Lavras Gold Corp. is advancing its drilling program at the LDS Project in Brazil, focusing on key areas like Butiá and Fazenda do Posto. With a notable Almeria discovery yielding 56 meters at 1 gram per ton of gold, the company plans 17,000 meters of drilling in 2024. Efforts will also include metallurgical testing and exploration at Caneleira to broaden mineralization potential.
Lavras Gold Corp. has expanded its drilling activities at the Lavras do Sul (LDS) Project in Brazil, as discussed by President and CEO Michael Durose during the PDAC conference in Toronto. The company, known for its gold exploration efforts, currently holds approximately 1 million ounces across two out of 24 exploration targets.
Key milestones for 2024 include an ambitious plan to drill 17,000 meters in strategic areas such as Butiá, Fazenda do Posto, and Caneleira. Notably, the Almeria discovery has shown promising results, with drilling uncovering 56 meters at a grade of 1 gram per ton of gold from the surface.
Looking forward, Lavras Gold is concentrating on infill drilling at Butiá to assess potential mineable resources, while also engaging in step-out drilling at Fazenda do Posto to delineate the limits of mineralization. Additionally, metallurgical testing is underway at Butiá, with plans to expand this testing to Fazenda do Posto.
Durose highlighted that forthcoming drilling results and ongoing exploration at Caneleira will serve as significant catalysts for the company throughout 2024, with the potential to broaden the existing mineralization footprint.
In summary, Lavras Gold Corp. is making significant strides at its LDS Project in Brazil, with a focus on extensive drilling and exploration activities. The Almeria discovery is a notable highlight, demonstrating the project’s potential. Key strategies for 2024 include targeted drilling and metallurgical testing, which may enhance the company’s resource base and support future growth.
Original Source: ca.proactiveinvestors.com
