Lavras Gold Corp. Intersects 1.0 g/t Gold over 371 Metres at Butiá Gold Deposit, LDS Project, Southern Brazil & Provides an Exploration Update Drilling intersection includes 3.4 g/t gold over 50 metres, including 78.1 g/t gold over 1 metre
Lavras Gold Corp. Intersects 1.0 g/t Gold over
371 Metres at Butiá Gold Deposit, LDS Project,
Southern Brazil & Provides an Exploration
Update
Drilling intersection includes 3.4 g/t gold over 50 metres,
including 78.1 g/t gold over 1 metre
Toronto, Ontario--(Newsfile Corp. - June 18, 2025) -
Lavras Gold Corp. (TSXV: LGC) (OTCQX:
LGCFF)
("
Lavras Gold
" or the "
Compan
y") is pleased to release the results from seven new drill holes
totaling 1,825 metres, testing the Butiá Gold Deposit ("Butiá" or "Butiá Gold Deposit"), located at the
western edge of the LDS Project in southern Brazil. Gold mineralization was intersected in all seven
holes reported in this news release at Butiá, which hosts a Mineral Resource Estimate of 377,000
ounces of gold in the Measured and Indicated categories and 115,000 ounces of gold in the Inferred
category. Several of these new holes returned long intervals of continuous gold mineralization
characterized by higher-grade subintervals with striking similarities to previously disclosed results.
These holes were designed to increase the confidence in the Butiá gold resource (converting the
Inferred Resource into the Measured & Indicated categories) and to potentially increase the gold
endowment and footprint of known mineralization of the Butiá Gold Deposit.
Lavras Gold recently renewed a 25,000-metre drilling contract, seamlessly continuing the ongoing drilling
program. The Butiá metallurgical test program continues to advance using the SGS Laboratory in Belo
Horizonte, Brazil. Also, three 150-kilogram composite samples from the Fazenda do Posto gold target
have been sent to the lab for investigation following up on a comprehensive metallurgical test program
for Butiá mineralization.
These new drill results and initiatives continue to move Lavras Gold toward its short-term corporate goal
of defining an economically feasible gold resource on the LDS Project, focused on the Butiá Gold
Deposit and the adjacent Fazenda do Posto gold target.
HIGHLIGHTS
Drilling
Hole 25BT047
returned:
371.0 metres grading 1.0 g/t gold
from surface,
and including:
23.0 metres grading 1.3 g/t gold from 92.0 metres,
19.0 metres grading 2.0 g/t gold from 222.0 metres
, and including
1.0 metres grading 25.8 g/t gold from 222.0 metres.
50.0 metres grading 3.4 g/t gold from 317.0 metres and including
:
1.0 metres grading 15.5 g/t gold from 317.0 metres
1.0 metres grading 78.1 g/t gold from 318.0 metres
1.0 metres grading 7.4 g/t gold from 319.0 metres
1.0 metres grading 5.5 g/t gold from 321.0 metres
1.0 metres grading 5.7 g/t gold from 325.0 metres
1.0 metres grading 3.7 g/t gold from 343.0 metres
1.0 metres grading 10.2 g/t gold from 346.0 metres
1.0 metres grading 15.8 g/t gold from 347.0 metres.
Hole 25BT045
intersected multiple intervals of gold mineralization. Highlights include:
50.0 metres grading 0.5 g/t gold
from 167.0 metres
and including:
15.0 metres grading 1.2 g/t gold from 167.0 metres and including:
1.0 metre grading 2.1 g/t gold from 168.0 metres, and
2.0 metre grading 1.6 g/t gold from 170.0 metres, and
2.0 metres grading 2.2 g/t gold from 174.0 metres, and
1.0 metre grading 1.1 g/t gold from 180.0 metres
10.0 metres grading 3.7 g/t gold from 245.0 metres including:
1.0 metre grading
34.8 g/t gold
from 247.0 metres.
