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Lavras Gold Corp V.LGC

Alternate Symbol(s):  LGCFF

Lavras Gold Corp. is a Canada-based junior exploration company. The Company is engaged in the exploration and development of the Lavras do Sul gold project located in the state of Rio Grande do Sul, Brazil. The Lavras do Sul gold project is an advanced exploration stage property that spans approximately 22,000 hectares in size and comprised of 29 mineral rights centered on historic gold workings.


TSXV:LGC - Post by User

Post by nozzpackon Jul 02, 2024 12:42pm
89 Views
Post# 36114653

50 m by 50 m Grid Spacing = Indicated 43-101 category

50 m by 50 m Grid Spacing = Indicated 43-101 categoryFDP is being drilled on a 50 m by 50 m grid spacing .

If you check with drill density spacings of the various 43-101 Resource categories, you will find that such a grid block size equates to an Indicated 44-101 Resource category.

The Inferred 43-101 category is 100 m by 100 m grid spacing .

Note that infill drilling has recently been done at Butia whose 43-101 Resource is entirely Inferred.

It would appear that the upgraded Resource for Butia will not only be greater but at a higher rated category of Inducated.

It appears that FDP will be entirely Indicated,

These higher confidence categories will increase the value of the Resources and that of the upcoming PEA
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