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Lavras Gold Corp V.LGC

Alternate Symbol(s):  LGCFF

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.


TSXV:LGC - Post by User

Post by nozzpackon Jun 29, 2024 8:46am
172 Views
Post# 36111922

Butia Summary….open in all directions , increasing in grade

Butia Summary….open in all directions , increasing in grade

1..Long continuous intervals of gold mineralization over more than 230  metres depth and beginning at surface confirm the bulk-tonnage nature of Butia.


2...FDP within the same high grade soil anomaly ( in red in CP ) and only 150 m distant from Butia has been drilled defined to 330 meters
 


3..The presence of visible gold in cross-cutting stockwork-style quartz veinlets in 24BT019 highlights multiple gold mineralizing events, locally enhancing gold grade

4... This style of mineralization has been seen property wide in other targets that we have drilled including Zeca Souza, Galvao and Matilde.

5...Laterally, a higher-grade core of mineralization has been defined over at least 100 metres of strike length within the Butia gold deposit, starting at surface. This has potentially positive implication for a future open pit mine.


So, an updated 43-101 for Butia will show substantial gains in resources.....laterally, at depth and higher grades.

And Butia remains open at strike and down dip as does FDP.

Further north within the same high grade gold in soil anomaly, drilling has found high grade gold at depths greater than 500 meters.

 

In essence, subsequent drilling within this high grade gold in soil anomaly has a very high probability of drill defining many more bulk mineable gold deposits which may, as old core relogging shows  , be linked to and include Cerrito.

We are very early in this discovery journey..

GLTA



 

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