Big Board Alerts

December 1, 2023
Lavras Gold (TSXV:LGC) Confirms and Expands Gold Discovery with 204 metres Grading 1.0 g/t Gold Starting at Depth of 31 Metres at Fazenda do Posto, Eyes Future Development

Lavras Gold (TSXV:LGC) recently announced significant follow-up drilling results at their Fazenda do Posto discovery within the LDS Project in southern Brazil. This discovery, initially reported in August 2023, has now been further validated in terms of gold grades, widths, and continuity, with potential for resource expansion in several directions.

Lavras Gold President & CEO Michael Durose commented in a press release: “We are very pleased to validate the Fazenda do Posto gold discovery with this scissor hole, which cross cuts the earlier hole that returned 340 m at 1.1 g/t gold. While it is still early in the drilling program, we are delighted to have intercepted another very long and continuous zone of gold mineralization starting at a shallow depth and running for over 200 metres. This is a unique bulk tonnage near-surface gold system characterized by remarkably continuous gold mineralization within an episyenite host rock. A higher-grade core of gold mineralization is beginning to develop based on the limited drilling we have completed so far. Drilling is ongoing and we look forward to additional drill results as we begin to unravel this new gold discovery.”

The Fazenda do Posto discovery, situated about 150 meters west of the Lavras Gold Butiá Gold Deposit, shows promising proximity to the Butiá deposit, which itself holds an NI 43-101 gold resource of approximately 500,000 ounces and is open for expansion.

Drill hole 23FP006, a focal point of this announcement, was aimed at exploring the northeastern extension of Fazenda do Posto. It was positioned roughly 210 meters northeast of the initial discovery hole, 23FP002, and yielded continuous gold mineralization starting at a depth of 31 meters for a span of 230 meters. Detailed assay results have been tabulated and disclosed for this hole.

This discovery signifies a potential critical mass of gold mineralization in the area, further advancing Lavras Gold’s goal of developing a bulk tonnage open pit gold mine. Despite challenges such as record rainfalls impacting drilling site access and causing delays, the company has expedited efforts to define the new discovery’s geometry and grade distribution. To date, two drill rigs have completed over 3,000 meters of drilling across 14 holes at Fazenda do Posto.

The drilling results from Fazenda do Posto, located along the western edge of the Lavras do Sul intrusive complex and near the town of Lavras do Sul, are highly encouraging. Four drill holes totaling 1,520 meters have been completed, each yielding varied results. These include 23FP001 encountering modest gold values, 23FP002 confirming gold mineralization to a vertical depth of approximately 390 meters, and 23FP003 and 23FP004 showing significant mineralization and hydrothermal alteration respectively.

Looking ahead, Lavras Gold aims to further explore and define the Fazenda do Posto discovery and the Butiá Gold Deposit. The medium-term goal is to prepare a preliminary economic study for a potential gold mining project, supported by ongoing regional exploration within the broader 22,000-hectare LDS Project.

The overall success of the LDS exploration program has been noteworthy since Lavras Gold went public in April 2022. This includes completing a regional drone magnetic survey, ongoing soil geochemistry programs, and the reinterpretation of the Caneleira Gold Discovery. New gold mineral systems have been identified at various locations within the property, indicating a significant upside for continued exploration and development.

Highlights from the results are as follows:

Hole 23FP006 includes 65 metres at 1.9 g/t gold and including 10 metres at 3.0 g/t gold

Hole 23FP006, a scissor hole that cuts across discovery hole 23FP002, confirms the lateral continuity of gold mineralization for about 180 metres in a northeast direction and starting at a drill hole depth of 31 metres.

The vertical extent of gold mineralization at the Fazenda do Posto discovery has been traced for 330 metres.

Vertical Hole 23FP003 drilled 58 metres grading 1.0 g/t gold starting at a drillhole depth of 80 metres within a larger gold mineralized interval of 214 metres.

Three drill holes – FP002, FP003 and FP006 have returned significant gold assay results displaying continuous gold mineralization over very long intervals. The gold mineralization typically occurs within a brick-red coloured episyenite. The gold is usually associated with fine grained disseminated pyrite and/or arsenian pyrite and usually occurs with iron-rich dark green to black chlorite. Grey-white carbonate vesicles are typically associated with the gold mineralized zone. Photos showing examples of mineralized episyenite are shown in Figure 4, Figure 5 and Figure 6.

