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Lavras Gold Corp
Mar 3, 2025 at 1:50 PM UTC
Mar 3
Mar 3, 2025 at 1:50 PM UTC
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Lavras Gold Corp. Intersects 1.8 g/t Gold over 123 Metres at Butiá Gold Deposit, LDS Project, Southern Brazil & Provides an Exploration Update

Drilling intersection includes 4.1 g/t gold over 21 meters, including 8.5 g/t gold over 1 metre

Toronto, Ontario--(Newsfile Corp. - March 3, 2025) - Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) ("Lavras Gold" or the "Company") is pleased to release the results from 18 new drill holes testing the Butiá Gold Deposit ("Butiá" or "Butiá Gold Deposit"), located at the western edge of the LDS Project in southern Brazil. Gold mineralization was intersected in all 18 holes reported in this news release at Butiá, which hosts a Mineral Resource Estimate of 377,000 ounces of gold in the Measured and Indicated categories and 115,000 ounces of gold in the Inferred category. Several of these 18 new holes returned more than 100 metres of continuous gold mineralization characterized by higher-grade subintervals. Several holes were designed to increase the confidence in the Butiá gold resource (converting the Inferred Resource into the Measured & Indicated categories) and others to potentially increase the gold endowment as explained below.

The Company has engaged SGS Laboratory in Belo Horizonte, Brazil to complete a comprehensive metallurgical test program for Butiá mineralization with testwork currently underway. These new drill results and initiatives 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.

HIGHLIGHTS
Drilling
Hole 24BT034 returned:

  • 123.0 metres grading 1.8 g/t gold from 69.0 metres, and including:

    • 21.0 metres grading 4.1 g/t gold from 137.0 metres, and including

      • 1.0 metres grading 6.8 g/t gold from 137.0.0 metres,

      • 1.0 metres grading 8.5 g/t gold from 154.0 metres.

    • 2.0 metres grading 5.3 g/t gold from 174.0 metres, and including

      • 1.0 metres grading 5.9 g/t gold from 174.0 metres.

Hole 24BT036 intersected:

  • 191.0 metres grading 1.0 g/t gold from 50.0 metres and including:

    • 2.0 metres grading 2.1 g/t gold from 57.0 m

    • 50.0 metres grading 2.2 g/t gold from 70.0.0 metres, and including:

    • 26.0 metres grading 3.8 g/t gold from 90.0 metres, and including

    • 1.0 metres grading 37.2 g/t gold from 110.0 metres,

    • 15.0 metres grading 1.3 g/t gold from 164.0 metres,

    • 3.0 metres grading 1.3 g/t gold from 191.0 metres,

    • 11.0 metres grading 1.3 g/t gold from 210.0 metres.

"In addition to making new discoveries in this highly prospective gold district, our short-term goal remains the delineation of an economically feasible gold mine on the LDS Project. The results from this new round of drilling are critical to our understanding of the Butiá Gold Deposit and the northeast/southwest trending structures that play a significant role in the pattern and nature of mineralization at Butiá and, ultimately, the 'mineability' of the deposit," commented Lavras Gold President & CEO Michael Durose.

"The new drilling results continue to demonstrate the excellent near-surface gold grade and continuity of the Butiá Gold Deposit. Long continuous intervals of gold mineralization over more than 100 metres typically with higher-grade subintervals and beginning at or near surface confirm the bulk-tonnage nature of Butiá. This drilling has also significantly increased our depth of understanding of the geological controls to mineralization. Part of the on-going drilling program at Butiá is testing the potential for extensions to mineralization based on our increasingly more detailed and evolving geological model. We have also initiated a detailed metallurgical testing program for Butiá as part of the overall derisking strategy for the project.

"An update of drilling results for Fazenda do Posto target is expected as soon as final assay results are received and the geological interpretation is completed. Drilling is on-going in this area as well as to the north on the Caneleira Concession, where we made our most recent discovery, Olaria."

[* Footnote: Butiá hosts an Estimated Mineral Resource of 377,000 ounces of gold in the Measured and Indicated categories and 115,000 ounces of gold in the Inferred category as detailed in the technical report (the "Butiá Technical Report") titled "NI 43-101 Technical Report Mineral Resource for the Butiá Gold Prospect Rio Grande do Sul, Brasil", amended as of November 15, 2024, and originally dated March 21, 2022, with an effective date of January 25, 2022 and prepared for the Corporation by VMG Consultoria e Soluções Ltda, and co-authored by Volodymyr Myadzel, MAIG, as the qualified person responsible for the entire Butiá Technical Report, and Michael C. Durose, P. Geo., and Frank Richard Baker, MIMMM, MAusIMM.]

Discussion of Drill Results - Butiá Deposit

Butiá is the most advanced gold deposit on the LDS Project consisting of the mineral resource as stated above*, located 150 metres east of the recent Fazenda do Posto gold discovery. The purpose of the current drilling program at Butiá is to increase the geological confidence of the existing gold resource by converting a significant portion of inferred geological resources into the measured and indicated categories and to increase the gold endowment of the existing gold resource. Recent drilling results from Butiá were disclosed in the news release dated June 25, 2024. To date, results from 33 Lavras Gold drill holes totaling 9,346 metres of drilling have been disclosed based on the 2023 and 2024 drilling program. This total includes the 18 holes disclosed in this news release (24BT024 to 24BT041). More than 30,000 metres of drilling have been completed at Butiá to date, including historical drilling prior to 2023.

Figure 1 is a general location map for the LDS Project deposits and targets. Details of the locations of the new drill holes can be found in the plan view in Figure 2. A long section looking northeast is shown in Figure 3. Table 1 details all assay results including newly disclosed results in this press release. Table 2 tabulates drill hole information including collar coordinates, drill hole azimuth and drill hole depths.

A primary purpose of the recent drilling was to test the lateral continuity of gold mineralization across a postulated northeast trending structural corridor. Many of the holes were drilled with an azimuth oriented 110 degrees and/or 290 degrees. As shown in Figure 2 and summarized in Table 1, these holes include 24BT034, 24BT036, 24BT037, 24BT039 and 24BT040 and 24BT041. These holes confirm continuous gold mineralization across a northeast trending structure. Gold grades generally increase towards the northwest where sulphide-bearing episyenite is found. Continuous, moderate grade gold is found in the southeast in areas typically associated with mineralized perthitic granite.

Drill holes 24BT034 and 24BT036 confirm good continuous higher grade gold mineralization between vertical holes 23BT016, 23BT019, 24BT023, and 23BT024 that were drilled across a northwest trend and defining continuous gold mineralization from surface to depths of more than 200 metres (see press release June 2024).

