Lavras Gold Corp V.LGC

Pretty Quiet

[TimeTooSoar]

No news since February. I guess no good news to report? or they figure the stock is going good just keep holding off on releasing drill results or an update?
Drills move out to new targets end of June... I wonder if they'll have enough drill results to increase gold reserves? Any thoughts out there?

[snowshoedb]

Quote from Michael Durose back in Oct 2023... Two drills are currently turning, one at Fazenda do Posto and one at Buti. Once the drill core has been logged and assay results have been obtained and interpreted, the results will be disclosed. The typical turnaround time is approximately six to eight weeks. “This is an exciting time for our Company,” added Durose. “We are entering the spring and

[TimeTooSoar]

That's a pretty thought out post! I guess i'm not the only one wondering what the heck?!?!?. 

[Zibo510]

I am thinking they wanted to be issued the new stock options before releasing assays, assuming good assay results and a higher SP.  If so next week for news. 

[TimeTooSoar]

I thought the share issues were a bit extensive as well. 200,000 options going to IR Naomi? that's a bit much... 

[nozzpack]

It's my understanding that all of the recent drilling results are being interpreted and included in a preliminary resource estimate , presumably including Botia . Now, that could be quite a substantial boost to our share price if that combined estimate is 1 million ounces or higher. Dont know how long this might take but all gold companies employ their own internal resource estimation model,