Lavras Gold Corp. is intensifying its drilling activities at the LDS Project in Brazil, targeting key areas such as Butiá and Fazenda do Posto. Significant findings include the Almeria discovery, which revealed gold intersections. The company plans extensive drilling in 2024 to further define resources and potential mineralization.
Lavras Gold Corp. has expanded its drilling efforts at the Lavras do Sul (LDS) Project located in Brazil, as communicated by President and CEO Michael Durose during an interview at the PDAC conference in Toronto. The company currently controls approximately 1 million ounces of gold across two of its 24 exploration targets.
In 2024, Lavras Gold aims to carry out 17,000 meters of drilling in critical locations such as Butiá, Fazenda do Posto, and Caneleira. Notably, the Almeria discovery revealed significant results, with drilling intersecting 56 meters containing 1 gram of gold per ton from the surface.
The company’s future plans include focused infill drilling at Butiá to identify a potential mineable resource and further drilling at Fazenda do Posto to clarify the extent of mineralization. Additionally, metallurgical testing at Butiá will be conducted, which will subsequently be extended to Fazenda do Posto.
Durose highlighted that upcoming drilling results and exploration activities at Caneleira are poised to serve as vital catalysts for Lavras Gold in 2024, as they could significantly expand the known mineralization footprint.
In conclusion, Lavras Gold Corp. is strategically enhancing its drilling initiatives at the LDS Project in Brazil. With plans for extensive drilling and metallurgical testing, the company aims to better define potential resources and uncover new mineralization opportunities, particularly at sites like Butiá and Fazenda do Posto. The progress made at the Almeria discovery represents a promising development for the company’s future endeavors.
Original Source: ca.proactiveinvestors.com