Detailed gold assay results by drill hole are summarized in Table 1. The 18 new holes disclosed in this press release are from 24BT024 to 24BT041. Some highlights of the recent drilling results include:

Drill hole 24BT034 was collared 110 metres northwest of drillhole 23BT019 in the north-central portion of the Butiá gold deposit (see Figure 2). The hole was drilled on an azimuth of 110 degrees and inclined 60 degrees. The hole was designed to test the lateral continuity of higher-grade mineralization encountered in vertical hole 23BT019 that returned 236.0 metres grading 1.40 g/t gold from surface (see Figure 3). A long interval of continuous bulk-tonnage disseminated gold mineralization was encountered from 69.0 meters to a depth of 192.0 metres within mineralized episyenite with minor subintervals of perthitic granite as detailed below.

  • Intersected 123.0 metres grading 1.8 g/t gold from 69.0 metres, and including:

    • 21.0 metres grading 4.1 g/t gold from 137.0 metres, and including

    • 1.0 metres grading 6.8 g/t gold from 137.0 metres, and including

    • 1.0 metres grading 7.1 g/t gold from 153.0 metres,

    • 2.0 metres grading 5.3 g/t gold from 174.0 m,

    • 1.0 metres grading 5.9 g/t gold from 174.0 metres

Drill hole 24BT034 confirms continuous gold mineralization across an interpreted northeast trending structure. Significantly, a 21.0 metre subinterval of high-grade gold grading 4.1 g/t gold was encountered in sulphide-bearing episyenite. Several local high-grade intervals of gold ranging from 5.3 g/t gold to 7.1 g/t gold were also found.

Drill hole 24BT036 was collared 140 metres northwest of drillhole 23BT016 and 23BT018 in the central-west portion of the Butiá gold deposit and drilled on an azimuth of 110 degrees and inclined 60 degrees (see Figure 2 & Figure 3). The purpose of this hole was to better understand the nature, grade and continuity of gold mineralization in this portion of the deposit across an interpreted northeast trending structure. Continuous gold mineralization was encountered over long intervals in episyenite and mineralized perthitic granite. Higher-grade subintervals have been observed typically within zones of episyenite hosting pyrite and arsenian pyrite. Cross-cutting chlorite quartz-carbonate sulphide veins with visible gold have also been observed (Figure 4). A summary of assay composites is as follows:

  • Returned 272.0 meters grading 0.80 g/t gold from surface and including:

    • 191.0 metres grading 1.0 g/t gold from 50.0 metres and including:

    • 2.0 metres grading 2.1 g/t gold from 57.0 m

    • 50.0 metres grading 2.2 g/t gold from 70.0.0 metres, and including:

    • 26.0 metres grading 3.8 g/t gold from 26.0 metres, and including

    • 1.0 metres grading 37.2 g/t gold from 110.0m

    • 15.0 metres grading 1.3 g/t gold from 164.0 metres,

    • 3.0 metres grading 1.3 g/t gold from 191.0 metres,

    • 11.0 metres grading 1.3 g/t gold from 210.0 metres.

Hole 24BT036 provides a good indication of long continuous gold mineralization laterally to depths of more than 200 metres, and laterally across a northwest-southeast direction.

Drillhole 24BT040 was collared 70 metres southeast of drill hole 24BT036 in the central portion of Butiá. The hole was drilled on an azimuth of 110 degrees and inclined 60 degrees (see Figure 2 & Figure 3). Continuous gold mineralization was encountered from surface in mineralized episyenite and perthitic granite as highlighted below:

  • 181.0 m grading 0.7 g/t gold from surface and including:

  • 5.0 m grading 1.0 g/t gold from 34.0m

  • 4.0 m grading 2.0 g/t gold from 48.0 m

  • 3.0 m grading 2.1 g/t gold from 55.0 m

  • 6.0 m grading 1.8 g/t gold from 60.0 m

  • 8.0 m grading 2.0 g/t gold from 66.0 m

  • 4.0 m grading 1.4 g/t gold from 84.0 m

  • 3.0 m grading 2.8 g/t gold from 100.0 m

  • 2.0 m grading 1.5 g/t gold from 112.0 m

  • 3.0 m grading 1.0 g/t gold from 156.0 m

  • 1.0 m grading 1.5 g/t gold from 173.0 m

Please refer to Table 1 for more details.

Drill hole 24BT026 was positioned in the east-central portion of the Butiá gold deposit, 140 metres east of vertical drill hole 23BT019. Drill hole 23BT026 was drilled vertically (see Figure 2 & Figure 3). The purpose was to better grasp the nature of the geology and extent of gold mineralization vertically in this portion of the deposit. Multiple long intervals of gold mineralization consisting mainly of disseminated pyrite +- arsenian pyrite within episyenite and perthitic granite occurred from 119.0 metres to a depth of 491.0 metres. Numerous mineralized intervals were encountered. Highlights are shown below. Refer to Table 1 for more detail:

  • 28.0 metres grading 1.4 g/t gold from 167.0 metres and including:

    • 10.0 metres grading 3.5 g/t gold from 167.0 metres and including

    • 1.0 metres grading 30.6 g/t gold from 169.0 metres

  • 14.0 metres grading 0.8 g/t gold from 391.0 metres and including

    • 6.0 metres grading 1.7 g/t gold from 391.0 metres and including

    • 1.0 metre grading 2.6 g/t gold from 393.0 metres and including

    • 1.0 metre grading 5.5 g/t gold from 395.0 m

  • 10.0 metres grading 1.4 g/t gold from 436.0 m and including:

    • 2.0 metres grading 5.7 g/t gold from 439.0 m and including

    • 1.0 metre grading 8.9 g/t gold from 439.0 m and including

Hole 24BT026 was successful in demonstrating the depth potential of mineralization at Butiá.

