellness LQD

Health & Wellness WELL

Women's Health BPAX

Cancer Detection CSDT

Business Banks BKSC

Business Bank HBOS

Business Banks AMBZ

Insurance ALTE

Insurance SYA


Insurance MIG

Multifamily Lender WD

Commercial Banks ECBE

Commercial Banks AUNB

Commercial Banks EMPK

Business Development WELL

Services GFIG




Energy Conservation AURT

Safety Management Solutions MTPR

Security & Protection GRDH

Digital Media Distribution System YOO

Technology ATCH

Technology SITO

Technology CPSH

Technology ESP

Technology SPA

Technology ANDR

Advanced Power DPW

Semiconducto LGL

Building Materials IBTGF

Fire Resistant Materials IBTGF

Business Services INV

Business Services PMFI

Business Services AUXO

Business Services VSST

Business Services NSSI

Business Services GMT

Business Services ITEX

Business Services QIS

Retail BILB



Company Profile:

Latin American Minerals Inc. is a well-financed mineral exploration company focused on the acquisition and development of mineral projects in highly prospective countries of South America. In addition to the Paso Yobai Gold Project, the Company's Itapoty Diamond Project and Chiriguelo REE/Niobium Project are also located in Paraguay.

Miles Rideout, B.Sc. (Geophysics)

President, CEO & Director
Mr. Rideout has practiced mineral exploration continuously in Canada and abroad since graduation in 1987. This includes 21 years of experience within South America encompassing 600 exploration, mining and engineering projects. In addition to this technical background, Mr. Rideout played a key role in the corporate development and management of Quantec Geoscience Limited in Argentina, Bolivia, Brazil, Chile and Peru.

Interview conducted by:
Lynn Fosse, Senior Editor
CEOCFO Magazine
Published – May 14, 2012


CEOCFO: Mr. Rideout, it has been about year since we have spoken, what has happened at Latin American Minerals over the last year?

Mr. Rideout: The most significant advances with Latin American Minerals have been that we have taken our pilot plant construction through to completion. Our pilot plant began operation in February of this year (2012) at the Paso Yobai Gold Project. To recap, the objective of the pilot plant is to strip mineral from surface down 20 meters depth, fully exposing new gold veins and ore shoots along the more than 4-kilometer long gold trend. We will then be able to bulk sample and assay these exposed ore shoots. This will help us develop the resource for the entire trend. The other point about this type of pilot operation is that it is self-funding and is expected to produce enough funds to assist with future drilling on the projects.

CEOCFO: Would you tell us about the Latin American Minerals projects and where they are located?

Mr. Rideout: Over the last five years the company has focused on Paraguay in South America. Paraguay does not have a significant mining history, which is surprising since there is a great deal of mineral wealth. Our flagship property, the Paso Yobai Gold Project, is located 150 kilometers east of Paraguay’s capital city Asuncion. There are roads and towns in this farming area, so access is easy. Paso Yobai features two geological trends, which are characterized by soil anomalies and visible gold at surface. These shallow gold occurrences are related to vein-type gold mineralization extending to depth. Exploration is ongoing, we have many drill targets and other types of gold mineralization may still exist. In order to most effectively develop the more advanced Discovery Trend vein system at Paso Yobai, we have constructed a pilot plant extraction and processing operation, which we have named the ‘Independencia Mine’. This is the first formal gold mine in Paraguay’s history.


Also in Paraguay, we have our Itapoty Diamond Project, which we optioned last year to Olivut Resources Ltd., a Canadian diamond exploration company. Olivut can earn in 50% interest in the project by funding exploration over the next 24 months. We are also developing a portfolio of niobium and rare earth elements projects in the northern part of Paraguay, with a view to taking these to an IPO stage or a joint venture project. Niobium is a commercially interesting element, which is extracted in only three mines in the world. The environment of Brazil and Paraguay is the optimum for finding the largest and most prospective niobium deposits.

CEOCFO: Has it been a deliberate plan to diversify with diamonds and niobium or has it been more opportunistic?

Mr. Rideout: We have been opportunistic in this regard: we entered Paraguay specifically to acquire a tremendous gold discovery and very quickly found other mineral opportunities. We are leveraging our in-country investment and our pre-eminent local exploration team by following up a variety of regional mineral opportunities. We are not alone in this regional interest. Another company has published the discovery of a world-class titanium deposit in Paraguay.

CEOCFO: What is the government like in Paraguay?

Mr. Rideout: Although they have had military dictatorships in their history, they have now had a democracy for a couple of decades, and the sitting government is democratic and progressive. Paraguay is relatively deregulated and invites foreign investment, which has produced the fastest growing economy in South America. It is really a very favorable country for investing, building a business, producing, exporting and repatriating proceeds.

CEOCFO: Why has Paraguay remained under the radar screen and how did Latin American Minerals realize it was a good opportunity?

Mr. Rideout: In the historic record, there has been very limited exploration in Paraguay, which is surprising considering the country’s ample mineral potential. Paraguay has geology that is very different from much of the primary mining countries in South America. Its geology is more akin to what we might see in southwest Africa, featuring gold and diamonds in formations related to rifting of the Atlantic Ocean. Most South American mining companies have focused in the mountainous parts of South America, where mineralization is related to the subduction zones of the Pacific coast.


