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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

Comment by nozzpackon Apr 17, 2024 5:08pm
50 Views
Post# 35994704

RE:RE:Closely Spaced Drilling …..Enough for Inferred Resource

RE:RE:Closely Spaced Drilling …..Enough for Inferred ResourceYes similar to infill except this will include some extensional drilling testing the margins of the possible open pit across the 150 m divide with Butia.

As these drill holes are largely continously mineralized , there will be excellent statistical confidence in the resource estimates .

That means that extrapolation from strike dimensions carry signifucant estimate conviction .

Its not difficult to arrive at 2 milion ounces doing so.

At $200 per ounce in the ground, we would be looking at $7 share price..
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