Drill hole 24BT037 was collared 70 metres southwest of drill hole 24BT040 and drilled on an azimuth of 110 degrees and inclined 60 degrees (see Figure 2 and Figure 3). The purpose was to test the southwestern extension of the deposit. Multiple closely spaced zones of gold mineralization were encountered throughout the hole beginning from 32.0 metres to 331.0 metres. Highlights are as follows:

  • 1.0 metre grading 3.5 g/t gold from 51.0 metres

  • 5.0 metres grading 11.7 g/t gold from 66.0 metres and including

  • 1.0 metre grading 56.9 g/t gold from 67.0 metres

  • 13.0 metres grading 0.5 g/t gold from 78.0 metres including

  • 1.0 metre grading 2.9 g/t gold from, 82.0 metres

  • 11.0 metres grading 1.1 g/t gold from 204.0 metres including

  • 1.0 metre grading 1.7 g/t gold from 204.0 metres and

  • 1.0 metre grading 2.1 g/t gold from 207.0 metres and

  • 1.0 metre grading 1.4 g/t gold from 210.00 metres and

  • 1.0 metre grading 1.3 g/t gold from 212.0 metres and

  • 1.0 metre grading 1.8 g/t gold from 213.0 metres

  • 31.0 metres grading 1.1 g/t gold from 242.0 metres and including

  • 1.0 metres grading 3.9 g/t gold from 248.0 metres and

  • 1.0 metre grading 7.4 g/t gold from 249.0 metres and

  • 1.0 metre grading 5.1 g/t gold from 250.0 metres

Drill hole 24BT038 was positioned along the southeastern edge of the Butiá gold deposit and drilled along an azimuth of 110 degrees at an inclined angle of 60 degrees. The hole encountered 55.0 metres of continuous gold mineralization grading 0.6 g/t gold from 100.0 metres, including several higher-grade subintervals including:

  • 5.0 m grading 2.4 g/t gold from 100.0 metres

  • 8.0 metres grading 1.1 g/t gold from 109.0 metres

  • 2.0 metres grading 1.4 g/t gold from 129.0 metres

  • 1.0 metres grading 1.3 g/t gold from 147.0 metres

Hole 24BT038 was successful in extending the Butiá mineralized footprint to the southeast.

Drill hole 24BT041 was collared in the southeast part of Butiá and drilled along an azimuth of 290 degrees at an inclined angle of 60 degrees. The hole encountered moderate disseminated gold near the top of the hole and better grades at depth. Gold mineralization is hosted within perthitic granite and episyenite. Highlights are detailed below:

  • 2.0 metres grading 0.6 g/t gold from 187.0 metres

  • 1.0 metres grading 0.6 g/t gold from 191.0 metres

  • 4.0 metres grading 0.9 g/t gold from 219.0 m including

  • 1.0 metres grading 1.1 g/t gold from 221.0 metres and

  • 1.0 metres grading 1.8 g/t gold from 222.0 metres

  • 22.0 metres grading 1.2 g/t gold from 233.0 metres including

  • 7.0 metres grading 1.3 g/t gold from 233.0 metres and

  • 1.0 metre grading 1.8 g/t gold from 236.0 metres and

  • 1.0 metre grading 2.3 g/t gold from 238.0 metres and

  • 1.0 metre grading 2.1 g/t gold from 239.0 metres

  • 5.0 metres grading 2.1 g/t gold from 246.0 metres including

  • 1.0 metre grading 3.2 g/t gold from 249.0 metres and

  • 1.0 metre grading 2.2 g/t gold from 250.0 metres

  • 4.0 metres grading 1.0 g/t gold from 253.0 metres including

  • 1.0 metres grading 1.7 g/t gold from 254.0 metres.

Please refer to Table 1 for a complete list of all drill holes and detailed assay results.

Table 1. Summary of Drill Hole Composites from the Butiá Gold Deposit

Drill Hole

From

To

Interval

Gold grade

Comment

(metres)

(metres)

(metres)

(grams/tonne)

