Lavras Gold provides exploration update for LDS Project
11 Octobre 2023 - 1:15PM
Lavras Gold Corp. (TSXV: LGC, OTCQB: LGCFF) has extended its
16,000-metre drill program to 20,000 metres, and with two drills
turning at site, is actively following up on the Fazenda do Posto
discovery at its LDS Project in southern Brazil.
“With the closing of our recent financing, Lavras
Gold is well-funded to follow up on its recent discovery at Fazenda
do Posto and work to increase the footprint of the Butiá Gold
Deposit along the western portion of the property,” said Michael
Durose, President and CEO of Lavras Gold. “We are also continuing
with our regional exploration initiatives, including soil sampling,
aimed at defining new exploration targets for future drilling.”
The Company expects to focus its drilling over the
foreseeable future at Fazenda do Posto and the Butiá Gold Deposit,
where the goal is to define the geometry and gold grade
distribution of these areas and ultimately grow its overall gold
inventory.
Two drills are currently turning, one at Fazenda do
Posto and one at Butiá. Once the drill core has been logged and
assay results have been obtained and interpreted, the results will
be disclosed. The typical turnaround time is approximately six to
eight weeks.
“This is an exciting time for our Company,” added
Durose. “We are entering the spring and summer dry season in
southern Brazil and expect the field exploration program to ramp up
as conditions improve. We have a lot of work ahead of us that will
generate significant future news flow.”
About Lavras Gold
Lavras Gold Corp. (TSXV: LGC, OTCQB: LGCFF) is a
Canadian exploration company focused on realizing the potential of
a multi-million-ounce gold district in southern Brazil. Its Lavras
do Sul Project is located in Rio Grande do Sul State, and is
primarily an intrusive hosted gold system of possible alkaline
affinity. More than 23 gold prospects centred on historic gold
workings have been identified on the property, which spans more
than 22,000 hectares. Follow Lavras Gold on www.lavrasgold.com, as
well as on LinkedIn, Twitter, and YouTube.
Contact informationMichael Durose, President and
CEO | Annemarie Brissenden, Investor
Relationsinvestor@lavrasgold.com |+1-416-844-6284
DISCLAIMER AND FORWARD-LOOKING
INFORMATIONNeither the TSX Venture Exchange nor its Regulation
Services Provider (as defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
the content of this news release.
This news release contains certain “forward-looking
information” within the meaning of applicable securities laws.
Forward-looking information is frequently characterized by words
such as “plan”, “expect”, “project”, “intend”, “believe”,
“anticipate”, “estimate”, “may”, “will”, “would”, “potential”,
“proposed” and other similar words, or statements that certain
events or conditions “may” or “will” occur. These statements,
including those on planned exploration activities and goals, are
only objectives and predictions. Forward-looking information is
based on the opinions and estimates of management at the date the
information is provided, and is subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking information, including the risks and factors that
generally affect exploration and the uncertainty of exploration
results. For a description of the risks and uncertainties facing
the Company and its business, refer to the Company’s Management’s
Discussion and Analysis recently filed under the Company’s profile
on www.sedar.com. The Company undertakes no obligation to update
forward-looking information if circumstances or management’s
estimates or opinions should change, unless required by law. The
reader is cautioned not to place undue reliance on forward-looking
information.
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