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Hochschild Intercepts 31.55m averaging 4.9g/t Gold and 43g/t Silver at the Lara's Corina Gold Project in Peru
Vancouver, British Columbia--(Newsfile Corp. - February 2, 2021) - Lara Exploration Ltd. (TSXV...
About this update from Lara Exploration Ltd.
[{"type":"text","content":"Hochschild Intercepts 31.55m averaging 4.9g/t Gold and 43g/t Silver at the Lara's Corina Gold Project in PeruVancouver, British Columbia--(Newsfile Corp. - February 2, 2021) - Lara Exploration Ltd. (TSXV: LRA) (\"Lara\"), is pleased to report the receipt of additional drill results from partner Hochschild Mining plc., for Lara's Corina Gold Project in southern Peru. Hochschild completed a further 2,318 metres of resource drilling in Q4-2020 on the Corina structure, in follow-up to the discovery drilling completed in 2019 (see Company news release of October 1, 2019 for details). Drilling continues with resource and exploration drilling in the Corina and associated structures to the northeast of the system. The new results are summarized in the table below: Drillhole ID UTM-E UTM-N From (m) To (m) Interval (m) Gold (g/t) Silver (g/t) DHCOR20015 716,351.55 8,390,929.94 182.70 212.30 29.60 2.5 23 including     184.50 187.35 2.85 10.1 62 DHCOR20018 716,133.76 8,391,095.60 157.80 159.80 2.00 1.2 14 DHCOR20019 716,276.78 8,390,952.96 205.50 211.30 5.80 1.4 23 DHCOR20020 716,351.47 8,390,930.03 204.65 236.20 31.55 4.9 43 DHCOR20021 716,138.68 8,391,093.65 143.75 163.10 19.35 3.9 47 including     151.70 156.50 4.80 8.4 88 DHCOR20022 716,276.77 8,390,952.72 243.50 245.30 1.80 1.4 3 DHCOR20025 716,278.10 8,390,954.99 201.40 206.70 5.30 3.6 19 The reported intercepts are close to, but do not necessarily represent true widths. Hochschild has the option to purchase the Corina Project from Lara by making staged cash payments totalling US$4,150,000 of which US$650,000 has been paid to date, with the next installment of US$1,000,000 due in July 2021. Hochschild also has the obligation to pay a 2% net smelter return royalty on any production (see Company news release of June 23, 2014 for details).The Corina Gold Project covers part of a belt of Tertiary-age volcanic rocks in southern Peru that also host Hochschild's Pallancata and Immaculada mining operations and past producer Selene, with Lara's project located approximately 15km north (approximately 25km by road) of the mill at Selene, which currently processes ore from the Pallancata mine.Drilling Data, QAQC and Qualified PersonDrilling is being supervised by Hochschild's brownfields technical team, based at the Pallancata Mine. The Q4-2020 drilling generated 1,080 core sa...