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Lara Exploration Announces Filing of Technical Report for Previously Announced Maiden Copper-Gold Resource for the Planalto Project, Brazil
Vancouver, British Columbia--(Newsfile Corp. - October 17, 2024) - Lara Exploration Ltd. (TSXV: L...
About this update from Lara Exploration Ltd.
[{"type":"text","content":"Lara Exploration Announces Filing of Technical Report for Previously Announced Maiden Copper-Gold Resource for the Planalto Project, BrazilVancouver, British Columbia--(Newsfile Corp. - October 17, 2024) - Lara Exploration Ltd. (TSXV: LRA) (\"Lara\" or the \"Company\") is pleased to report that it has filed an independent technical report (the \"Technical Report\") prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\") supporting the initial resource estimate on its 100% owned Planalto Copper-Gold Project in the Carajás Mineral Province of northern Brazil.The Technical Report, titled \"Independent Technical Report on Mineral Resources Estimate for the Planalto Project, Canaã dos Carajás/Pará, Brazil\", dated September 5, 2024, with an effective date of July 3, 2024, may be found under the Company's issuer profile on SEDAR+ (www.sedarplus.ca), with a copy also available on the Company's website at www.laraexploration.com. The Technical Report was authored by Leonardo de Moraes Soares, MSc (Geo), MAIG and Paulo Bergmann, BSc (Min Eng), FAusIMM, both of GE21 Consultoria Mineral Ltda. There are no material differences in the Technical Report from those results disclosed in the Company's news release dated October 9, 2024, or those disclosed below.The Planalto Copper Project is located between Vale's Sossego copper mine and Cristalino copper deposit, and BHP's Pedra Branca copper mine and Antas mill, in the Carajás Mineral Province of northern Brazil. The Mineral Resources summarized in Table 1., contain a shallow dipping higher grade Main Mineralization domain, surrounded by a lower grade Host Rock Mineralization domain, constrained within an open pit shell representing a reasonable prospect of eventual economic extraction (RPEE). The Indicated Resources are estimated to be 47.7 million tonnes (Mt) at an average grade of 0.53% copper (Cu) and 0.06 grams per tonne (g/t) gold (Au), or 0.56% copper-equivalent (CuEq), containing 253 thousand tonnes (0.56 billion pounds) Cu or 267 thousand tonnes (0.59 billion pounds) CuEq. Inferred Resources are estimated to be 154 Mt at an average grade of 0.36%Cu and 0.04g/t Au, or 0.38%CuEq, containing 549 thousand tonnes (1.2 billion pounds) Cu or 585 thousand tonnes (1.3 billion pounds) CuEq. Table 1: Mineral Re...