Bit of wood? In this latitude? (4)

I believe the answer is:

slat

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'bit of wood?' is the definition.
'slat' can be an answer for 'wood?' (thesaurus). I'm not sure about the 'bit of' bit.

'in this latitude?' is the wordplay.
'in' indicates a hidden word.
'SLAT' is hidden in the letters of 'this latitude'.

Can you help me to learn more?

(Other definitions for slat that I've seen before include "Part of a Venetian blind" , "Thin strip" .)

I've seen this clue in The Daily Express.

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