Gold mineralization has been traced over a northeast-southwest extent of about 180 metres, and a vertical distance of 330 metres. Gold mineralization starts at a vertical depth of about 26 metres in the northeast area, as defined by drill hole 23FP006, and approximately 100 metres depth as defined by drill hole 23FP002.

A higher-grade core of mineralization appears to be developing in the centre of the deposit, flanked by lower to moderate gold grades along the margins.

TABLE 1. Summary table of metre-by-metre drilling assay results from drill hole 23FP006 on Fazenda do Posto target.

Hole
Azimuth
(degrees)
Dip
(degrees)
End of hole
(metres)
From
(metres)
To
(metres)
Gold interval
(metres)
Gold grade
(g/t)
Lithology

23FP006
200
-60
299.83
31.1
32.0
0.9
0.31
Episyenite

 
 
 
 
33.0
35.0
2.0
0.14
Episyenite

 
 
 
 
35.0
37.0
2.0
0.11
Episyenite

 
 
 
 
37.0
39.0
2.0
0.35
Episyenite

 
 
 
 
39.0
41.0
2.0
0.02
Episyenite

 
 
 
 
41.0
43.0
2.0
0.01
Episyenite

 
 
 
 
43.0
45.0
2.0
0.01
Episyenite

 
 
 
 
45.0
47.0
2.0
0.02
Episyenite

 
 
 
 
47.0
48.0
1.0
0.32
Episyenite

 
 
 
 
48.0
49.0
1.0
0.55
Episyenite

 
 
 
 
49.0
50.4
1.4
0.01
Episyenite

 
 
 
 
50.4
51.7
1.3
0.01
Episyenite

 
 
 
 
51.7
53.0
1.3
0.01
Episyenite

 
 
 
 
53.0
54.0
1.0
0.01
Episyenite

 
 
 
 
54.0
55.0
1.0
0.34
Episyenite

 
 
 
 
55.0
56.0
1.0
0.74
Episyenite

 
 
 
 
56.0
57.0
1.0
0.41
Episyenite

 
 
 
 
57.0
58.0
1.0
0.50
Episyenite

 
 
 
 
58.0
59.0
1.0
0.62
Episyenite

 
 
 
 
59.0
60.0
1.0
0.65
Episyenite

 
 
 
 
60.0
61.0
1.0
0.50
Episyenite

 
 
 
 
61.0
62.0
1.0
0.35
Episyenite

 
 
 
 
62.0
63.0
1.0
0.30
Episyenite

 
 
 
 
63.0
64.0
1.0
0.43
Episyenite

 
 
 
 
64.0
65.0
1.0
0.24
Episyenite

 
 
 
 
65.0
66.0
1.0
0.57
Episyenite

 
 
 
 
66.0
67.0
1.0
0.42
Episyenite

 
 
 
 
67.0
68.0
1.0
0.16
Episyenite

 
 
 
 
68.0
69.0
1.0
0.47
Episyenite

 
 
 
 
69.0
70.0
1.0
0.41
Episyenite

 
 
 
 
70.0
71.0
1.0
0.26
Episyenite

 
 
 
 
71.0
72.0
1.0
0.40
Episyenite

 
 
 
 
72.0
73.0
1.0
0.45
Episyenite

 
 
 
 
73.0
74.0
1.0
0.27
Episyenite

 
 
 
 
74.0
75.0
1.0
0.52
Episyenite

 
 
 
 
75.0
76.0
1.0
0.44
Episyenite

 
 
 
 
76.0
77.0
1.0
0.92
Episyenite

 
 
 
 
77.0
78.0
1.0
0.70
Perthitic granite

 
 
 
 
78.0
79.0
1.0
0.42
Episyenite

 
 
 
 
79.0
80.0
1.0
0.34
Episyenite

 
 
 
 
80.0
81.0
1.0
0.50
Episyenite

 
 
 
 
81.0
82.0
1.0
0.68
Episyenite

 
 
 
 
82.0
83.0
1.0
1.04
Episyenite

 
 
 
 
83.0
84.0
1.0
0.59
Episyenite

 
 
 
 
84.0
85.0
1.0
0.87
Episyenite

 
 
 
 
85.0
86.0
1.0
0.92
Episyenite

 
 
 
 
86.0
87.0
1.0
1.62
Episyenite

 
 
 
 
87.0
88.0
1.0
1.21
Episyenite

 
 
 
 
88.0
89.0
1.0
0.71
Episyenite

 
 
 
 
89.0
90.0
1.0
0.45
Episyenite

 
 
 
 
