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(Kitco News) – Lavras Gold (TSXV: LGC) immediately introduced that an NI 43-101 compliant mineral resource estimate has been accomplished for the Cerrito gold venture at its LDS venture in Brazil.
According to the corporate’s assertion, the mineral resource estimate reveals that Cerrito has an indicated gold resource of 187,650 ounces and an inferred gold resource of 293,468 ounces.
“Combining this gold resource estimate for the Cerrito gold prospect with the previously announced 500,000 ounces from our Butiá gold prospect moves us to our first million ounce milestone at LDS,” said President and CEO Michael Durose.
“This is a major step toward unlocking the potential gold mineral endowment of LDS, which we have only just begun to understand. We look forward to releasing results of active drilling at the Zeca Souza, Matilde, and Matilde Extension prospects soon,” he added.
Lavras Gold is a Canadian exploration firm targeted on realizing the potential of the Lavras do Sul gold venture (LDS Project) in Brazil. Located in the state of
Rio Grande do Sul, the LDS venture is believed to host an alkaline porphyry gold-copper system. More than 23 gold prospects centred on historic gold workings have been recognized on the property, which spans greater than 22,000 hectares.
The firm was spun out of Amarillo Gold Corporation, which was purchased by Hochschild Mining PLC earlier this yr.
Disclaimer: The views expressed in this text are these of the writer and should not mirror these of Kitco Metals Inc. The writer has made each effort to make sure accuracy of knowledge supplied; nonetheless, neither Kitco Metals Inc. nor the writer can assure such accuracy. This article is strictly for informational functions solely. It is just not a solicitation to make any alternate in commodities, securities or different monetary devices. Kitco Metals Inc. and the writer of this text don’t settle for culpability for losses and/ or damages arising from using this publication.
Lavras Gold announces mineral resource estimate for Cerrito prospect in Brazil & More Latest News Update
Lavras Gold announces mineral resource estimate for Cerrito prospect in Brazil & More Live News
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Lavras Gold announces mineral resource estimate for Cerrito prospect in Brazil & More News Today
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