Lara Identifies Potential for Disseminated Nickel-Copper-Cobalt Sulphide Mineralization at its Damolândia Project in Goiás State, Central Brazil

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[{"type":"text","content":"Lara Identifies Potential for Disseminated Nickel-Copper-Cobalt Sulphide Mineralization at its Damolândia Project in Goiás State, Central BrazilVancouver, British Columbia--(Newsfile Corp. - November 13, 2018) - Lara Exploration Ltd. (TSXV: LRA) (\"Lara\" or \"the Company\"), is pleased to report that it has recently completed a geological review of its Damolândia project in Goiás State, Central Brazil, which has identified potential for disseminated and stringer-style sulphide nickel-copper-cobalt (\"Ni-Cu-Co\") mineralization that has either not been, or at best only partially tested by historic drill programs. Miles Thompson, President and CEO of Lara commented: \"Reinterpretation of the historical exploration data, combined with additional mapping and surface sampling over the last twelve months, suggests a target geometry and size potential considerably better than we had first thought. We have extended the payment terms on our underlying option, secured three-year renewals of the exploration licenses with the Brazilian government and identified a number of drill-ready targets at the Damolândia Project, for which we are now seeking a partner.\"Detailed geological mapping was carried out to define the aerial extent of the mafic and ultramafic rocks comprising the Damolândia mafic-ultramafic complex and historic drill core was located and examined. A re-evaluation was carried out on all historic geochemical rock and soil sampling data and of the ground and airborne geophysical surveys (Magnetics, IP and VTEM). The complex is 8km long (East-West) by 6km wide (north-south) and is dominated by mafic diorites, gabbros and gabbronorites. It is intruded by two ultramafic units dominated by layered pyroxene and olivine-rich cumulate rocks (pyroxenites-websterites and peridotite-lherzolites). These units can be as much as 150m thick and are interpreted to represent magma channels developed within the gabbros. These are located in the southwest and central parts of the complex and are denominated the Damolândia and Central Ni-Cu-Co target areas, respectively. Historic soil geochemistry data at both targets shows coincident zones, hundreds of meters long and up to several hundreds of meters wide, with anomalous nickel, copper and cobalt values. The drill core examination indicated that pyrrhotite is t...

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