90.0
91.0
1.0
0.89
Episyenite

 
 
 
 
91.0
92.0
1.0
0.59
Episyenite

 
 
 
 
92.0
93.0
1.0
1.37
Episyenite

 
 
 
 
93.0
94.0
1.0
1.81
Episyenite

 
 
 
 
94.0
95.0
1.0
1.33
Episyenite

 
 
 
 
95.0
96.0
1.0
0.50
Episyenite

 
 
 
 
96.0
97.0
1.0
1.72
Episyenite

 
 
 
 
97.0
98.0
1.0
0.95
Episyenie

 
 
 
 
98.0
99.0
1.0
1.12
Episyenite

 
 
 
 
99.0
100.0
1.0
1.09
Episyenite

 
 
 
 
100.0
101.0
1.0
0.94
Episyenite

 
 
 
 
101.0
102.0
1.0
0.67
Episyenite

 
 
 
 
102.0
103.0
1.0
0.92
Episyenite

 
 
 
 
103.0
104.0
1.0
0.73
Episyenite

 
 
 
 
104.0
105.0
1.0
0.83
Episyenite

 
 
 
 
105.0
106.0
1.0
1.13
Episyenite

 
 
 
 
106.0
107.0
1.0
0.82
Episyenite

 
 
 
 
107.0
108.0
1.0
0.54
Episyenite

 
 
 
 
108.0
109.0
1.0
0.49
Episyenite

 
 
 
 
109.0
110.0
1.0
1.06
Episyenite

 
 
 
 
110.0
111.0
1.0
0.73
Episyenite

 
 
 
 
111.0
112.0
1.0
1.01
Episyenite

 
 
 
 
112.0
113.0
1.0
0.91
Episyenite

 
 
 
 
113.0
114.0
1.0
0.36
Episyenite

 
 
 
 
114.0
115.0
1.0
0.29
Episyenite

 
 
 
 
115.0
116.0
1.0
0.11
Episyenite

 
 
 
 
116.0
117.0
1.0
0.17
Episyenite

 
 
 
 
117.0
118.0
1.0
0.42
Episyenite

 
 
 
 
118.0
119.0
1.0
0.70
Episyenite

 
 
 
 
119.0
120.0
1.0
0.53
Episyenite

 
 
 
 
120.0
121.0
1.0
1.41
Episyenite

 
 
 
 
121.0
122.0
1.0
0.66
Episyenite

 
 
 
 
122.0
123.0
1.0
0.50
Episyenite

 
 
 
 
123.0
124.0
1.0
0.59
Episyenite

 
 
 
 
124.0
125.0
1.0
1.38
Episyenite

 
 
 
 
125.0
126.0
1.0
0.02
Episyenite

 
 
 
 
126.0
127.0
1.0
0.89
Episyenite

 
 
 
 
127.0
128.0
1.0
0.64
Episyenite

 
 
 
 
128.0
129.0
1.0
0.71
Episyenite

 
 
 
 
129.0
130.0
1.0
0.44
Episyenite

 
 
 
 
130.0
131.0
1.0
0.53
Episyenite

 
 
 
 
131.0
132.0
1.0
0.41
Episyenite

 
 
 
 
132.0
133.0
1.0
0.16
Perthitic Granite

 
 
 
 
133.0
134.0
1.0
0.01
Perthitic Granite

 
 
 
 
134.0
135.0
1.0
0.14
Perthitic Granite

 
 
 
 
135.0
136.0
1.0
0.90
Episyenite

 
 
 
 
136.0
137.0
1.0
1.09
Episyenite

 
 
 
 
137.0
138.0
1.0
1.03
Episyenite

 
 
 
 
138.0
139.0
1.0
0.29
Episyenite

 
 
 
 
139.0
140.0
1.0
0.51
Episyenite

 
 
 
 
140.0
141.0
1.0
0.57
Episyenite

 
 
 
 
141.0
142.0
1.0
0.52
Episyenite

 
 
 
 
142.0
143.0
1.0
0.81
Episyenite

 
 
 
 
143.0
144.0
1.0
0.47
Episyenite

 
 
 
 
144.0
145.0
1.0
2.43
Episyenite

 
 
 
 
145.0
146.0
1.0
0.16
Episyenite

 
 
 
 
146.0
147.0
1.0
0.12
Episyenite

 
 
 
 
147.0
148.0
1.0
0.10
Episyenite

 
 
 
 
148.0
149.0
1.0
0.12
Episyenite

 
 
 
 
