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Latin Resources' Share Price Surges 50% On Investor Interest

Latin Resources (ASX: LRS) has told the ASX that it is not aware of any information that it has announced that could be responsible for the rise in share price to an intra-day high of $0.06 today on higher volumes.

The price and volume query had come in response to the 50% rise in its share price from a close of $0.04 on 25 March 2014.

Latin and its partner Compañia Minera Zahena SAC (CMZ) had at the beginning of this month started drilling the first two holes at their Ilo Norte copper-gold project in Peru.

These holes are being drilled as part of CMZ's US$5.35 million exploration commitment to earn 70% in the project with Latin free-carried through the program.

First results are expected this month.

It had late last year received surface rights over 11,521 hectares of land over key mining concessions of the Guadalupito iron and mineral sands project in northern Peru and also acquired the Borborema Iron Ore Project in Brazil.

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