23BT005

0.00

37.00

37.00

0.74

Episyenite/Perthitic Granite

Including

4.00

23.00

19.00

1.17

Saprolite

97.00

99.00

2.00

0.32

Perthitic Granite

101.00

103.00

2.00

0.27

Perthitic Granite

23BT009

54.00

58.00

4.00

0.61

Episyenite

73.00

89.00

16.00

0.63

Episyenite

including

74.00

81.00

7.00

1.14

Episyenite

121.00

186.00

65.00

0.51

Episyenite/Perthitic Granite

141.00

159.16

18.16

0.99

Episyenite

including

127.00

131.00

4.00

0.80

Episyenite

including

141.00

149.00

8.00

1.49

Episyenite

including

142.00

145.00

3.00

2.10

Episyenite

including

168.00

172.00

4.00

1.29

Perthitic Granite

including

177.00

178.00

1.00

0.76

Perthitic Granite/Episyenite

including

182.00

186.00

4.00

0.65

Episyenite/Perthitic Granite

208.00

220.00

12.00

0.89

Perthitic Granite

including

208.00

210.00

2.00

1.22

Perthitic Granite

including

214.00

219.00

5.00

1.50

Perthitic Granite

239.00

242.00

3.00

0.45

Perthitic Granite

including

239.00

240.00

1.00

0.81

Perthitic Granite

23BT010

0.00

46.00

46.00

0.48

Episyenite/Perthitic Granite

Including

0.00

9.00

9.00

1.15

Episyenite

Including

17.00

19.00

2.00

1.18

Episyenite

Including

40.00

42.00

2.00

0.58

Perthitic Granite

Including

45.00

46.00

1.00

0.81

Perthitic Granite

61.00

63.00

2.00

0.44

Perthitic Granite

68.00

73.00

5.00

0.30

Perthitic Granite

96.00

100.00

4.00

0.46

Perthitic Granite

including

96.00

97.00

1.00

1.23

Perthitic Granite

110.00

111.00

1.00

0.51

Episyenite

23BT011

12.00

22.00

10.00

0.76

Perthitic Granite

including

13.00

15.00

2.00

2.64

Perthitic Granite

23BT012

67.00

74.00

7.00

0.51

Episyenite

136.00

246.00

110.00

0.71

Episyenite

Including

142.00

147.00

5.00

1.27

Episyenite

Including

142.00

144.00

2.00

2.68

Episyenite

Including

154.00

174.00

20.00

1.59

Episyenite

Including

154.00

157.00

3.00

4.20

Episyenite

Including

163.00

166.00

3.00

6.06

Episyenite

Including

179.00

182.00

3.00

2.77

Episyenite

Including

191.00

193.00

2.00

4.08

Episyenite

Including

205.00

206.00

1.00

0.90

Episyenite

Including

218.00

220.69

2.69

1.12

Episyenite

Including

227.00

229.00

2.00

0.83

Episyenite

Including

231.50

233.51

2.01

0.80

Episyenite

Including

240.18

242.02

1.84

1.27

Episyenite

Including

243.30

244.00

0.70

1.11

Episyenite

253.53

255.37

1.84

1.59

Perthitic Granite

313.00

332.00

19.00

0.60

Perthitic Granite

Including

325.00

327.00

2.00

1.73

Perthitic Granite

Including

329.00

331.00

2.00

1.43

Perthitic Granite

23BT013

4.00

5.00

1.00

0.44

Perthitic granite

15.00

19.00

4.00

0.30

Perthitic granite

53.00

55.00

2.00

0.35

Perthitic granite

56.00

57.00

1.00

0.26

Perthitic granite

61.00

62.00

1.00

0.44

Perthitic granite

71.00

72.00

1.00

0.60

Perthitic granite

107.00

109.00

2.00

0.34

Perthitic granite

119.00

192.00

73.00

0.74

Episyenite

including

136.00

171.00

35.00

1.18

Episyenite

including

136.00

139.00

3.00

1.00

Episyenite

including

146.00

158.00

12.00

1.54

Episyenite

including

146.00

149.00

3.00

2.21

Episyenite

200.00

201.00

1.00

0.91

Episyenite

202.00

203.00

1.00

0.32

Episyenite

207.00

210.00

3.00

0.59

Episyenite

215.00

217.00

2.00

0.34

Episyenite

218.00

221.00

3.00

1.88

Perthitic granite

225.00

228.00

3.00

0.46

Perthitic granite

231.00

233.00

2.00

0.40

Perthitic granite

236.00

237.00

1.00

0.25

Perthitic granite

245.00

246.00

1.00

0.25

Perthitic granite

248.00

249.00

1.00

0.34

Perthitic granite

257.00

258.00

1.00

0.35

Perthitic granite

23BT014

43.00

47.00

4.00

0.45

Perthitic granite

84.00

85.00

1.00

0.32

Perthitic granite

182.62

185.00

2.38

0.72

Perthitic granite

215.00

216.00

1.00

0.36

Perthitic granite

250.00

260.00

10.00

1.45

Episyenite, vg, gln

23BT015

161.33

162.45

1.12

0.27

Perthitic Granite

182.00

184.00

2.00

0.29

Perthitic Granite

242.00

243.00

1.00

0.24

Perthitic Granite

269.00

274.00

5.00

0.62

Perthitic Granite

including

272.00

273.00

1.00

1.73

Perthitic Granite

23BT016

0.00

160.00

160.00

1.04

Episyenite

including

0.00

109.00

109.00

1.36

Episyenite

including

25.00

54.00

29.00

2.90

Episyenite

including

29.00

34.00

5.00

4.65

Episyenite

including

30.00

48.00

18.00

3.22

Episyenite

183.00

187.00

4.00

0.34

208.00

224.00

16.00

1.03

Episyenite

including

208.00

214.00

6.00

2.06

Episyenite

256.00

257.00

1.00

0.25

Episyenite

263.00

264.00

1.00

0.29

Episyenite

266.00

267.00

1.00

0.28

Episyenite

270.00

287.00

17.00

0.43

Episyenite

292.00

293.00

1.00

0.28

Episyenite

316.00

323.00

7.00

0.35

Episyenite

23BT017

80.00

133.00

53.00

0.54

including

107.00

115.00

8.00

0.99

Episyenite

including

119.00

124.00

5.00

1.48

Episyenite

including

130.00

132.00

2.00

2.53

Episyenite

23BT018

0.00

221.00

221.00

0.81

Episyenite +/- PG

including

0.00

130.00

130.00

1.15

Episyenite +/- PG

including

32.00

42.00

10.00

1.60

Episyenite

including

47.00

57.00

10.00

1.42

Episyenite

including

117.00

125.00

8.00

3.53

Episyenite +/- PG

23BT019

0.00

236.00

236.00

1.35

Episyenite +/- PG

including

1.00

2.00

1.00

1.57

Saprolite

including

37.00

236.00

199.00

1.56

Episyenite +/- PG

including

75.00

149.00

74.00

2.45

Episyenite +/- PG

including

83.31

84.00

0.69

44.40

Visible gold in QV

including

94.00

95.00

1.00

48.30

Visible gold in QV