Latin American Minerals has a very experienced and diverse exploration and management team. All of us have been active in South America doing exploration, looking for new opportunities in virtually every country in South America. When we were actually focusing in Argentina, we came across news of a landmark gold discovery in Paraguay, which immediately attracted our attention. We took two options on that gold discovery, forming the core property of our Paso Yobai Gold Project. Our Itapoty Diamond Project spun off from the partners we acquired on the gold project. Latin is definitely an early mover in this emerging mining market.

CEOCFO: Going from exploration to production often requires different people and a different skill set; is your team up and running and have you put the pieces together for the new phase at Latin American Minerals?

Mr. Rideout: We have made some significant changes. Probably the most visible is taking on a new CFO with a much more Latin American focus; Julio Martinez is a Canadian resident, but is Uruguayan. He has been active in a mine start-up in Chile in addition to his work experience in Canada and Uruguay. He well fits our requirements for a CFO now that we are building an entirely new side to our business. At the local level, we prefer to hire Paraguayans for our Paraguayan projects, but a lot of the technical expertise we require cannot be found in Paraguay. In these cases, we have selected the most qualified bilingual mining and production professionals to help us set up and to guide us through these first phases of pilot production.

CEOCFO: What are the upcoming milestones for Latin American Minerals over the next year as you ramp-up?

Mr. Rideout: One of the key milestones will be the review of our initial production. By this pilot production and bulk sampling, we will be proving recovery rates for our ore, the head grade for the ore, and exposing new mineral zones for sampling. The export and sale of our doré will be the first gold production in the history of Paraguay, a tremendously significant event.

We continue with our exploration over the greater part of our Paso Yobai Gold Project, where we will test several new gold targets this year. We recently found a new gold mineralization style at the Tacurú target, which is not unexpected since this is still an early stage exploration program. We are going back to complete drilling out that target. We may yet find additional mineral styles at the other gold targets, and are particularly hopeful to find a bulk-tonnage deposit within this large gold system. Each drill program provides additional information to improve our understanding of this unexplored gold region and to identify new mineral potential.

CEOCFO: When you say new gold mineralization styles; what do you mean by that?

Mr. Rideout: The original Discovery Trend features epithermal-style gold veins, though the gold mineralization is primarily a replacement style mineralization. The deposit is located in flat-bedded sandstones. The ground has been fractured along faults and a subsequent event was an upwelling of diabase dyke material, a dark intrusive rock. This formed inclined sheets and lenses of reactive material, which represented a favorable host for subsequent gold mineralization introduced by hydrothermal solutions moving upwards in the same faults.

The new deposit style we encountered at Tacurú is extensive high-grade gold mineralization hosted in the sandstones themselves. This signifies that we do not necessarily need to restrict ourselves to diabase intrusive as prospective host for gold mineralization. Another conceptual model we expect to encounter is breccia-style mineralization, which might signify a bulk-tonnage gold deposit.

CEOCFO: What is the financial picture like for the company?

Mr. Rideout: At the end of April, we had about $3.5 million in the bank. Our projection for this year as we ramp up our pilot plant and start to sell gold is that we should close the year with about $2 million in the bank, after overhead and exploration expenses, and after gold sales.

CEOCFO: Has the investment community started to pay attention?

Mr. Rideout: The impression I have is that we are still unknown and significantly undervalued. When you consider that the gold project has multi-million ounce potential, that we have a pilot gold plant in operation, and that we are in one of the best possible countries in terms of investment regulation, I do not think that the investment market recognizes the of opportunity that Latin American Minerals has in Paraguay. Then when you consider that we have a diverse portfolio of other mineral projects, including diamonds, rare earths and niobium, as well as zinc and copper in Argentina, I think there is a tremendous upside, which is not yet recognized in the market.

CEOCFO: Do you do much investor outreach?

Mr. Rideout: We are a fairly small company, based in Toronto. We have an investor relations firm, we organize meetings with local brokers and we do a number of investor shows during the year. This year, in concert with the pilot plant coming online, we intend to do a much more promotion in Canada, the United States and in Europe.

CEOCFO: Why should potential investors pick Latin American Minerals out of the crowd?

Mr. Rideout: If you are looking for a leading gold exploration opportunity with good mill grades, good size, and you would want the properties located in an optimum business environment and you desire a competent, experienced exploration team to lead that development; in Latin American Minerals, you have all these points in your favor.


Any reproduction or further distribution of this article without the express written consent of CEOCFOinterviews.com is prohibited.


Mineral Exploration

Latin American Minerals Inc.
357 Bay St., Suite 602
Toronto BC Canada M5H 2T7
Phone: 416-363-0841

LAT12-Print Version

Junior Gold Stock, Latin American Minerals Incorporated (LAT-TSXV), CEO Interviews 2012, Canadian Resource Companies, Gold and Diamond Exploration in Paraguay, Emerging Minerals District, Canadian Stock, Recent CEO Interviews, precious metals projects in South America, Paso Yobai Gold Project, Chiriguelo Rare Earth Elements Project, Itapoty Diamond Project in Paraguay, Resources Stock, Base and Precious Metals Exploration, Jr. Gold Stock, Resources Stock, Latin American Minerals Incorporated Stock, LAT stock quote, Latin American Minerals Press Releases, News,
More headlines.....

