Latin American Minerals up on Argentinian projects

Three newly discovered massive sulphide horizons can get a junior exploration companys share price moving in the right direction.

That was just the case on Oct.9 for Latin American Minerals (LAT-V) as it watched its shares shoot up almost 40% or 12 to 44 on 340,000 shares traded.

Vancouver-based Latin American said the new horizons and mineralized breccia zones were found on its Tendal Zinc-Copper-Lead-Silver Project in La Rioja, Argentina.

The company also announced it has acquired five historic mines that cover artisan workings.

Teck Cominco (TCK.A, TCK.B-T, TCK-N) has exploration concessions and historic mines in the area. It owns five historic mines within Latin American Minerals exploration concessions a fact that was trumpeted by Latin Americans president and chief executive David Wahl in the companys press release.

“We are pleased that our early encouraging results have caught the attention of Teck Cominco, the world’s largest zinc producer and we interpret their recent acquisitions as recognition of the potential of Tendal,” Wahl said in the statement.