Lavras Gold Expands Drilling at LDS Project in Brazil, Highlights Almeria Discovery

Lavras Gold Corp. is expanding its drilling activities at the Lavras do Sul Project in Brazil, having reported significant discoveries, including 56 meters at 1 gram per ton of gold at Almeria. In 2024, the company plans to drill 17,000 meters in critical areas and further explore mineralization limits. Focused on infill drilling and ongoing metallurgical tests, Lavras Gold seeks to grow its potential resources and drive future exploration efforts forward.

Lavras Gold Corp., led by President and CEO Michael Durose, recently updated developments regarding the Lavras do Sul (LDS) Project in Brazil during a conversation at the PDAC conference in Toronto. The company is focused on gold exploration and has identified approximately 1 million ounces of gold across two of its 24 exploration targets.

Durose presented noteworthy milestones planned for 2024, which include 17,000 meters of drilling in critical areas such as Butiá, Fazenda do Posto, and Caneleira. A significant highlight has been the Almeria discovery, where drilling uncovered 56 meters of mineralization at 1 gram per ton of gold from surface observations.

Looking forward, Lavras Gold intends to concentrate on infill drilling at Butiá to delineate potential mineable resources while also expanding exploration at Fazenda do Posto to better understand the mineralization limits. Additionally, metallurgical testing will be conducted at Butiá before extending to Fazenda do Posto.

Durose noted that further drilling results and continued exploration efforts at Caneleira could serve as significant catalysts for the company in 2024, with the potential to enhance the existing mineralization footprint.

In summary, Lavras Gold Corp. is enhancing its exploration efforts at the LDS Project in Brazil, with ambitious plans for drilling and significant discoveries, including the notable Almeria find. The company’s focus on defining mineable resources and understanding mineralization limits is poised to drive future growth and expansion. Continuous updates from ongoing drilling will keep investors informed of progress in 2024.

Original Source: ca.proactiveinvestors.com