including

161.00

176.00

15.00

2.09

Episyenite +/- PG

including

185.00

187.86

2.86

3.66

Episyenite

including

195.00

215.00

20.00

2.35

Episyenite +/- PG

24BT020

71.00

72.00

1.00

1.18

PG

24BT021

0.00

3.00

3.00

0.63

Saprolite

22.00

99.00

77.00

0.37

PG +/- Episyenite

including

22.00

25.00

3.00

0.59

PG

including

22.00

23.00

1.00

1.25

PG

including

59.00

99.00

40.00

0.55

PG +/- Episyenite

including

59.00

60.00

1.00

0.54

PG

including

66.00

67.00

1.00

1.04

Metasomatite

including

72.00

96.00

24.00

0.69

PG

108.00

110.00

2.00

0.25

PG

24BT022

34.00

39.00

5.00

0.23

PG

including

34.00

35.00

1.00

0.69

PG

including

38.00

39.00

1.00

0.32

PG

24BT023

0.00

228.00

228.00

1.03

Episyenite +/- PG

including

35.00

135.00

100.00

1.64

Episyenite

including

72.00

228.00

156.00

1.30

Episyenite +/- PG

Including

72.00

213.00

141.00

1.37

Episyenite +/- PG

including

72.00

170.00

98.00

1.71

Episyenite +/- PG

including

72.00

132.00

60.00

2.31

Episyenite +/- PG

including

72.00

92.00

20.00

2.58

Episyenite

including

72.00

77.00

5.00

3.25

Episyenite

including

77.00

82.00

5.00

3.15

Episyenite

including

87.00

92.00

5.00

3.00

Episyenite

24BT024

0.00

1.00

1.00

0.65

Soil

6.00

7.00

1.00

0.34

Saprolite

24.00

30.00

6.00

0.33

Perthitic Granite

32.00

33.00

1.00

0.25

Perthitic Granite

45.00

51.00

6.00

3.89

Episyenite

including

47.00

48.00

1.00

2.87

Episyenite

including

48.00

49.00

1.00

19.58

Episyenite

120.00

122.00

2.00

0.37

Perthitic Granite

139.00

173.00

34.00

0.28

Perthitic Granite

including

157.00

158.00

1.00

0.54

Perthitic Granite

including

163.00

164.00

1.00

1.10

Perthitic Granite

including

170.00

173.00

3.00

0.68

Perthitic Granite

189.00

191.00

2.00

0.28

Perthitic Granite

220.00

224.00

4.00

0.78

Episyenite

including

220.00

221.00

1.00

2.62

Episyenite

227.00

258.00

31.00

0.23

Episyenite

including

228.00

236.00

8.00

0.35

Episyenite

including

248.00

250.00

2.00

0.33

Episyenite

including

253.00

254.00

1.00

0.67

Episyenite

266.00

278.00

12.00

0.32

Perthitic Granite

24BT025

0.00

59.00

59.00

0.39

Perthitic Granite

including

5.00

6.00

1.00

0.30

Perthitic Granite

including

10.00

12.00

2.00

0.64

Perthitic Granite

including

16.00

17.00

1.00

0.37

Perthitic Granite

including

19.00

20.11

1.11

0.38

Perthitic Granite

including

23.00

25.00

2.00

0.44

Perthitic Granite

including

32.00

33.00

1.00

0.25

Perthitic Granite

including

41.00

58.00

17.00

0.89

Perthitic Granite

and

46.00

52.00

6.00

1.62

Perthitic Granite

and

46.00

47.00

1.00

4.03

Perthitic Granite

and

50.00

51.00

1.00

3.51

Perthitic Granite

and

57.00

58.00

1.00

1.82

Perthitic Granite

including

83.00

99.00

16.00

0.43

Perthitic Granite

and

88.00

89.00

1.00

1.87

Perthitic Granite

and

91.00

92.00

1.00

1.00

Perthitic Granite

including

139.00

140.00

1.00

0.23

Perthitic Granite

including

167.00

173.00

6.00

0.26

Perthitic Granite

24BT026

96.00

97.00

1.00

0.45

Perthitic Granite

119.00

133.00

14.00

0.23

Perthitic Granite

including

119.00

121.00

2.00

0.40

Perthitic Granite

including

122.00

124.00

2.00

0.40

Perthitic Granite

including

130.00

133.00

3.00

0.34

Perthitic Granite

149.00

150.00

1.00

0.64

Perthitic Granite

155.00

156.00

1.00

1.11

Perthitic Granite

160.00

161.00

1.00

0.28

Perthitic Granite

167.00

195.00

28.00

1.39

Episyenite/Perthitic Granite

including

167.00

177.00

10.00

3.46

Episyenite/Perthitic Granite

and

169.00

170.00

1.00

30.57

Episyenite/Perthitic Granite

and

176.00

177.00

1.00

1.51

Episyenite/Perthitic Granite

203.00

227.00

24.00

0.30

Perthitic Granite

including

205.00

207.00

2.00

1.64

Perthitic Granite

including

212.00

217.00

5.00

0.36

Perthitic Granite

234.00

235.00

1.00

0.27

Perthitic Granite

239.00

249.00

10.00

0.32

Episyenite

including

240.00

241.00

1.00

0.69

Episyenite

including

243.00

244.00

1.00

0.70

Episyenite

including

246.00

247.00

1.00

0.68

Episyenite

249.00

250.00

1.00

0.33

Episyenite

254.00

255.00

1.00

0.27

Episyenite

271.00

281.00

10.00

0.50

Episyenite

including

272.00

274.00

2.00

1.48

Episyenite

and

272.00

273.00

1.00

2.05

Episyenite

303.00

305.00

2.00

0.34

Perthitic Granite

381.00

384.00

3.00

0.25

Episyenite

including

383.00

384.00

1.00

0.45

Episyenite

391.00

405.00

14.00

0.80

Episyenite

including

391.00

397.00

6.00

1.66

Episyenite

and

393.00

394.00

1.00

2.61

Episyenite

and

395.00

396.00

1.00

5.45

Episyenite

412.00

414.00

2.00

0.29

Perthitic Granite

436.00

446.00

10.00

1.41

Episyenite

including

439.00

441.00

2.00

5.72

Episyenite

including

439.00

440.00

1.00

8.86

Episyenite

488.00

491.00

3.00

0.29

Perthitic Granite

24BT027

128.00

129.00

1.00

0.70

Perthitic Granite

146.00

148.00

2.00

0.90

Perthitic Granite

including

147.00

148.00

1.00

1.59

Perthitic Granite

326.00

342.00

16.00

0.40

Episyenite

including

332.00

339.00

7.00

0.56

Episyenite

333.00

334.00

1.00

0.82

Episyenite

337.00

338.00

1.00

0.84

Episyenite

24BT028

43.00

44.00

1.00

0.26

Perthitic Granite

98.00

100.00

2.00

0.23

Perthitic Granite

187.00

188.00

1.00

0.25

Perthitic Granite

24BT029

24.02

26.00

1.98

0.64

Perthitic Granite

24BT030

162.00

164.00

2.00

5.87

Monzogranite

including

162.00