149.0
150.0
1.0
2.04
Episyenite

 
 
 
 
150.0
151.0
1.0
2.91
Episyenite

 
 
 
 
151.0
152.0
1.0
2.22
Episyenite

 
 
 
 
152.0
153.0
1.0
2.11
Episyenite

 
 
 
 
153.0
154.0
1.0
0.83
Episyenite

 
 
 
 
154.0
155.0
1.0
2.92
Episyenite

 
 
 
 
155.0
156.0
1.0
2.04
Episyenite

 
 
 
 
156.0
157.0
1.0
3.19
Episyenite

 
 
 
 
157.0
158.0
1.0
3.94
Episyenite

 
 
 
 
158.0
159.0
1.0
2.02
Episyenite

 
 
 
 
159.0
160.0
1.0
0.67
Episyenite

 
 
 
 
160.0
161.0
1.0
8.05
Episyenite

 
 
 
 
161.0
162.0
1.0
1.90
Episyenite

 
 
 
 
162.0
163.0
1.0
1.75
Episyenite

 
 
 
 
163.0
164.0
1.0
3.13
Episyenite

 
 
 
 
164.0
165.0
1.0
0.98
Episyenite

 
 
 
 
165.0
166.0
1.0
1.28
Episyenite

 
 
 
 
166.0
167.0
1.0
2.47
Episyenite

 
 
 
 
167.0
168.0
1.0
2.66
Episyenite

 
 
 
 
168.0
169.0
1.0
1.47
Episyenite

 
 
 
 
169.0
170.0
1.0
2.13
Episyenite

 
 
 
 
170.0
171.0
1.0
1.85
Episyenite

 
 
 
 
171.0
172.0
1.0
1.33
Episyenite

 
 
 
 
172.0
173.0
1.0
0.82
Episyenite

 
 
 
 
173.0
174.0
1.0
1.13
Episyenite

 
 
 
 
174.0
175.0
1.0
1.99
Episyenite

 
 
 
 
175.0
176.0
1.0
0.79
Episyenite

 
 
 
 
176.0
177.0
1.0
1.69
Episyenite

 
 
 
 
177.0
178.0
1.0
1.97
Episyenite

 
 
 
 
178.0
179.0
1.0
1.47
Episyenite

 
 
 
 
179.0
180.0
1.0
1.29
Episyenite

 
 
 
 
180.0
181.0
1.0
2.30
Episyenite

 
 
 
 
181.0
182.0
1.0
1.04
Episyenite

 
 
 
 
182.0
183.0
1.0
0.68
Episyenite

 
 
 
 
183.0
184.0
1.0
2.08
Episyenite

 
 
 
 
184.0
185.0
1.0
2.94
Episyenite

 
 
 
 
185.0
186.0
1.0
0.73
Episyenite

 
 
 
 
186.0
187.0
1.0
2.47
Episyenite

 
 
 
 
187.0
188.0
1.0
0.96
Episyenite

 
 
 
 
188.0
189.0
1.0
0.64
Episyenite

 
 
 
 
189.0
190.0
1.0
1.44
Episyenite

 
 
 
 
190.0
191.0
1.0
3.01
Episyenite

 
 
 
 
191.0
192.0
1.0
2.26
Episyenite

 
 
 
 
192.0
193.0
1.0
1.56
Episyenite

 
 
 
 
193.0
194.0
1.0
1.33
Episyenite

 
 
 
 
194.0
195.0
1.0
2.10
Episyenite

 
 
 
 
195.0
196.0
1.0
1.39
Episyenite

 
 
 
 
196.0
197.0
1.0
2.17
Episyenite

 
 
 
 
197.0
198.0
1.0
1.74
Episyenite

 
 
 
 
198.0
199.0
1.0
1.72
Episyenite

 
 
 
 
199.0
200.0
1.0
1.65
Episyenite

 
 
 
 
200.0
201.0
1.0
1.77
Episyenite

 
 
 
 
201.0
202.0
1.0
2.51
Episyenite

 
 
 
 
202.0
203.0
1.0
1.86
Episyenite

 
 
 
 
203.0
204.0
1.0
1.54
Episyenite

 
 
 
 
204.0
205.0
1.0
4.07
Episyenite

 
 
 
 
205.0
206.0
1.0
1.22
Episyenite

 
 
 
 
206.0
207.0
1.0
1.25
Episyenite

 
 
 
 
207.0
208.0
1.0
1.20
Episyenite

 
 
 
 
