Mining Dictionary Tool, LAT.v finds Diamonds, RAY.v permits

In mineral explorations - there are often so many terms and vocabularies required that investors get confused half way through a news release.

I found an useful tool that will help many people decipher news releases from your favorite mining picks.

http://xmlwords.infomine.com/xmlwords.htm

In other news, mineral explorations is alot like life and chocolates. To quote Forrest Gump

"Life was like a box of chocolates. You never know what you're gonna get."

A joint venture partner with TNR, Latin America Minerals, had an intersting diamond discovery recently. The property was an original gold property - but as with geology - interesting things happen during the earth's formation - and even with all the research done so far - nothing can replace actual drill results.

TORONTO, ONTARIO--(Marketwire - July 16, 2008) - Latin American Minerals Inc. (TSX VENTURE:LAT - News) reports the discovery of 10 diamonds, ranging in size from 0.002 to 0.04 carats on its Capiibary Diamond Exploration Property in north-eastern Paraguay. Photographs of the recovered diamonds are attached to this press release. Additional photographs are posted on the Latin American Minerals website at www.latinamericanminerals.com.

Diamonds were initially found in the Capiibary region by local prospectors panning for gold in the 1960s. Some years later, De Beers collected 4 stream samples from the region, of which one contained 6 diamonds and all contained kimberlite indicator minerals ("KIMs"). Recently, Latin American collected 16 samples at various locations in the region of the initial discovery; four samples contained diamonds and 14 contained KIMs which include chrome spinels and garnets. The diamonds are champagne to brilliant white, slightly abraded and several exhibit exceptional crystal structures suggesting minimal alluvial transport. Microprobe work has been completed on the chrome spinels and they were found to fall within the kimberlite stability field. Microprobe work on the garnets is being scheduled.

That reminds me of another serendipidous discovery - GoldSource GXS with their Coal Play in Saskatchewan when everyone else is rushing to Potash and applying for permits and waiting for the boost in stock price when permits are granted like RAYTEC.