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| | |   Santa Dominga is the southernmost of five iron ore/copper-gold properties held by Latitude and located on the coastal belt of Chile, north of Santiago . The project lies approximately 60 kilometres north of La Serena, in a metallogenic belt containing several other producing mines, including the world class Candelaria IOCG mine, operated by Phelps Dodge. The key areas at Santa Dominga are 100% controlled by Latitude, with exploration and exploitation concessions covering a total area of 2,130 hectares. The area has a long history of copper-gold mining and the Santa Dominga property hosts a historic non-operational underground mine, which had previously been a significant local gold-copper producer. Earlier exploration drilling by Latitude indicated the presence of a classic Iron Oxide Copper-Gold ('IOCG') system and supported the potential for more extensive mineralisation. A large new geophysical anomaly was discovered in 2005, representing a prime target for further work. Subsequent drilling in 2006, as reported in press releases of May 23 and July 18, 2006 , intercepted a new , higher grade mineralized area which has been the target for a more extensive , recent drill program. Highlights from the two drill programs carried out during 2006 are shown below: Hole SD-13 ( reported May 23, 2006) 62 m @ 1.58% Cu, 0.37 g/t Au from 110m to 172m Hole SD-17 ( reported July 18, 2006) 74 m @ 1.60 % Cu, 0.37 g/t Au from 138 m to 212 m, including 42 m @ 2.41 % Cu, 0.57 g/t Au from 138 m to 180 m Hole SD-18 ( reported July 18, 2006) 76 m @ 1.61 % Cu, 0.33 g/t Au from 100 m to 176 m, including 62 m @ 1.86 % Cu, 0.38 g/t Au from 108 m to 170 m Hole SD-18 intercepted additional mineralisation down hole, returning 2 m @ 1.22 % Cu, 0.12 g/t Au and from 214 m to 216 m and 8 m @ 0.98% Cu, 0.17 g/t Au and from 224 m to 232 m Mineralisation The high grade copper sulphide mineralization occurs as chalcopyrite with pyrite and pyrrhotite and is hosted in meta-sedimentary and iron banded sequences. It is noteworthy that several drill holes report significant iron (Fe) assays due to a very high magnetite content; those drill holes that intercept iron-rich areas show values ranging from 30% to almost 50% Fe. An independent review (by a Chilean consultancy group) commissioned by Latitude, suggests these iron grades could significantly enhance the commercial value of the deposit. Summary These recent drill results confirm the presence of a high-grade copper body, with gold and substantial iron content, in Latitude's Santa Dominga property. The technical team, based in Santiago, Chile, will continue to work on detailed interpretation of the geological and assay data in order to better constrain the mineralisation model, prior to the next phase of field activity. Details of this new, high grade copper discovery can be reviewed in the News Release section of our website. The Santa Dominga project will be one of the main areas of focus for Latitude's in-country exploration team during 2007.
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