Current Drilling ….All objectives Achieved ?
Importantly, gold mineralization being defined at Fazenda do Posto is 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 next step of the drilling program will systematically drill Fazenda do Posto on 50-metre drill centres with vertical holes.
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.
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.