Lavras Gold Corp. Advances Butia Gold Deposit Exploration with Promising Drilling Results
- Lavras Gold Corp. reports promising drilling results at Butia Gold Deposit, including 1.0 grams per tonne gold over 371 metres.
- The company aims to convert Inferred resources to Measured and Indicated categories to enhance project viability.
- Lavras Gold is also conducting metallurgical tests to further explore resource potential in its LDS Project in Brazil.
Lavras Gold Corp. Enhances Exploration Efforts at Butia Gold Deposit
Lavras Gold Corp. (TSXV: LGC) is making significant strides in its exploration of the Butia Gold Deposit, part of the expansive LDS Project in southern Brazil. Recent drilling results reveal a promising intersection of 1.0 grams per tonne (gt) gold over an impressive 371 metres, derived from seven new drill holes totaling 1,825 metres. This successful drilling campaign confirms the presence of gold mineralization across all holes, reinforcing the company's commitment to enhancing the resource estimate at Butia. Currently, Lavras Gold reports a Mineral Resource Estimate of 377,000 ounces of gold classified as Measured and Indicated, alongside an Inferred category containing 115,000 ounces.
The ongoing drilling efforts are pivotal for Lavras Gold as they aim to convert Inferred resources into more reliable Measured and Indicated categories, which is crucial for building investor confidence and advancing project viability. The company’s renewed 25,000-metre drilling contract reflects its dedication to sustained exploration activities, ensuring that the potential gold endowment of the Butia Deposit can be fully realized. By focusing on defining an economically viable resource at Butia, Lavras Gold is positioning itself to capitalize on the growing demand for gold while contributing to the local economy in the Lavras do Sul region.
In addition to its drilling activities, Lavras Gold is also progressing with a metallurgical test program for the Butia Deposit at the SGS Laboratory in Belo Horizonte, Brazil. This program includes an investigation of three 150-kilogram composite samples from the adjacent Fazenda do Posto gold target, which could further augment the overall resource potential of the LDS Project. Covering approximately 23,000 hectares, the LDS Project not only encompasses Butia but also notable deposits like Cerrito, collectively holding significant gold resources that underline the area's geological promise.
As Lavras Gold continues its exploration and testing initiatives, the company remains focused on unveiling the full potential of its assets in Brazil's rich gold mining landscape. By investing in both exploration and metallurgical testing, Lavras Gold aims to solidify its standing in the industry and contribute to the sustainable development of the region.