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Lara Reports Maiden Copper-Gold Resource for the Planalto Project, Brazil
Vancouver, British Columbia--(Newsfile Corp. - October 9, 2024) - Lara Exploration Ltd. (TSXV: LR...
About this update from Lara Exploration Ltd.
[{"type":"text","content":"Lara Reports Maiden Copper-Gold Resource for the Planalto Project, BrazilVancouver, British Columbia--(Newsfile Corp. - October 9, 2024) - Lara Exploration Ltd. (TSXV: LRA) (Lara) is pleased to report the initial resource estimate of the 100% owned Planalto Copper-Gold Project in the Carajás Mineral Province of northern Brazil. GE21 Consultoria Mineral Ltda. (GE21), an independent mining and geological consulting company, estimated the Mineral Resources for the Planalto project as summarized in Table 1. 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.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 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 43.101 Technical Report on a Mineral Resources Estimate for the Planalto Project, Canãa dos Carajás, Pará, Brazil, September, 2024 (the \"Technical Report\") will be available on SEDAR+ (www.sedarplus.ca) and the Company web site www.laraexploration.com within 45 days of the date of this news release.Table 1: Mineral Resource Statement as at July 03, 2024 for the Planalto DepositResource CategoryDomainResource(Mt)Cu grade(%)Copper Equivalent( %)Au grade(g/t)Cu(Kt)Cu(Mlbs)Au(Koz)IndicatedMain Mineralization47.70.530.560.0625355792Host Rock Mineralization-------Total Indicated47.70.530.560.0625355792InferredMain Mineralization77.70.510.540.06396874149.9Host Rock Mineralization76.30.20.220.0315333673.6Total Inferred154.00.360.380.45491210223.5 Notes related to the Mineral Resource Estimate:The Mineral Resource Estimate (MRE) was restricted by a pi...