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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 Sep 10, 2024 5:23am
185 Views
Post# 36216090

FDP Grid Contained M & I ounces Updated

FDP Grid Contained M & I ounces UpdatedThe original dimensions early in the FDP grid drilling program was 200 m by 200 m area  with drill holes spaced 50 mterers apart. That spacing implies 25 drill holes which at 400 m of depth amounts to about 10,000 meters of drilling needed to acquire sufficient density of drilling to meet M & I 43-101 standards .

The Krieging algoritms generally will interpole the radius which is 25 meters .

Hence the estimable area encompassed by the 50 m spacing  will be 250 m by 250 meters by 425 meters
 .

SG is 2.7 tons per cu m.

So, we have 250  X 250 X X 425  X 2.7 = 72 m tons 

I assume an average grade of 1.25 grams per ton and also assume that 50 % of the contained ore volume is waste ( same as SGD ) which results in  1.45  million ounces of economic gold ounces for FDP

This is very rough but illustrates that  FDP could deliver 1 million ounces or so.
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