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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

Comment by Zibo510on Jul 03, 2024 8:08pm
68 Views
Post# 36117381

RE:Very Rough Proxy Based Scoping of FDP MRE

RE:Very Rough Proxy Based Scoping of FDP MREThe current drill campaign is 25,000 meters with 10,000 allocated for Butia/FDP, which may be extended if results warrant, As per the last NR they were still drilling FDP, so the longer they stay on site at FDP the better things look. Still 12 months of drilling left. 


A 25,000-metre diamond drilling contract has been signed with GeoSol, a Brazilian drilling company. The current drilling program consists of two diamond drill rigs that are now on site and designed to test exploration targets continuously from now until the first half of 2025. This drilling program is in addition to the 20,000 metres of drilling completed by the company since it went public in April 2022, and the more than 60,000 metres of historical drilling on the property by previous operators. Approximately 10,000 metres of drilling have currently been budgeted to test Buti and Fazenda do Posto. Further drilling of these targets may happen as results warrant. Drilling of other exploration targets is anticipated in the second half of 2024 with the objective of discovering


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