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Lavras Gold Reports High-Grade Intercept at Caneleira Target in Southern Brazil
Top intercept returns 21.66 g/t gold over 15 metres, including 52.73 g/t gold over 6 metres* T...
About this update from Lavras Gold Corp
[{"type":"text","content":"Lavras Gold Reports High-Grade Intercept at Caneleira Target in Southern BrazilTop intercept returns 21.66 g/t gold over 15 metres, including 52.73 g/t gold over 6 metres*These results reinforce Company's view of district-scale growth and development with this new front at Caneleira and vicinity adding to the Butiá-Fazenda do Posto (\"Butiá-Fazenda\") Project.Significant intersections at Caneleira include: Hole 25CN016 intercepted 21.66 grams per tonne (\"g/t\") gold (\"Au\") over 15 metres (\"m\") from 131m, including 52.73 g/t Au over 6m from 135m and including 132.93 g/t over 2m from 139m; andHole 24CN011 intercepted 0.58 g/t Au over 36m from 23m, including 1.94 g/t Au over 6m from 33m.*Drilled width, true width unknownToronto, Ontario--(Newsfile Corp. - February 24, 2026) - Lavras Gold Corp. (\"Lavras Gold\" or the \"Company\") is pleased to report drill results from its Caneleira Target, located 2 kilometers north of the flagship Butiá-Fazenda do Posto Gold Project (\"Butiá-Fazenda\" or the \"Project\") at the Lavras do Sul Project (\"LDS Project\") in Rio Grande do Sul, Brazil. These results, which are derived from 5,461 metres of diamond drilling in 24 holes, are from drilling (16 holes) (Tables 1 and 3) by Lavras Gold, materially adding to historical results (8 holes) (Tables 2 and 4). previously reported by predecessor company Amarillo Gold Corp.Drilling at Caneleira confirms robust gold mineralization, including high-grade intervals with visible gold, hosted within laterally extensive and strongly hydrothermally altered structural zones that remain open along strike and at depth. While geologically and geochemically distinct from the Butiá-Fazenda system, the style of mineralization demonstrates strong continuity and scale potential. Caneleira holes were drilled in the area which has the largest and most coherent gold-in-soil anomalies within the Company's 23,000-hectare property and includes within its extensive footprint previous discoveries at Zeca Souza, Galvao and Olaria. The Company will extend its drilling campaign in this area through step out drilling as structural alteration and grade trends emerge from current drilling; as well as testing coincident soil geochemistry and recessive topography anomalies, which are known to be important mineralization vectors that the Company has applie...