Lavras Gold Corp V.LGC

Mothership Feeder Zone At FDP

[nozzpack]

These shallow dipping thick feeder zones could contain millions of ounces on their own.
It is mentioned in the FDP discovery that such a rich feeder zone would be occluded by the rock overburden , hence would be another blind discovery as was FDP.

It has occurred to me that the regular spaced drilling program currently underway at FDP might not be exclusively for resource estimation but could contain also as another objective, a search for the feeder zone.

This is pure speculation on my part but such mothership lodes can add millions of ounces to gold reserves within , say, a 100 meter area of very thick very high grade gold.

It need not be restated that we are very early in the discovery stage at Lavras, and that new unexpected discoveries always crop up such as the Swan Zone of 
Fosterville which at 1 ounce per ton, was worth many  billions when produced.

AIMHO

GLTA

[Zibo510]

You might be onto something nozzpack, the last FDP assays were released 29 February, that's over 6 months ago.  If you look at the 6 month chart, despite no news the SP has been on a steady rise from around 1.00 Usually the SP drops from lack of news, not the case here.  As well in a little over a year the SP is up over 10x,and the trading is very tight with very low volume

[nozzpack]

If you examine the Gmin FS after tax NPV 5, those 2 million ounces are valued at about $650 CAD per ounce. We already have 1 million ounces, Butia will add ounces from extensional drilling, more ounces from that 150 meter extension to FDP being drill mineralized , so possibly another 200,000 to 300,000 ounces being added to Butia. That means FDP has onky to deliver about 750,000 ounces to get us

[snowshoedb]

Is the 150 m Extension you're talking about close the gap between FDP and Butia? I only remember approximately 65 m of extension on Butia. Unfortunately, I don't even know if that is extended between Butia and FDP? I suspect you are correct for additional allowances coming from FDP

[nozzpack]

It's 150 meters .. Fazenda do Posto is 150 metres west of the Buti Gold Deposit, which has an NI 43-101 gold resource of approximately 500,000 ounces.