Lavras Gold Corp. is increasing drilling activities at the LDS Project in Brazil with a focus on three key areas. Highlights include an impressive Almeria discovery of 56 meters at 1 gram per ton of gold. The company plans extensive drilling and metallurgical tests to ascertain mining potential and expand mineralization areas.
At the PDAC conference in Toronto, Lavras Gold Corp. President & CEO Michael Durose provided an update on the Lavras do Sul (LDS) Project in Brazil, where the company currently holds approximately 1 million ounces of gold across 24 exploration targets. Significant drilling plans for 2024 include 17,000 meters focused on key sites like Butiá, Fazenda do Posto, and Caneleira.
A notable achievement is the Almeria discovery, where drilling revealed 56 meters of gold at a grade of 1 gram per ton from surface level. This finding underscores the potential for valuable resources at the site, which Lavras Gold is keen to explore further.
The company is prioritizing infill drilling at Butiá to identify mineable resources while conducting step-out drilling at Fazenda do Posto to establish the boundaries of mineralization. Metallurgical testing is currently underway at Butiá, which will later extend to Fazenda do Posto to assess the feasibility of extraction.
Durose highlighted that continuing to drill and explore Caneleira will be pivotal for the company in 2024, aiming to increase the known mineralization area significantly. These activities are expected to serve as key growth drivers for Lavras Gold moving forward.
Lavras Gold is advancing its exploration efforts at the LDS Project, with substantial drilling planned and a promising discovery at Almeria. The strategy includes infill and step-out drilling aimed at assessing resource viability and expanding mineral boundaries. Through these initiatives, Lavras Gold is positioning itself for significant advancements in 2024.
Original Source: ca.proactiveinvestors.com