"We are pleased with the drilling progress we are making at Butiá and are achieving our goal of
increasing the confidence of the gold resource estimate by converting inferred gold resources into
measured and indicated gold resources and expanding the footprint of gold mineralization," commented
CEO Michael Durose. "Drill hole 25BT047 is noteworthy for its length of 371.0 metres grading 1.0 g/t
gold. The lower portion of this hole shows a 50.0 metre interval grading 3.4 g/t gold from 317.0 metres to
approximately 367.0 metres.
This not only extends the previously known zone of mineralization, but it
also demonstrates that this extension has a significantly higher grade than the mineralization above it.
Adjusted for the angle of the drillhole, this 50-metre extension of gold mineralization begins at a vertical
depth of approximately 275.0 and extends to 318.0 metres. The mineralized footprint has also increased
in size to the south of Butiá as defined by drillhole 25BT045, and to the southeast via drillhole 24BT042."
Drillholes 25BT044 and 25BT046 were drilled approximately 500 metres southeast of Butiá along an
interpreted northeast-southwest structural zone
(see Figure 2)
. Both holes encountered hydrothermally
altered rocks, very similar to those seen at Butiá and Fazenda do Posto. Narrow 1.0 metre low-grade
intervals of gold were encountered in each hole. The current interpretation is that these holes were
collared too far southeast. Nevertheless, the significance here is the continuation of the alteration
footprint to the south of Butiá for at least 500 metres thereby generating the potential for defining new
exploration drill targets which the exploration team are following up on.
To date, 198 drill holes totalling nearly 53,000 metres have been completed at Butiá and the adjacent
Fazenda do Posto target claim block. This compares with 78 drill holes and 20,000 metres of historical
drilling by our predecessor company at the Butiá target prior to our current drilling program that started in
early 2023. We will disclose results from our ongoing drilling program for these areas and our recently
discovered Olaria area when final assay results are received, and the geological interpretation is
completed.
Click here
for additional comments from CEO Michael Durose.
[* Footnote: Butiá hosts an Estimated Mineral Resource of 377,000 ounces of gold in the Measured and Indicated categories and 115,000 ounces
of gold in the Inferred category
as
detailed in the
NI 43-101 Technical Report Mineral Resource for Butiá Gold Prospect dated and effective
January 25, 2022
and updated in November 2024. The report was prepared by VMG Consultoria e Soluções Ltda. for Lavras Gold Corp. and is
available on the Company's website and www.sedarplus.com under Lavras Gold's issuer profile.]
Discussion of Drill Results - Butiá Deposit
Butiá is the most advanced gold deposit on the LDS Project consisting of the mineral resource as stated
in the footnote above (*), located immediately east of the Fazenda do Posto gold discovery. The
purpose of the current drilling program at Butiá is to increase the geological confidence of the existing
gold resource by converting a significant portion of inferred geological resources into the measured and
indicated categories and to increase the gold endowment of the existing gold resource. Recent drilling
results from Butiá were disclosed in the news release dated March 03, 2025. To date, results from 41
Lavras Gold drill holes totaling 11,171 metres of drilling have been disclosed based on the 2023, 2024
and 2025 drilling program. This total includes the seven holes disclosed in this news release (24BT042
to 24BT049).
More than 31,000 metres of drilling have been completed at Butiá to date, including
historical drilling prior to 2023.
Figure 1
is a general location map for the LDS Project deposits and targets.
Figure 2
shows the
location of the Casa Velha target area about 500 metres southeast of Butiá. Details of the locations of
the new drill holes can be found in the plan view in
Figure 3
. A long section looking northeast is shown in
Figure 4
.
Figure 5
shows a cross section looking northeast of drill hole 25BT047 highlighting the high-
grade depth extension.
Figure 6
shows hydrothermal alteration features of the Casa Velha target area.
Figure 7
illustrates an example of high-grade gold mineralization found at depth in drill hole 25BT047.
Table 1
details newly disclosed assay results in this press release.
Table 2
tabulates drill hole
information including collar coordinates, drill hole azimuth and drill hole depths. For all previous drilling
results, visit the
News section of the Lavras Gold website
.
