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Lara Reports Drilling Intercepts 117.47 Metres, Averaging 0.57% Copper Equivalent at the Planalto Copper Project in Brazil
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2018) - Lara Exploration Ltd. (TSX...
About this update from Lara Exploration Ltd.
[{"type":"text","content":"Lara Reports Drilling Intercepts 117.47 Metres, Averaging 0.57% Copper Equivalent at the Planalto Copper Project in BrazilVancouver, British Columbia--(Newsfile Corp. - February 28, 2018) - Lara Exploration Ltd. (TSXV: LRA) (\"Lara\" or \"the Company\"), is pleased to report that its first diamond drill hole at the Planalto Copper Project, DDH-17-01 has intercepted 222.29 metres (\"m\") from surface with an average grade of 0.38% copper and 39 parts per billion (\"ppb\") gold (0.41% copper equivalent). Within this wider zone, there is an intercept of 117.47m (between 62.08m and 179.55m down hole) with an average grade of 0.53% copper and 54ppb gold (0.57% copper equivalent). The second hole, DDH-17-02, drilled below DDH-17-01 on the same section, intercepted a lower grade mineralized zone of 101.36m at 0.14%Cu and within this zone the best intersections were 15.00m at 0.32% copper and 4.70m at 0.3% copper.Miles Thompson, President and CEO of Lara commented: \"We are very pleased with our first intercept from Planalto and excited to have potentially identified a new style of copper mineralization in the Carajás Province; we look forward to reporting results of the additional holes in the coming weeks.\"DrillholeUTM-NUTM-EFrom (m)To (m)Interval (m)Cu (%)Au (ppb)Cu Eq. (%)17-0192949106368590.00229.29222.290.38390.41including 62.08179.55117.470.53540.5717-029294862636842102.84204.1101.360.1420 including 119.05134.0515.000.3227 and 183.25187.954.700.3029 Notes: Copper equivalent (Cu Eq.) values for by-product gold are calculated using a copper price of US$3.00/lb and a gold price of US$1,340/oz. No allowance is made for losses in a normal mining situation. The reported intercepts are not necessarily true widths, as there is insufficient data at this time to determine the orientation of the mineralized body.  Drillhole 17-01 was drilled at an angle of 55 degrees at an azimuth of 030 degrees, 17-02 at an angle of 65 degrees to the same azimuth direction to test the northern end of a copper in soil geochemistry anomaly extending over one kilometre in strike length and up to 400m in width, interpreted as proximal to an important structural break between granitic intrusives and mafic-intermediate meta-volcanics and gabbro intrusives. Channel samples of rock and saprolite, where exposed across the main soil anomaly, included inte...