Lavras Gold Corp. is advancing its LDS Project in Brazil, holding around 1 million ounces of gold across two targets. Key 2024 milestones include 17,000 meters of drilling, with a notable Almeria discovery of 56 meters at 1 gram per ton from surface. The company plans infill drilling at Butiá and step-out drilling at Fazenda do Posto, aiming to refine resource estimates and expand mineralization.
Lavras Gold Corp. President and CEO Michael Durose recently spoke with Proactive’s Angela Harmantas during the PDAC conference held in Toronto, discussing the company’s significant advancements at the Lavras do Sul (LDS) Project in Brazil. As a gold exploration entity, Lavras Gold currently possesses approximately one million ounces of gold across two of its 24 designated exploration targets.
Durose highlighted the pivotal goals set for 2024, which include conducting 17,000 meters of drilling in critical areas such as Butiá, Fazenda do Posto, and Caneleira. A prominent highlight of their exploration efforts was the Almeria discovery, where drilling yielded an impressive 56 meters at a grade of 1 gram per ton of gold from the surface.
Looking forward, Lavras Gold aims to focus on infill drilling at Butiá to delineate potential mineable resources, in addition to step-out drilling at Fazenda do Posto to ascertain the boundaries of mineralization. The company is also undertaking metallurgical test work at Butiá, which they plan to extend to Fazenda do Posto later on.
Durose asserted that forthcoming drilling results and exploration efforts at Caneleira will serve as significant catalysts for the company throughout 2024, with the potential for expanding the known mineralization footprint considerably.
In conclusion, Lavras Gold is poised for significant developments in 2024 with a comprehensive drilling plan that targets key areas in the Lavras do Sul Project. The recent Almeria discovery marks a substantial achievement, and ongoing efforts, including metallurgical studies, will be crucial in shaping the company’s future. The emphasis on expanding known mineralization further enhances the prospects for exploration success and potential resource development.
Original Source: ca.proactiveinvestors.com