A primary purpose of the recent drilling was to continue testing the lateral continuity of gold mineralization
at Butiá across a postulated northeast trending structural corridor and fill in gaps interpreted from
northwest-southeast cross-sections of previous drilling. All of the holes were drilled with an azimuth
oriented 110 degrees and/or 290 degrees. As shown in
Figure 3
and summarized in
Table 1
, these
holes include 24BT042, 25BT045, 25BT047, 25BT048 and 25BT049. These holes confirm continuous
gold mineralization across a northeast trending structure. Continuous, moderate grade gold was
extended in the south and southeast in areas of Butiá typically associated with mineralized perthitic
granite.
Significantly, higher grade gold mineralization was found at depth below the central
portion of Butiá associated with mineralized episyenite materially increasing the mineralized
footprint as defined by drill hole 25BT047 (see Figure 5)
.
Two holes, 25BT044 and 25BT046, were collared about 500 metres southwest of Butiá testing a drilling
target called Casa Velha
(see
Figure 2)
. Both holes encountered rocks that had intervals of
hydrothermally altered rocks including perthitic granite and episyenite with some local clusters of
disseminated pyrite.
While these drill holes encountered only minor gold mineralization of
narrow widths, the drilling proves that the hydrothermal alteration footprint extends to the
southwest at least 500 metres from Butiá/Fazenda do Posto (See Figure 5).
The geology team is
currently interpreting these results with the goal of defining further targets for drill-testing.
Detailed gold assay results by drill hole are summarized in
Table 1
.
The seven new holes disclosed
in this press release are from 24BT042 to 24BT049 (and excludes 24BT043 that tested the
Fazenda do Posto Target and disclosed in the
April 2, 2025 press release
)
.
Highlights of the recent drilling results from the Butiá area are as follows:
Drill hole 24BT042
was collared southeast of 24BT038 in the southeast portion of Butiá and designed
to test the southeast continuity of gold mineralization. The hole confirms the lateral
extension
and
continuity of gold mineralization in the southeast portion of Butiá and extends mineralization east of
mineralization found in drill hole 24BT038. Highlights include:
15.0 metres grading 0.3 g/t gold from 41.0 metres,
4.0 metres grading 1.8 g/t gold from 62.0 metres,
25.0 metres grading 0.9 g/t gold from 92.0 metres including:
3.0 metres grading 4.6 g/t gold from 114.0
Drill hole 25BT045
was collared in the southeast portion of Butiá and drilled on an azimuth 290
degrees. The hole successfully encountered multiple long intervals of gold mineralization successfully
extending
gold mineralization to the south. Highlights include:
31.0 metres grading 0.2 g/t gold from 41.0 metres,
23.0 metres grading 0.3 g/t gold from 84.0 metres and including
1.0 metres grading 1.4 g/t gold from 104.0 metres
50.0 metres grading 0.5 g/t gold including,
15.0 metres grading 1.2 g/t gold from 167.0 metres
10.0 metres grading 3.7 g/t gold from 245.0 metres including,
1.0 metres grading 34.8 g/t gold from 247.0 metres
Drill hole 25BT047
was collared along the east-central portion of Butiá on an azimuth of 290 degrees at
an inclined angle of 60 degrees and designed to
infill a gap
in the Butiá resource, and test for the down-
dip extension of gold mineralization. The hole was successful on both fronts returning continuous gold
grade from surface to 371 metres.
371.0 metres grading 1.0 g/t gold
from surface metres,
and including:
23.0 metres grading 1.3 g/t gold from 92.0 metres,
19.0 metres grading 2.0 g/t gold from 222.0 metres
, and including
1.0 metres grading 25.8 g/t gold from 222.0 metres.
50.0 metres grading 3.4 g/t gold from 317.0 metres and including
:
1.0 metres grading 15.5 g/t gold from 317.0 metres
1.0 metres grading 78.1 g/t gold from 318.0 metres
1.0 metres grading 7.4 g/t gold from 319.0 metres
1.0 metres grading 5.5 g/t gold from 321.0 metres
1.0 metres grading 5.7 g/t gold from 325.0 metres
1.0 metres grading 3.7 g/t gold from 343.0 metres
1.0 metres grading 10.2 g/t gold from 346.0 metres
1.0 metres grading 15.8 g/t gold from 347.0 metres
The bottom high-grade intercept extends previously known gold mineralization from a vertical depth of
275 metres to 318 metres
(see Figure 5)
. The higher-grade interval is characterized by disseminated
pyrite in strongly hydrothermally altered dark green episyenite
(see Figure 7)
.
