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Lara Intercepts 130.41 Metres Averaging 0.93% Copper Equivalent at the Planalto Copper Project in Brazil
Vancouver, British Columbia--(Newsfile Corp. - June 19, 2018) - Lara Exploration Ltd. (TSXV: L...
About this update from Lara Exploration Ltd.
[{"type":"text","content":"Lara Intercepts 130.41 Metres Averaging 0.93% Copper Equivalent at the Planalto Copper Project in BrazilVancouver, British Columbia--(Newsfile Corp. - June 19, 2018) - Lara Exploration Ltd. (TSXV: LRA) (\"Lara\" or \"the Company\"), is pleased to report that its final hole of the Phase-1 scout drilling program, hole PDH-18-03, intercepted 130.41m. between 68.05m and 198.46m down hole, with an average grade of 0.88% copper and 90ppb gold, or 0.93 % copper equivalent \"CuEq\", within a wider zone of 284.71m from surface averaging 0.48% Cu and 48 ppb Au.Miles Thompson, President and CEO of Lara commented: \"We are pleased to see the notable trend of increasing grade as the mineralization plunges shallowly under cover and encouraged also to have hit some more massive chalcopyrite veining.\"DrillholeUTM-NUTM-EFrom (m)To (m)Interval (m)Cu (%)Au (ppb)CuEq (%)18-0392950006367150.00284.71284.710.4848 including 56.7259.853.130.5751 and 68.05198.46130.41 0.88900.93and 271.95 280.238.280.3531 CuEq values for by-product gold are calculated using a copper price of US$3.29/lb and a gold price of US$1,300/oz. No allowance is made for losses in a normal mining situation. Intervals are down hole intervals and are believed to be close to true width. PDH-18-03 was collared approximately 255m west of 18-02 (results of which were reported in Lara news release of April 24, 2018) on the same section and drilled eastward back towards it as a scissor hole at an angle of -50 degrees. The hole was designed to test an interpreted ground EM conductor and part of the strong soil copper anomaly extending to about 150m to the west of drill hole 18-02. Interpretation of the geological and assay results for drill hole 18-02 had indicated that if the mineralized structures intersected in that hole had a moderate or steep westerly dip, then the copper in soil anomaly would have only been partially drill tested by hole 18-02. Drill hole 18-03 intersected a thick zone of hydrothermal alteration and vein stock works carrying chalcopyrite mineralization from the surface down to 284.71m with a more consistent zone of mineralization above a 0.3% Cu cut-off from 68.05m down to 196.46 m (130.41m) at a weighted average grade of 0.88% Cu and with 90ppb Au. Within this interval there are numerous sub-intervals from about 1m to more than 25m wide with greater than 0....