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Lavras Gold’s Zeca Souza Drilling Returns Bonanza Gold Grades
Assays include 28.2 g/t gold over 3 metres within a broader zone of 5.8 g/t gold over 15 metres TORONTO, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Lavras Gold Corp. (T
About this update from Lavras Gold Corp
[{"type":"text","content":" Assays include 28.2 g/t gold over 3 metres within a broader zone of 5.8 g/t gold over 15 metres TORONTO, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Lavras Gold Corp. (TSXV: LGC) has made an important new gold discovery at its LDS Project in southern Brazil. Assay results have been received from inaugural drilling at Zeca Souza, where all 14 drillholes encountered at least one but more typically multiple intercepts of gold generally starting at or near surface. Several holes bottomed in gold mineralization and require follow-up work. Zeca Souza is one of 23 known gold targets at the LDS Project and is located 2.1 kilometres north of the Butiá Deposit (see Figure 1). Butiá hosts an NI 43-101 compliant near-surface gold resource of about 500,000 ounces, as detailed in the NI 43-101 Technical Report Mineral Resource for Butiá Gold Prospect dated and effective January 25, 2022. The report was prepared by VMG Consultoria e Soluções Ltda. for Lavras Gold Corp. and is available on www.sedar.com under Lavras Gold’s issuer profile. Key highlights include: Visible Gold: Hole 22ZS011 intersected 15.00 metres grading 5.78 g/t gold from 103 metres, including 3.00 metres at 28.24 g/t gold from 115 metres, which in turn included 1.34 metres at 59.60 g/t gold from 115.0 metres.The high-grade zone is associated with visible gold and 2-3% disseminated sulphides (pyrite, trace sphalerite, and galena) occurring within cross-cutting silicified veinlets within altered perthitic granite. The estimated vertical depth of this intercept is 100 metres. Visible Gold: Hole 22ZS014 returned 43.50 g/t gold over 0.76 metres from 170.24 metres. Visible gold was observed in cross-cutting silicified veinlets within altered perthitic granites. The estimated vertical depth of this intercept is 147.5 metres.This hole also returned a long intercept of 33 metres grading 0.53 g/t gold from 88 metres and included higher grade intervals including 5 metres grading 1.04 g/t gold from 108 metres, and 2 metres grading 3.67 g/t gold from 119.00 metres. High-grade, good width: Hole 20ZS003 returned 5.00 metres grading 1.73 g/t gold from 152.00 metres including 3.25 g/t gold over 2.50 metres from 154.5 metres. The mineralization consists of silicified perthitic granite with 2-3% disseminated pyrite. The estimated vertical depth of this intercept is 132.00 metres and the hole is open at...