208.0
209.0
1.0
1.44
Episyenite

 
 
 
 
209.0
210.0
1.0
1.34
Episyenite

 
 
 
 
210.0
211.0
1.0
0.23
Perthitic Granite

 
 
 
 
211.0
212.0
1.0
0.72
Perthitic Granite

 
 
 
 
212.0
213.0
1.0
2.18
Perthitic Granite

 
 
 
 
213.0
214.0
1.0
2.59
Perthitic Granite

 
 
 
 
214.0
215.0
1.0
0.32
Perthitic Granite

 
 
 
 
215.0
216.0
1.0
0.14
Perthitic Granite

 
 
 
 
216.0
217.0
1.0
0.14
Perthitic Granite

 
 
 
 
217.0
218.0
1.0
0.69
Perthitic Granite

 
 
 
 
218.0
219.0
1.0
0.04
Perthitic Granite

 
 
 
 
219.0
220.0
1.0
0.08
Perthitic Granite

 
 
 
 
220.0
221.0
1.0
0.36
Perthitic Granite

 
 
 
 
221.0
222.0
1.0
0.18
Perthitic Granite

 
 
 
 
222.0
223.0
1.0
0.10
Perthitic Granite

 
 
 
 
223.0
224.0
1.0
0.01
Perthitic Granite

 
 
 
 
224.0
225.0
1.0
0.09
Perthitic Granite

 
 
 
 
225.0
226.0
1.0
0.16
Perthitic Granite

 
 
 
 
226.0
227.0
1.0
0.02
Perthitic Granite

 
 
 
 
227.0
228.0
1.0
0.02
Perthitic Granite

 
 
 
 
228.0
229.0
1.0
0.13
Perthitic Granite

 
 
 
 
229.0
230.0
1.0
0.12
Perthitic Granite

 
 
 
 
230.0
231.0
1.0
0.11
Perthitic Granite

 
 
 
 
231.0
232.0
1.0
1.31
Perthitic Granite

 
 
 
 
232.0
233.0
1.0
0.05
Perthitic Granite

 
 
 
 
233.0
234.0
1.0
0.20
Perthitic Granite

 
 
 
 
234.0
235.0
1.0
0.33
Perthitic Granite

 
 
 
 
235.0
236.0
1.0
0.01
Perthitic Granite

 
 
 
 
236.0
237.0
1.0
0.01
Perthitic Granite

 
 
 
 
237.0
239.0
2.0
0.01
Perthitic Granite

 
 
 
 
239.0
241.0
2.0
0.01
Perthitic Granite

 
 
 
 
241.0
243.0
2.0
0.04
Perthitic Granite

 
 
 
 
243.0
245.0
2.0
0.02
Perthitic Granite

 
 
 
 
245.0
247.0
2.0
0.02
Perthitic Granite

 
 
 
 
247.0
249.0
2.0
0.06
Perthitic Granite

 
 
 
 
249.0
250.0
1.0
0.03
Perthitic Granite

 
 
 
 
250.0
251.0
1.0
0.08
Perthitic Granite

 
 
 
 
251.0
252.0
1.0
0.20
Perthitic Granite

 
 
 
 
252.0
253.0
1.0
0.03
Perthitic Granite

 
 
 
 
253.0
254.0
1.0
0.02
Perthitic Granite

 
 
 
 
254.0
255.0
1.0
0.07
Perthitic Granite

 
 
 
 
255.0
256.0
1.0
0.10
Perthitic Granite

 
 
 
 
256.0
257.0
1.0
1.84
Perthitic Granite

 
 
 
 
257.0
258.0
1.0
0.26
Perthitic Granite

 
 
 
 
258.0
259.0
1.0
0.25
Perthitic Granite

 
 
 
 
259.0
260.0
1.0
0.61
Perthitic Granite

 
 
 
 
260.0
261.0
1.0
0.16
Perthitic Granite

 
 
 
 
261.0
262.0
1.0
0.08
Perthitic Granite

 
 
 
 
262.0
263.0
1.0
0.01
Perthitic Granite

 
 
 
 
263.0
264.0
1.0
0.01
Perthitic Granite

 
 
 
 
264.0
265.0
1.0
0.01
Perthitic Granite

 
 
 
 
265.0
267.0
2.0
0.02
Perthitic Granite

 
 
 
 
267.0
269.0
2.0
0.01
Perthitic Granite

 
 
 
 
269.0
271.0
2.0
0.02
Perthitic Granite

 
 
 
 