Drill hole 25BT049
was collared along the south-central portion of Butiá and drilled on an azimuth 290
degrees at an inclined angle of 60 degrees. The hole was designed to infill a gap in the existing gold
resource model of Butiá and to test the down-dip extension of mineralization. Highlights of drilling
include:
25.0 metres grading 0.4 g/t gold from 83.0 metres including:
5.0 metres grading 1.1 g/t gold from 83.0 metres and including:
2.0 metres grading 2.4 g/t gold from 84.0 metres
56.0 metres grading 0.3 g/t gold from 115.0 metres and including:
1.0 metre grading 1.1 g/t gold from 165.0 metres
55.0 metres grading 1.0 g/t gold from 171.0 metres and including:
24.0 metres grading 1.2 g/t gold from 171.0 metres, and
8.0 metres grading 1.0 g/t gold from 218.0 metres.
Please refer to
Table 1
for a complete list of all drill holes and detailed assay results.
Figure 1 - LDS Project Deposit and Target Locations
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10429/255950_07527bc0e47d8a82_002full.jpg
Table 1. Summary of Drill Hole Composites from the Butiá Gold Deposit
Drill Hole
From
(metres)
To
metres)
Interval
(metres)
Gold grade
(grams/tonne)
Comment
24BT042
41.00
56.00
15.00
0.259
Perthitic Granite
62.00
66.00
4.00
1.817
Perthitic Granite
including
65.00
66.00
1.00
6.457
Perthitic Granite
73.00
76.00
3.00
0.278
Perthitic Granite
92.00
117.00
25.00
0.931
Episyenite
including
96.00
97.00
1.00
1.127
Episyenite
including
106.00
107.00
1.00
1.389
Episyenite
including
114.00
117.00
3.00
4.583
Episyenite
and including
114.00
115.00
1.00
10.520
Episyenite
25BT044
166.00
167.00
1.00
0.114
Perthitic
Granite/Episyenite
24BT045
1.00
3.00
2.00
0.259
Saprolite
41.00
72.00
31.00
0.241
Episyenite/Perthitic
Granite
84.00
107.00
23.00
0.298
Perthitic
Granite/Episyenite
including
104.00
105.00
1.00
1.405
Perthitic Granite
118.00
133.00
15.00
0.217
Episyenite
137.00
147.00
10.00
0.259
Episyenite
167.00
217.00
50.00
0.537
Episyenite/Perthitic
Granite
including
167.00
182.00
15.00
1.232
Episyenite/Perthitic
Granite
and including
168.00
169.00
1.00
2.147
Episyenite
and including
170.00
172.00
2.00
1.595
Episyenite
and including
174.00
176.00
2.00
2.214
Episyenite
and including
180.00
181.00
1.00
1.135
Episyenite
238.00
239.00
1.00
0.445
Perthitic Granite
245.00
255.00
10.00
3.680
Perthitic
Granite/Episyenite
including
247.00
248.00
1.00
34.814
Perthitic Granite
25BT046
50.00
51.00
1.00
0.244
Perthitic
Granite/Episyenite
25BT047
0.00
371.00
371.00
0.946
Perthitic
Granite/Episyenite
Including
2.00
5.00
3.00
1.445
Perthitic Granite
Including
11.00
12.00
1.00
2.010
Perthitic Granite
Including
27.00
28.00
1.00
1.723
Perthitic Granite
Including
56.00
59.00
3.00
1.911
Episyenite
Including
68.00
69.00
1.00
1.542
Episyenite
Including
74.00
78.00
4.00
1.200
Episyenite
Including
82.00
85.00
3.00
1.063
Episyenite
Including
92.00
115.00
23.00
1.330
Episyenite
Including
125.00
128.00
3.00
1.061
Episyenite
Including
137.00
138.00
1.00
1.019
Episyenite
Including
147.00
149.00
2.00
1.155
Episyenite
Including
178.00
190.00
12.00
1.452
Episyenite
Including
201.00
203.00
