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Lavras Gold Corp. Intersects 1.4 g/t Gold Over 236 Metres from Surface at Butiá Gold Deposit, LDS Project, Southern Brazil & Provides an Exploration Update
Drilling intersection includes 1.6 g/t gold over 199 meters, including 2.4 g/t gold over 20 metre...
About this update from Lavras Gold Corp
[{"type":"text","content":"Lavras Gold Corp. Intersects 1.4 g/t Gold Over 236 Metres from Surface at Butiá Gold Deposit, LDS Project, Southern Brazil & Provides an Exploration UpdateDrilling intersection includes 1.6 g/t gold over 199 meters, including 2.4 g/t gold over 20 metresToronto, Ontario--(Newsfile Corp. - June 25, 2024) - Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) (\"Lavras Gold\" or the \"Company\") is pleased to release the results from seven new drillholes testing the Butiá Gold Deposit, located at the western edge of the LDS Project in southern Brazil. Gold mineralization was intersected in all seven holes reported in this news release at the Butiá Gold Deposit (\"Butiá\" or \"Butiá Gold Deposit)\", which hosts a NI43-101 compliant measured, indicated and inferred gold resource of approximately 0.5 million ounces. Three of these seven new holes returned more than 200 metres of continuous gold mineralization characterized by higher-grade subintervals. The purpose of these drillholes was two-fold: several holes were infill holes designed to increase the confidence in the Butiá resource (converting the Inferred Resource into the Measured & Indicated categories) and other holes were drilled to potentially increase the gold endowment as explained below. These new results continue to move Lavras Gold toward its short-term corporate goal of defining an economically feasible gold resource on the LDS Project, focused on the Butiá Gold Deposit and the adjacent Fazenda do Posto gold target.HIGHLIGHTSDrillingHole 23BT019 returned: 236.0 metres grading 1.4 g/t gold from surface and including:199.0 metres grading 1.6 g/t gold from 37.0 metres, and including:74.0 metres grading 2.5 g/t gold from 75.0 metres, and including:0.7 metres grading 44.4 g/t gold from 83.3 metres (visible gold),1.0 metres grading 48.3 g/t gold from 94.0 metres (visible gold), and20.00 metres grading 2.4 g/t gold from 195.00 metres.Hole 24BT023 intersected:228.0 metres grading 1.0 g/t gold from surface and including:100.0 metres grading 1.6 g/t gold from 35.0 metres, and including:60.0 metres grading 2.3 g/t gold from 72.0 metres, and including:5.0 metres grading 3.3 g/t gold from 72.0 metres \"We are very excited by the results that we are seeing at Butiá, with these new drilling results continuing to demonstrate the excellent near-surfa...