Lavras Gold Corp V.LGC

Alternate Symbol(s): LGCFF

Metals & Mining Gold

Lavras Gold Corp. is a Canada-based exploration company focused on realizing the potential of a multi-million-ounce gold district in southern Brazil. 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 is located approximately 320 kilometers, from the state capital of Porto Alegre and spans approximately 23,000 hectares in size and comprised of 37 mineral rights centered on historic gold workings. The Company also owns a 2% net smelter return (NSR) revenue-based royalty that applies to 65,000 hectares of exploration ground around Hochschild’s Mara Rosa mine in Goias State in central Brazil.

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Lavras Gold Corp > FDP Probably Close to 1 million ounces

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Post by nozzpackon Jun 25, 2024 2:23pm

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Post# 36105478

FDP Probably Close to 1 million ounces

Butia has 500,000 ounces contained within 16.4 million tons of drill defined ore at 1 gram .

FDP has 200 m by 200 m by 300 m by 2.65 = 32 million tons of drill defined ore.

So, a simple coarse calculation indicates the potential for FDP to add 1 million ounces, bringing LGC to 2 million ounces.

Notes.....

1..extensional drilling results reported today could incresse Butia's resource level

2..an additional 10,000 meters may have increased FDP's early mineralized dimensions .

Very coarse, but 1 million ounces at FDP seems not unreasonable within the limits of current drilling data

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