Lavras Gold Expands Drilling Initiatives at LDS Project in Brazil

Lavras Gold Corp. is enhancing its drilling efforts at the Lavras do Sul Project in Brazil, with President CEO Michael Durose highlighting a significant Almeria discovery. The company has planned 17,000 meters of drilling in 2024 to explore key areas, focusing on establishing a potential mineable resource and expanding known mineralization.

Lavras Gold Corp. has significantly expanded its drilling operations at the Lavras do Sul (LDS) Project in Brazil. President and CEO Michael Durose recently shared insights on the company’s advancements during an interview at the PDAC conference in Toronto. Currently, Lavras Gold holds approximately 1 million ounces of gold across two of the 24 designated exploration targets.

Key milestones for 2024 have been outlined, which include an extensive 17,000 meters of drilling planned for sites such as Butiá, Fazenda do Posto, and Caneleira. A standout achievement has been the Almeria discovery, revealing 56 meters at a concentration of 1 gram per ton of gold starting from the surface.

Going forward, Lavras Gold intends to focus on infill drilling at the Butiá site to establish a potentially mineable resource while also conducting step-out drilling at Fazenda do Posto to map the boundaries of mineralization. Additionally, metallurgical tests are being conducted at Butiá, with plans to extend this work to Fazenda do Posto in the future.

Durose underscored that forthcoming drilling results and exploration activities at Caneleira are expected to serve as significant catalysts for the company in 2024, with the potential to broaden the known mineralization footprint dramatically.

In summary, Lavras Gold Corp. is making substantial strides at the LDS Project with strategic drilling initiatives and noteworthy discoveries. The company’s focus on expanding its resource base through detailed exploration and testing positions it for significant growth in the upcoming year. Stakeholders can anticipate further developments as the company continues to explore its promising targets.

Original Source: ca.proactiveinvestors.com