Lavras Gold Corp V.LGC

Very Rough Proxy Based Scoping of FDP MRE

[nozzpack]

I mentioned Snowline ( SGD..$5.77..$900 m market cap ) previously as an excellent analogue for FDP ( and Butia ).....long continous mineralization beginning at the surface .

Recently, SGD produced the initital MRE ( Mineral Resource Estimate ) for its outstanding gold discovery .

On just over 27,000 meters of drilling it produced its first MRE of 7.3 million ounces at an average grade of 1.45 grams per ton which is 269 ounces per meter of drilling.

I am not quite certain of the number of meters drilled at FDP but assume that all 20,000 of the current drill program has been for FDP.

If so, by proxy extrapolation, those 20.000 meters compute to 5.3 million ounces for FDP.

However, the average grade at FDP is about 1 gram per ton versus 1.45 gms for SGD.

Adjusting for grade differential, FDP still projects at 3.7 million ounces.

Very rough indeed, and if those 20,000 meters are confirmed, it does add conviction.

Divide by 2 to be conservative, and we still arrive at nearly 2 million ounces for FDP

Xxxx SGD

The initial MRE for the Valley deposit is prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards incorporated by reference in National Instrument 43-101.

The initial revenue factor 0.72 pit-shell-constrained MRE contains indicated mineral resources of 76 million tonnes at 1.66 grams per tonne gold for 4.05 million ounces gold in addition to inferred mineral resources of 81 mt at 1.25 g/t Au for 3.26 million ounces gold, using a 0.4 g/t Au cut-off grade.

The estimate is based on 27,911 metres of drill data from all 68 holes at Valley available as of May 15, 2024, ...

[Zibo510]

The 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

[nozzpack]

Thank you. Drilling through continous mineralization substantiallly reduces the number of drill holes needed for an initial MRE, as is clearly exhibited by the Snowline MRE which required less than 28,000 meters . The 50 meter grid drilling pattern now being employed at FDP is consistent with required  MRE standards of drilling density, so the extended drilling time there is clearly directed

[Zibo510]

They have had 2 rigs onsite at FDP since 29 August.  If my old timers memory is correct each rig should average 20 to 25 meters @ day.  So that's over 300 days which should be in the 12,000 to 15,000 range of total meters drilled to date. The discovery hole at FDP was 340 meters of continuous mineralization with a 1.09 g/t average.  I wonder if they have found more of the

[Zibo510]

I should add that there would have been down time with the rig's due to weather, Holidays and maintenance but I think the drilling campaign at FDP has still exceeded the original 10,000 meter target and they're still drilling.