163.00

1.00

11.40

Monzogranite

280.00

281.00

1.00

3.22

Monzogranite

317.00

318.00

1.00

0.22

Monzogranite

24BT031

1.00

30.00

29.00

0.46

Episyenite

including

15.00

17.00

2.00

0.73

Episyenite

including

15.00

29.00

14.00

0.76

Episyenite

and

21.00

25.00

4.00

0.92

Episyenite

34.00

70.00

36.00

0.15

Perthitic Granite

including

34.00

35.00

1.00

0.46

Perthitic Granite

60.00

62.00

2.00

0.28

Perthitic Granite

63.00

64.00

1.00

0.24

Perthitic Granite

76.00

78.00

2.00

0.12

Perthitic Granite

93.00

95.00

2.00

0.19

Perthitic Granite

99.00

102.00

3.00

0.17

Perthitic Granite

108.00

109.00

1.00

0.32

Perthitic Granite

24BT032

195.00

228.00

33.00

0.23

Perthitic Granite/Episyenite

including

213.00

215.00

2.00

0.61

Episyenite

including

216.00

217.00

1.00

0.26

Episyenite

including

220.00

221.00

1.00

0.27

Episyenite

including

222.00

223.00

1.00

0.26

Episyenite

including

223.00

224.00

1.00

1.57

Episyenite

including

224.00

225.00

1.00

0.44

Episyenite

including

227.00

228.00

1.00

0.26

Perthitic Granite

368.00

369.00

1.00

0.26

Episyenite

396.00

398.00

2.00

0.39

Episyenite

411.00

412.00

1.00

0.27

Episyenite

24BT033

2.00

31.29

29.29

0.71

Episyenite

including

3.00

6.00

3.00

0.84

Episyenite

and

4.00

5.00

1.00

1.21

Episyenite

15.00

16.00

1.00

0.77

Episyenite

24.00

30.00

6.00

2.15

Episyenite

including

29.00

30.00

1.00

6.82

Episyenite

88.00

89.00

1.00

0.24

Perthitic Granite

100.00

106.00

6.00

0.13

Perthitic Granite

133.00

134.00

1.00

0.15

Perthitic Granite

24BT034

24.00

25.00

1.00

0.48

Perthitic Granite

60.00

62.00

2.00

0.26

Episyenite

69.00

192.00

123.00

1.76

Perthitic Granite/Episyenite

including

101.00

102.00

1.00

3.97

Perthitic Granite

including

118.00

120.00

2.00

3.62

Perthitic Granite

including

123.00

124.00

1.00

3.75

Episyenite

137.00

158.00

21.00

4.06

Episyenite

including

137.00

138.00

1.00

6.77

Episyenite

including

142.00

143.00

1.00

4.24

Episyenite

including

147.00

148.00

1.00

5.32

Episyenite

including

148.00

149.00

1.00

3.64

Episyenite

including

149.00

150.00

1.00

1.00

Episyenite

including

150.00

151.00

1.00

2.61

Episyenite

including

151.00

152.00

1.00

3.96

Episyenite

including

152.00

153.00

1.00

4.26

Episyenite

including

153.00

154.00

1.00

7.06

Episyenite

including

154.00

155.00

1.00

8.47

Episyenite

including

155.00

156.00

1.00

5.06

Episyenite

including

156.00

157.00

1.00

5.85

Episyenite

165.00

168.00

3.00

4.82

Episyenite

including

165.00

166.00

1.00

5.04

Episyenite

including

166.00

167.00

1.00

5.46

Episyenite

174.00

176.00

2.00

5.31

Episyenite

Including

174.00

175.00

1.00

5.89

Episyenite

180.00

181.00

1.00

4.43

Episyenite

206.00

207.00

1.00

4.99

Episyenite

227.00

229.00

2.00

0.28

Episyenite

275.00

281.00

6.00

0.25

Episyenite

287.00

288.00

1.00

0.32

Perthitic Granite

24BT035

7.00

15.00

8.00

0.30

Perthitic Granite

18.00

20.00

2.00

0.22

Perthitic Granite

23.00

24.00

1.00

0.40

Perthitic Granite

25.00

26.00

1.00

0.24

Perthitic Granite

92.00

104.00

12.00

0.27

Episyenite

109.00

110.00

1.00

0.28

Perthitic Granite

112.00

113.00

1.00

0.29

Perthitic Granite

24BT036

0.00

272.00

272.00

0.80

Perthitic Granite/Episyenite

6.00

7.00

1.00

0.27

Perthitic Granite

16.00

17.00

1.00

1.08

Perthitic Granite

23.00

27.00

4.00

0.39

Perthitic Granite

33.00

34.00

1.00

11.86

Perthitic Granite

50.00

51.00

1.00

0.33

Episyenite

57.00

59.00

2.00

2.06

Episyenite

64.00

65.00

1.00

1.17

Episyenite

65.00

90.00

25.00

0.54

Episyenite

90.00

91.00

1.00

1.09

Episyenite

90.00

116.00

26.00

3.75

Episyenite

including

110.00

111.00

1.00

37.23

Episyenite

including

114.00

115.00

1.00

11.40

Episyenite

including

115.00

116.00

1.00

24.80

Episyenite

118.00

127.00

9.00

0.37

Episyenite

131.00

134.00

3.00

0.26

Episyenite

147.00

148.00

1.00

2.12

Episyenite

156.00

164.00

8.00

0.65

Episyenite

164.00

179.00

15.00

1.32

Episyenite

including

170.00

171.00

1.00

2.24

Episyenite

including

174.00

179.00

5.00

2.01

Episyenite

179.00

191.00

12.00

0.53

Episyenite

191.00

194.00

3.00

1.30

Episyenite

194.00

204.00

10.00

0.55

Episyenite

204.00

206.00

2.00

0.98

Episyenite

206.00

210.00

4.00

0.43

Episyenite

210.00

221.00

11.00

1.33

Episyenite

221.00

241.00

20.00

0.27

Episyenite

241.00

282.00

41.00

0.22

Episyenite

including

259.00

260.00

1.00

0.35

Perthitic Granite

including

280.00

282.00

2.00

3.04

Perthitic Granite

24BT037

32.00

34.00

2.00

0.29

Perthitic Granite

46.00

47.00

1.00

0.26

Perthitic Granite

50.00

53.00

3.00

1.26

Perthitic Granite

including

51.00

52.00

1.00

3.49

Perthitic Granite

66.00

71.00

5.00

11.70

Perthitic Granite

including

67.00

68.00

1.00

56.93

Perthitic Granite

71.00

76.00

5.00

0.17

Episyenite

78.00

91.00

13.00

0.47

Perthitic Granite

including

82.00

83.00

1.00

2.92

Perthitic Granite

95.00

97.00

2.00

0.24

Perthitic Granite

101.00

103.00

2.00

0.39

Perthitic Granite

104.00

114.00

10.00

0.16

Perthitic Granite

116.00

130.00

14.00

0.42

Perthitic Granite

including

121.00

122.00

1.00

0.90

Perthitic Granite

150.00

153.00

3.00

0.46

Perthitic Granite

153.00

168.00

15.00

0.13

Perthitic Granite

169.00

172.00

3.00

0.25

Perthitic Granite

179.00

183.00

