news letter approval lundin
Lundin encouraged by Lara's Campos Verdes samples
2006-12-21 14:26 MT - In the News
In the Nov. 14, 2006, edition of the Gold Newsletter, Brien Lundin says Lara Exploration Ltd., recently $1.10, has returned encouraging channel sampling results from the Campos Verdes project in Brazil. Mr. Lundin said buy Lara in April, 2006, at $1.67. An investment of $1,000 would now be worth $641. The company is working on an extensive sampling and trenching program at the Campos Verdes project. The letter writer says the recent results from the program were a mixed bag. The trenching work turned in only sporadic showings of gold mineralization. The sampling results fared better. The best channel samples came from an exposure of weathered rock in and around the Joao Neves pit. Mr. Lundin suggests the local miners were onto somthing when they mined the area briefly in the mid-1990s. The samples topped out at two metres of 133.6 grams per tonne gold. He adds that Campos Verdes exploration shows enough promise to warrant more testing. Even if this project does not pan out, there are eight other significant projects in Lara's portfolio.