RE:Wow! management insider bought 572,000 shares Yesterday I wonder what new discoveries the current drilling has turned up to warrant such a massive insider buying.
We know that the gold mineralization being defined at Fazenda do Posto is just 150 metres west of the adjacent Butia gold deposit, which hosts an existing National Instrument 43-101-compliant measured, indicated and inferred gold resource of 500,000 ounces that is open to expansion.
It is possible that these two deposits may be developed together as one mining project in the future, and so it is important to understand the relationship between these deposits.
The current drilling program will systematically drill Fazenda do Posto on 50-metre drill centres with vertical holes. ......grade control drilling.
In this way, the size, geometry and grade distribution of the discovery will be better understood.
This drill strategy will also be applied selectively to the adjacent Butia gold deposit.
Further ideas will be tested as the drill program evolves such as whether the two deposits are connected.
Lavras Gold's short-term corporate objective is to define an economic gold resource on the LDS project, with a focus on Fazenda do Posto and the adjacent Butia gold deposit.
Have the results of the recent ongoing drilling program with two drill rigs substantively enlarged the physical dimensions of these two adjacent deposits including including their Mineralized connection ?
Imagine if they report a 350 m continous intersection starting at the surface on the western Border of Butia, extending 250 m deep into FDP.
2 million ounces would then anticipated with continued extensional drilling .
Whatever, it's becoming clear that we may have a tiger by the tail here already in just a small part of the land concession.