4.00

0.27

Perthitic Granite

193.00

194.00

1.00

0.57

Perthitic Granite

204.00

215.00

11.00

1.09

Perthitic Granite

including

204.00

205.00

1.00

1.67

Perthitic Granite

including

207.00

208.00

1.00

2.12

Perthitic Granite

210.00

211.00

1.00

1.38

Perthitic Granite

212.00

213.00

1.00

1.28

Perthitic Granite

213.00

214.00

1.00

1.80

Perthitic Granite

229.00

230.00

1.00

0.26

Perthitic Granite

230.00

238.00

8.00

0.11

Perthitic Granite

238.00

239.00

1.00

0.26

Perthitic Granite

242.00

273.00

31.00

1.07

Episyenite

including

245.00

246.00

1.00

2.37

Episyenite

including

246.00

247.00

1.00

1.08

Episyenite

including

247.00

248.00

1.00

1.74

Episyenite

including

248.00

249.00

1.00

3.85

Episyenite

including

249.00

250.00

1.00

7.40

Episyenite

including

250.00

251.00

1.00

5.11

Episyenite

including

251.00

252.00

1.00

2.04

Episyenite

including

252.00

253.00

1.00

1.77

Episyenite

320.00

331.00

11.00

0.15

Perthitic Granite

24BT038

100.00

155.00

55.00

0.61

Episyenite/Perthitic Granite

including

100.00

105.00

5.00

2.40

Episyenite

including

109.00

117.00

8.00

1.10

Episyenite

including

129.00

131.00

2.00

1.43

Perthitic Granite

including

147.00

148.00

1.00

1.28

Perthitic Granite

24BT039

9.00

15.00

6.00

0.45

Perthitic Granite

17.32

27.00

9.68

0.27

Perthitic Granite

27.00

36.00

9.00

0.09

Perthitic Granite

42.00

47.00

5.00

0.27

Perthitic Granite

53.00

57.00

4.00

0.36

Perthitic Granite

58.00

59.00

1.00

0.19

Perthitic Granite

61.00

67.00

6.00

7.84

Perthitic Granite

including

65.00

66.00

1.00

45.90

Perthitic Granite

76.00

80.00

4.00

0.74

Perthitic Granite

102.00

107.00

5.00

0.76

Perthitic Granite

138.00

139.00

1.00

0.18

Episyenite

140.00

143.00

3.00

0.27

Episyenite

146.00

150.00

4.00

0.14

Episyenite

150.00

152.00

2.00

0.22

Episyenite

154.00

155.00

1.00

0.10

Episyenite

155.00

159.00

4.00

0.28

Episyenite

159.00

165.00

6.00

0.14

Episyenite

174.00

177.00

3.00

0.15

Episyenite

177.00

178.00

1.00

0.28

Episyenite

178.00

184.00

6.00

0.18

Episyenite

184.00

185.00

1.00

0.38

Perthitic Granite

185.00

188.00

3.00

0.14

Perthitic Granite

194.00

195.00

1.00

0.20

Perthitic Granite

197.00

198.00

1.00

0.33

Perthitic Granite

207.00

210.00

3.00

0.16

Perthitic Granite

24BT040

0.00

181.00

181.00

0.74

Episyenite

including

0.00

34.00

34.00

0.50

Episyenite

34.00

39.00

5.00

0.96

Episyenite

39.00

42.00

3.00

0.45

Episyenite

47.00

48.00

1.00

0.22

Episyenite

48.00

52.00

4.00

2.01

Episyenite

52.00

55.00

3.00

0.71

Episyenite

55.00

58.00

3.00

2.11

Episyenite

58.00

60.00

2.00

0.58

Episyenite

60.00

66.00

6.00

1.81

Episyenite

66.00

74.00

8.00

2.00

Episyenite

74.00

77.00

3.00

0.77

Episyenite

81.00

84.00

3.00

0.56

Episyenite

84.00

88.00

4.00

1.35

Episyenite

88.00

90.00

2.00

0.19

Episyenite

91.00

94.00

3.00

0.75

Episyenite

94.00

100.00

6.00

0.25

Episyenite

100.00

103.00

3.00

2.75

Episyenite

103.00

112.00

9.00

0.63

Episyenite

112.00

114.00

2.00

1.51

Episyenite

114.00

121.00

7.00

0.66

Episyenite

123.00

132.00

9.00

0.68

Episyenite

134.00

152.00

18.00

0.41

Episyenite

152.00

155.00

3.00

0.19

Episyenite

156.00

159.00

3.00

0.97

Episyenite

158.00

173.00

15.00

0.33

Episyenite

173.00

174.00

1.00

1.45

Episyenite

174.00

181.00

7.00

0.20

Episyenite

188.00

190.00

2.00

0.15

Perthitic Granite

215.00

217.00

2.00

0.31

Perthitic Granite

24BT041

0.00

7.00

7.00

0.16

Perthitic Granite

80.00

81.00

1.00

0.35

Perthitic Granite

82.00

86.00

4.00

0.16

Perthitic Granite

86.00

88.00

2.00

0.27

Perthitic Granite

93.00

95.00

2.00

0.28

Perthitic Granite

97.00

107.00

10.00

0.15

Perthitic Granite

123.00

125.00

2.00

0.14

Perthitic Granite

129.00

139.00

10.00

0.20

Perthitic Granite

146.00

160.00

14.00

0.11

Perthitic Granite

160.00

164.00

4.00

0.25

Perthitic Granite

173.00

192.00

19.00

0.19

Perthitic Granite

187.00

189.00

2.00

0.58

Perthitic Granite

191.00

192.00

1.00

0.56

Perthitic Granite

193.00

194.00

1.00

0.23

Perthitic Granite

196.00

210.00

14.00

0.14

Perthitic Granite

216.00

219.00

3.00

0.12

Perthitic Granite

219.00

223.00

4.00

0.88

Episyenite

including

221.00

222.00

1.00

1.11

Episyenite

including

222.00

223.00

1.00

1.82

Episyenite

229.00

230.00

1.00

0.13

Episyenite

233.00

255.00

22.00

1.15

Episyenite

including

233.00

240.00

7.00

1.26

Episyenite

including

235.00

236.00

1.00

1.10

Episyenite

including

236.00

237.00

1.00

1.82

Episyenite

including

238.00

239.00

1.00

2.27

Episyenite

including

239.00

240.00

1.00

2.13

Episyenite

240.00

246.00

6.00

0.32

Episyenite

246.00

251.00

5.00

2.10

Episyenite

including

249.00

250.00

1.00

3.15

Episyenite

250.00

251.00

1.00

2.22

Episyenite

251.00

255.00

4.00

1.03

Episyenite

including

253.00

254.00

1.00

1.67

Episyenite

including

254.00

255.00

1.00

1.03

Episyenite

255.00

272.00

17.00

0.34

Episyenite

361.00

362.00

1.00

0.23

Perthitic Granite

  • Assumes 0.25 g/t gold cut-off grade, no top cut.

  • The Company has been targeting larger intersections of greater than 0.25 g/t gold. Intersections lower than this threshold may provide exploration insight and may therefore be disclosed.

  • Intervals represent drill core interval; true widths have not been determined at this time.