Lomiko’s (TSX: LMR, OTC: LMRMF) Vines Lake Property is Located in a Mineralized Belt only Recently Being Explored with a Large Chinese Mining Company for a Neighbour

In an Underexplored Area of the Historic Las Minas Mining District of Mexico, Source Exploration Corp. is Well Positioned for Future Growth

Cenit Corporation is a well-positioned copper exploration company with two key projects – the Coppercorp Project in Ontario and the Rivière Doré Project in Quebec. Although both projects are early stage copper exploration projects; the Coppercorp Project is in a past-producing copper mine area that has had minimal follow-up exploration activity and the Rivière Doré Project is in an area where there are indications of an ultramafic intrusive complex environment hosting copper, nickel and PGE’s.

Canadian Resource Company Latin American Minerals Inc. is Leading Gold and Diamond Exploration in Paraguay, an Emerging Minerals District

With an Experienced Exploration Team Softrock Minerals Ltd. is Focused on Potash, Lithium, Diamonds as well as Oil and Gas in Western Canada

Going from 30,000 Ounces of Gold in 2010 to 1.8 Million Ounces in 2011, with a Projection of 3 Million by Year’s End, Mega Precious Metals Inc. is Aggressively Growing Value at their North Madsen, Headway and Monument Bay Projects

With their Property in Sonoma State Mexico, Where Safety is Not an Issue and $1.6 Million in the Bank with No Debt, El Tigre Silver Corp. is Well Position to Advance their Project Where they have Already Completed a 2,300 Meter Drill Program and they Are Looking to Start Another

As a Well Financed Company, with a Proper Share Structure, Institutional Shareholders, Investment Banking Backing and Exceptional Management, CuOro Resources Corporation is Well Positioned to Explore and Develop their Copper-Gold Projects in Mining Friendly Colombia

Become A Member!

Access thousands of full-text Public Company CEO & CFO Interviews!

You Get - the future plans for your stock investment - Financing, Growth Strategy, Company Contact Information and more!

Stay ahead of the pack!

Become a CEOCFO Member
Now! Only


When you consider that the gold project has multi-million ounce potential, that we have a pilot gold plant in operation, and that we are in one of the best possible countries in terms of investment regulation, I do not think that the investment market recognizes the of opportunity that Latin American Minerals has in Paraguay. - Miles Rideout, B.Sc. (Geophysics)

ceocfointerviews.com does not purchase or make
recommendation on stocks based on the interviews published.


Jr. Oil & Gas DBRM, Jr. Oil & Gas BEY, Jr. Oil & Gas MGWSF, Jr. Oil & Gas ATI, Jr. Oil & Gas FNR, Jr. Oil & Gas WPP, Jr. Oil & Gas XPL, Jr. Oil & Gas ATH, Oil Sands ATH, Light Sweet Crude XPL, Solar Energy CSKH, Renewable Energy CSKH, Wood Pellet VRD, Biofuels VRD, Wind Energy SENY, Clean Energy AEHI, Clean Technology SENY, Clean Technology SYMX, Hydrogen Generators DYA, Energy Tech DYA, Uranium ABE, Jr. Gold CCD, Jr. Gold AA, Jr. Gold WCX, Jr. Gold AEX, Jr. Gold ICX, Jr. Gold RCZ, Jr. Gold EXA, Jr. Gold FDN, Jr. Gold MAO, Jr. Gold EVG, Jr. Gold RYMM, Jr. Gold LAT, Paraguay Exploration LAT, Zinc SRZ, Precious Metals Extraction RYMM, Rare Earth ORE, Lithium LMR, Precious Metals AEX, Medical Device COO, Medical Device SFES, Medical Device CSDT, Drug Development APRI, Drug Development BPAX, Drug Development CTIX, Drug Development VICL, Drug Development ANX, Drug Development NBS, Drug Development LLTP, Drug Development BPTH, Vaccine Development VICL, Women's Health BPAX, Health & Wellness BTX, Health & Wellness WELL, Cancer Detection CSDT, Cancer Research CTIX, Cancer Research ANX, Regenerative Medicine PROT, Adult Stem Cell Research & Storage NBS, Stem Cell PROT, Obesity Surgery SFES, GERD Surgery SFES, Autism Research CTIX, Insurance MIG, Business Development WELL, Business Banks AMBZ, Commercial Banks ECBE, Specialty Finance FSC, Specialty Finance GFIG, Specialty Finance FNR, Brokerage Services GFIG, REIT TWO, REIT BDN, Technology SPA, Technology ANDR, Advanced Power DPW, Semiconducto LGL, Building Materials IBTGF, Fire Resistant Materials IBTGF, Business Services PRGX, Business Services CSPI, Business Services RKN, Business Services PMFI, Business Services AUXO, Business Services VSST, Business Services NSSI, Business Services GMT, Business Services ITEX, Business Services QIS