Lavras Gold Corp. is expanding its drilling operations at the Lavras do Sul Project in Brazil, with significant milestones set for 2024. The company aims to drill 17,000 meters and has made an impactful gold discovery at Almeria, reporting 56 meters at 1 gram per ton of gold. Future efforts will focus on defining mineable resources and extending mineralization.
Lavras Gold Corp. has recently intensified its drilling operations at the Lavras do Sul (LDS) Project in Brazil, as reported by President and CEO Michael Durose during an interview at the PDAC conference in Toronto. The company is engaged in gold exploration and currently identifies approximately 1 million ounces of gold across two out of 24 targeted exploration sites.
In outlining the company’s key milestones for 2024, Mr. Durose noted plans for 17,000 meters of drilling at crucial sites including Butiá, Fazenda do Posto, and Caneleira. A significant highlight from the current operations is the Almeria discovery, where drilling revealed impressive results of 56 meters yielding 1 gram per ton of gold from the surface.
Looking ahead, Lavras Gold is prioritizing infill drilling at Butiá to ascertain potential mineable resources, while also pursuing step-out drilling at Fazenda do Posto to further delineate mineralization limits. The company is simultaneously undertaking metallurgical testing at Butiá, which will later be expanded to Fazenda do Posto.
Mr. Durose emphasized the importance of forthcoming drilling results and ongoing exploration at Caneleira, which he believes will serve as significant catalysts for the company’s growth in 2024, potentially extending the known mineralization footprint.
In summary, Lavras Gold Corp. is advancing its exploration efforts at the LDS Project, with a focus on expanding drilling activities and defining resource boundaries. The company is particularly optimistic about the Almeria discovery and its upcoming drilling campaigns, which may enhance its prospects within the gold mining sector in Brazil.
Original Source: ca.proactiveinvestors.com
