Lavras Gold advances with significant gold discoveries in Brazil - PDAC 2024

About this update from Lavras Gold Corp

[{"type":"text","content":"Lavras Gold advances with significant gold discoveries in Brazil - PDAC 2024\n \n \n (NewsDirect)\n \n \n \n \n Lavras Gold Corp (TSX-V:LGC, OTCQX:LGCFF)\nCEO Michael Durose discusses significant advancements in the\ncompany's exploration activities with Proactive's Angela\nHarmantas at PDAC 2024.\n \n \n Since going\npublic in April 2022, following a spin-out from Amarillo Gold with $10\nmillion in cash, Lavras Gold has launched a robust exploration\nprogramme on the LDS project in southern Brazil. This initiative has\nled to seven new gold discoveries, notably including a significant\nfind at the epicentre of the Fazendo do Posto discovery, which yielded\n340 metres at 1.1 grammes per tonne gold adjacent to the existing\n500,000-ounce Butiá gold deposit.\n \n \n This discovery was pivotal in enhancing the company's share\nprice, facilitating a subsequent $13.7 million fundraising in\nSeptember without substantial dilution.\n \n \n As of December 31, the company reported $11.1 million in cash\nreserves and is in the midst of a 25,000-metre drilling programme\nexpected to continue into mid-2025. The immediate focus is on\nde-risking the Butiá project, aiming to verify its economic\nviability.\n \n \n The company is also keen\non leveraging the positive gold market trends, attributing the recent\nhigh gold prices to global geopolitical and economic tensions, and\nanticipates a consequent uptick in gold equities.\n \n \n \n Contact\nDetails\n \n \n \n \n Proactive North America\n \n \n \n Proactive\nNorth America\n \n \n +1 604-688-8158\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2024 TheNewswire - All rights reserved.\n \n \n","length":2153,"tagName":"div"}]

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