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Lavras Gold Zeca Souza expansion drilling hits visible gold of 43.6 g/t gold over 4 metres starting near surface
TORONTO, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Lavras Gold Corp. (TSXV: LGC, OTCQB: LGCFF) continues with exploration success at the Zeca Souza Discovery on its LDS
About this update from Lavras Gold Corp
[{"type":"text","content":" TORONTO, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Lavras Gold Corp. (TSXV: LGC, OTCQB: LGCFF) continues with exploration success at the Zeca Souza Discovery on its LDS Project in southern Brazil. Assay results have been received from follow up drilling at Zeca Souza, where an additional 7 drill holes totalling 2,497 metres were completed. This brings the total number of drill holes at the target to 21 and total drilling meterage to 5,291 metres. “We are very pleased with these follow-up drill results from Zeca Souza, where we are seeing more bonanza gold grade near the surface of this recent discovery and at depth in various parts of the target,” said Michael Durose, Lavras Gold’s President and CEO. “The exceptional gold grades associated with visible gold in silicified stockwork style veinlets, together with long intervals of elevated gold values relatively close to surface, suggest a robust gold system at Zeca Souza. “Our next steps will be to follow up on these results to better understand the lateral and vertical continuity of the gold-hosting structures.” Key highlights include: Visible gold, near surface: Hole 23BT004 returned 4.00 metres grading 43.59 g/t gold from 31.00 metres including: 1.00 metre grading 52.30 g/t gold from 31.00 metres 1.00 metre grading 9.28 g/t gold from 32.00 metres 1.00 metre grading 110.50 g/t gold from 33.00 metres 1.00 metre grading 2.28 g/t gold from 34.0 metres.The mineralization consists of visible gold within silicified veinlets in perthitic granite. The estimated vertical depth of this intercept is 26.8 metres. Visible gold, at depth: Hole 23ZS018 intersected 5.00 metres grading 2.62 g/t gold from 264.00 metres including 1.00 metre of visible gold grading 9.07 g/t gold from 267.00 metres.The high-grade interval is associated with visible gold within a larger interval hosting 2-3% disseminated sulphides (pyrite, trace sphalerite, and galena) occurring within cross-cutting silicified veinlets in altered perthitic granite. The estimated vertical depth of this intercept is 230.00 metres. Long interval, visible gold: Hole BT003 returned a long intercept of 32.00 metres grading 1.92 g/t gold from 126.00 metres and included higher grade intervals including: 9.00 metres grading 6.35 g/t gold from 145.00 metres 1.24 metres grading 43.20 g/t gold from 147.60 metres where visible gold was observed. The est...