  • PG = Perthitic Granite

Table 2. Butiá Drill Hole Coordinates

Drill Hole

Easting

Northing

Elevation
Azimuth
(m)

(Degrees)

Dip
(degrees)

Start
Depth
(metres)

Final Depth (metres)

23BT005

217984

6586490

387

20

-60

0

230.19

23BT009

218119

6586240

407

20

-60

0

252.95

23BT010

217984

6586486

387

200

-60

0

159.79

23BT011

218022

6586572

382

20

-60

0

200.55

23BT012

218043

6586240

407

20

-60

0

358.13

23BT013

218095

6586397

400

0

-90

0

317.87

23BT014

217999

6586257

410

20

-60

0

331.33

23BT015

218125

6586212

404

20

-60

0

294.37

23BT016

218152

6586454

393

200

-60

0

357.66

23BT017

217973

6586670

383

200

-60

0

253.74

23BT018

218152

6586456

393

0

-90

0

256.36

23BT019

218102

6586534

385

0

-90

0

276.54

24BT020

218187

6586357

398

200

-60

0

76.35

24BT021

218171

6586366

397

20

-60

0

125.93

24BT022

218222

6586349

396

20

-60

0

78.72

24BT023

218126

6586494

389

0

-90

0

275.96

24BT024

218178

6586472

381

0

-90

0

293.83

24BT025

218106

6586305

375

0

-90

0

279.88

24BT026

218239

6586517

378

0

-90

0

517.04

24BT027

218174

6586763

365

200

-60

0

453.92

24BT028

218338

6586314

384

200

-60

0

198.16

24BT029

218033

6586259

395

0

-90

0

210.91

24BT030

218952

6586467

345

200

-60

0

363.55

24BT031

217987

6586538

377

0

-90

0

235.80

24BT032

217965

6586666

377

0

-90

0

559.11

24BT033

217971

6586489

382

0

-90

0

200.32

24BT034

218006

6586584

374

110

-60

0

363.59

24BT035

218006

6586584

374

0

-90

0

153.67

24BT036

218031

6586516

378

110

-60

0

302.52

24BT037

218008

6586415

391

110

-60

0

346.09

24BT038

218133

6586313

397

110

-60

0

198.20

24BT039

218047

6586404

393

110

-60

0

221.80

24BT040

218062

6586455

392

110

-60

0

231.86

24BT041

218167

6586312

395

290

-60

0

369.30

Figure 1 – LDS Project Deposit and Target Locations

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10429/243028_f9125ca14474688a_002full.jpg

Figure 2. Plan View of 2023 and 2024 Butiá Drill Holes and Gold Assay Grades

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10429/243028_f9125ca14474688a_003full.jpg

Figure 3. Long-Section Looking Northeast of 2023 and 2024 Butiá Drill Holes and Gold Assay Grades

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10429/243028_f9125ca14474688a_004full.jpg

Figure 4. Visible Gold from Drill hole 24BT036 showing visible gold specks (bright yellow) scattered throughout the sample. The gold occurs within a cross-cutting chlorite carbonate veinlet and is associated with pyrite (metallic yellow) and galena (gray). This sample from Drill hole 24BT036 spans the interval 115.0 metres to 116.0 metres and grades 24.8 g/t gold.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10429/243028_f9125ca14474688a_005full.jpg

About the LDS Project

The LDS Project is centred on the town of Lavras do Sul in Rio Grande do Sul, Brazil. It is approximately 320 kilometres, or a 4.5-hour drive, from the state capital of Porto Alegre. The Company, through its subsidiary, holds directly or indirectly, contractual interests over 34 mineral rights covering approximately 23,000 hectares.

The LDS intrusive complex is a multiphase intrusive centre that is surrounded by coeval volcanic rocks to the east. Geologically, LDS is in the far south of the Neoproterozoic Mantiqueira Province, a 2,700-kilometre-long belt of tectonically and magmatically accreted terrains that stretch as far south as the coastline of central Uruguay and north into southern Bahia State in Brazil. The most advanced targets are the Butiá and Cerrito gold deposits - Butiá with 377,000 ounces of gold in the Measured and Indicated categories and 115,000 ounces of gold in the Inferred category, and Cerrito with 188,000 ounces of gold in the Indicated category and 293,000 ounces of gold in the Inferred category.

About Lavras Gold Corp.

Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) is a Canadian exploration company focused on realizing the potential of a highly prospective gold district in southern Brazil. Its Lavras do Sul Project is located in Rio Grande do Sul State and is primarily an intrusive hosted gold system of possible alkaline affinity. More than 24 gold prospects centred on historic gold workings have been identified on the property, which spans approximately 23,000 hectares. Follow Lavras Gold on www.lavrasgold.com, as well as on LinkedIn, Twitter, and YouTube.

Michael Durose, President & CEO of Lavras Gold Corp., is the qualified person ("QP") as defined by Canadian National Instrument 43-101, and has reviewed and approved the technical information contained in this release.

On Behalf of Lavras Gold Corp.

"Michael Durose"

President & CEO

For further information, please visit the Lavras Gold Corp. website at www.lavrasgold.com, or contact:

Michael Durose, President & CEO or Naomi Nemeth, VP Investor Relations
Phone: +1-289-624-1343 or +1-289-624-1377
Email: [email protected]
Website: www.lavrasgold.com
X (Twitter): @LavrasGold
LinkedIn: Lavras Gold Corp.
YouTube

Additional Technical Notes:

Quality Assurance & Quality Control: For the Butiá Gold Deposit, sample handling, preparation, and analysis are monitored through the implementation of formal chain-of-custody procedures and quality assurance/quality control programs designed to follow industry best practices.

All drill hole samples in this drilling program consist of split NQ diamond drill core. Drill core is logged and sampled in a secure facility located in Lavras do Sul, Rio Grande do Sul State, Brazil. Drill core samples for gold assay are cut in half using a diamond saw and submitted to ALS Laboratories Inc. in Goiania, Goiás State, Brazil for preparation by crushing to 85% passing 1.0 mm, riffle splitting to obtain 500 g aliquots, and pulverizing to 85% passing 75 microns.

Pulps are shipped to ALS Laboratories Inc. in Lima, Peru and analyzed by a 50g fire assay and AAS finish. Three 50g aliquots are taken for samples in the mineralized zone and one aliquot is taken in fresh rocks. The average grade of the three aliquots is used to determine the final grade of the mineralized sample.
Certified standards, non-certified blanks and field duplicates are inserted into the sample stream at regular intervals, so that QA/QC accounted for about 10% of the total samples. Results are routinely evaluated for accuracy, precision, and contamination.

Lavras Gold has been targeting larger intersections of greater than 0.25 g/t gold. Intersections that are lower than this threshold may provide exploration insight and may therefore be disclosed. The Company maintains a robust QAQC program that includes the collection and analysis of duplicate samples and the insertion of blanks and standards (certified reference material).

Disclaimer: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking statements: This news release includes certain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively "forward-looking statements"). Forward-Looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company's further 2025 drill plans and future results at the LDS Project are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-Looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243028