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Bullboard - Stock Discussion Forum Lavras Gold Corp V.LGC

Alternate Symbol(s):  LGCFF

Lavras Gold Corp. is a Canada-based junior exploration company. 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 spans approximately 22,000 hectares in size and comprised of 29 mineral rights centered on historic gold... see more

TSXV:LGC - Post Discussion

Lavras Gold Corp > 50 m by 50 m Grid Spacing = Indicated 43-101 category
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Post by nozzpack on Jul 02, 2024 12:42pm

50 m by 50 m Grid Spacing = Indicated 43-101 category

FDP is being drilled on a 50 m by 50 m grid spacing .

If you check with drill density spacings of the various 43-101 Resource categories, you will find that such a grid block size equates to an Indicated 44-101 Resource category.

The Inferred 43-101 category is 100 m by 100 m grid spacing .

Note that infill drilling has recently been done at Butia whose 43-101 Resource is entirely Inferred.

It would appear that the upgraded Resource for Butia will not only be greater but at a higher rated category of Inducated.

It appears that FDP will be entirely Indicated,

These higher confidence categories will increase the value of the Resources and that of the upcoming PEA
Comment by Zibo510 on Jul 02, 2024 5:49pm
Nozzpack I'm a little confused, in your last post you state that 100% of Butia RE is inferred, yet LGC states (see below) that 23.3% of the RE is in the inferred category and the balance in the measured and indicated, what am I miss understanding here.  Approximately 23.3% of the existing resource estimate is in the Inferred category and the remaining 76.7% in the measured and indicated ...more  
Comment by nozzpack on Jul 03, 2024 12:29pm
My apologies for that mis quote. I recall I researched the original owner and may havd misinterpreted what I read.
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