271.0
273.0
2.0
0.01
Perthitic Granite

 
 
 
 
273.0
275.0
2.0
0.01
Perthitic Granite

 
 
 
 
275.0
277.0
2.0
0.01
Perthitic Granite

 
 
 
 
277.0
279.0
2.0
0.01
Perthitic Granite

 
 
 
 
279.0
281.0
2.0
0.01
Perthitic Granite

 
 
 
 
281.0
283.0
2.0
0.01
Perthitic Granite

 
 
 
 
283.0
285.0
2.0
0.01
Perthitic Granite

 
 
 
 
285.0
287.0
2.0
0.01
Perthitic Granite

 
 
 
 
287.0
289.0
2.0
0.01
Perthitic Granite

 
 
 
 
289.0
291.0
2.0
0.01
Perthitic Granite

 
 
 
 
291.0
293.0
2.0
0.01
Perthitic Granite

 
 
 
 
293.0
295.0
2.0
0.01
Perthitic Granite

 
 
 
 
295.0
297.0
2.0
0.01
Perthitic Granite

 
 
 
 
297.0
299.8
2.8
0.01
Perthitic Granite

Notes

Assumes 0.25 g/t gold cut-off grade, no top cut.
The Company has been targeting larger intersections of greater than 0.25 g/t gold. Intersections that are lower than this threshold may provide exploration insight and may therefore be disclosed.
Intervals represent drill core interval; true widths have not been determined at this time.

TABLE 2. Summary of Drill hole Assay Results for Fazenda do Posto target.

 

Hole
Azimuth

(degrees)
Dip

(dip)
End of hole

(metres)
From

(metres)
To

(metres)
Interval

(metres)
Gold grade

(grams/tonne)
Comment

23FP001
20
-60
214.05
77.00
153.00
76.00
0.17
Drilled peripheral to main target

 
 
 
 
85.00
86.00
1.00
0.32
Along southeast edge of FP

 
 
 
 
90.00
93.00
3.00
0.33
 

 
 
 
 
96.00
97.00
1.00
0.57
 

 
 
 
 
102.00
104.00
2.00
0.34
 

 
 
 
 
109.00
110.00
1.00
0.42
 

 
 
 
 
113.00
118.00
5.00
0.23
 

 
 
 
 
135.00
137.00
2.00
0.47
 

 
 
 
 
143.00
144.00
1.00
0.26
 

23FP002
20
-60
464.59
58.00
59.00
1.00
0.18
Discovery hole

 
 
 
 
117.00
457.00
340.00
1.09
Mineralized episyenite

 
 
 
Including
199.00
359.00
160.00
1.79
 

 
 
 
Including
208.00
235.00
27.00
2.07
 

 
 
 
Including
293.00
361.00
68.00
2.09
 

 
 
 
 
 
 
 
 
 

23FP003
0
-90
332.17
24.00
27.00
3.00
0.71
 

 
 
 
 
87.00
294.00
207.00
0.49
 

 
 
 
including
87.00
227.00
140.00
0.67
 

 
 
 
Including
87.00
195.00
108.00
0.80
 

 
 
 
Including
87.00
151.00
64.00
0.91
Mineralized episyenite

 
 
 
Including
87.00
145.00
58.00
0.97
 

 
 
 
Including
106.00
145.00
39.00
1.17
 

 
 
 
 
 
 
 
 
 

Hole
Azimuth

(degrees)
Dip

(degrees)
End of hole

(metres)
From

(metres)
To

(metres)
Interval

(metres)
Gold grade

(grams/tonne)
Comment

23FP004
200
-60
 
No Significant Value
 
 
 
Drilled southwest away from target

 
 
 
 
 
 
 
 
 

23FP006
200
-60
 
31.06
261.00
229.94
0.86
Drilled southwest into target

 
 
 
including
31.06
235.00
203.94
0.95
Mineralized episyenite

 
 
 
including
31.06
222.00
190.94
1.00
 

 
 
 
including
149.00
214.00
65.00
1.94
 

 
 
 
including
149.00
187.00
38.00
2.03
 

 
 
 
including
154.00
164.00
10.00
2.96
 

 
 
 
including
190.00
205.00
15.00
2.05
 

 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

The post Lavras Gold (TSXV:LGC) Confirms and Expands Gold Discovery with 204 metres Grading 1.0 g/t Gold Starting at Depth of 31 Metres at Fazenda do Posto, Eyes Future Development appeared first on MiningFeeds.

 

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