2.00
0.949
Episyenite
including
222.00
241.00
19.00
2.016
Episyenite/Perthitic
Granite
and including
222.00
223.00
1.00
25.833
Episyenite
including
317.00
367.00
50.00
3.372
Episyenite/Perthitic
Granite
and including
317.00
318.00
1.00
15.467
Episyenite/Perthitic
Granite
and including
318.00
319.00
1.00
78.100
Episyenite/Perthitic
Granite
and including
319.00
320.00
1.00
7.397
Episyenite/Perthitic
Granite
and including
320.00
321.00
1.00
1.919
Episyenite/Perthitic
Granite
and including
321.00
322.00
1.00
5.457
Episyenite
and including
324.00
325.00
1.00
1.112
Episyenite
and including
325.00
326.00
1.00
5.657
Episyenite
and including
335.00
336.00
1.00
1.665
Perthitic Granite
and including
342.00
343.00
1.00
1.038
Episyenite
and including
343.00
344.00
1.00
3.683
Episyenite
and including
346.00
347.00
1.00
10.183
Episyenite
and including
347.00
348.00
1.00
15.767
Episyenite
and including
348.00
349.00
1.00
1.880
Episyenite
and including
349.00
350.00
1.00
0.993
Episyenite
and including
351.00
352.00
1.00
1.190
Episyenite
and including
355.00
356.00
1.00
1.073
Episyenite
and including
357.00
358.00
1.00
1.097
Episyenite
and including
358.00
359.00
1.00
1.488
Episyenite
Drill Hole
From
(metres)
To
metres)
Interval
(metres)
Gold grade
(grams/tonne)
Comment
and including
359.00
360.00
1.00
1.483
Episyenite
and including
360.00
361.00
1.00
1.245
Episyenite
and including
366.00
367.00
1.00
1.073
Episyenite
25BT048
152.00
154.00
2.00
0.356
Perthitic
Granite/Episyenite
25BT049
83.00
108.00
25.00
0.365
Episyenite/Perthitic
Granite
including
83.00
88.00
5.00
1.090
Episyenite/Perthitic
Granite
and including
84.00
86.00
2.00
2.445
Episyenite/Perthitic
Granite
including
106.00
107.00
1.00
1.062
Episyenite/Perthitic
Granite
115.00
171.00
56.00
0.256
Perthitic
Granite/Episyenite
including
165.00
166.00
1.00
1.097
Episyenite
171.00
226.00
55.00
0.982
Episyenite
Including
171.00
195.00
24.00
1.236
Episyenite
including
218.00
226.00
8.00
1.019
Episyenite
226.00
241.00
15.00
0.386
Episyenite
248.00
249.00
1.00
0.540
Episyenite
260.00
261.00
1.00
0.242
Episyenite
263.00
264.00
1.00
0.254
Episyenite
282.00
283.00
1.00
0.236
Episyenite
286.00
287.00
1.00
0.194
Episyenite
291.00
292.00
1.00
0.476
Episyenite
300.00
303.00
3.00
0.418
Perthitic Granite
316.00
320.00
4.00
0.208
Perthitic Granite
Drill Hole
From
(metres)
To
metres)
Interval
(metres)
Gold grade
(grams/tonne)
Comment
Assumes 0.20 g/t gold cut-off grade, no top cut.
The Company has been targeting larger intersections of greater than 0.20 g/t gold. Intersections lower than this threshold may provide
exploration insight and may therefore be disclosed.
Intervals represent drill core interval; true widths have not been determined at this time.
Table 2. Butiá Drill Hole Coordinates
Drill Hole
Easting
Northing
Elevation
Azimuth (m)
(Degrees)
Dip (degrees)
Start Depth
(metres)
Final Depth
(metres)
24BT042
218244
6586275
391
110
-60
0
151.00
25BT044
218000
6585775
401
110
-60
0
222.82
25BT045
218155
6586260
397
290
-60
0
295.11
25BT046
218042
6585767
406
290
-60
0
231.88
25BT047
218201
6586395
403
290
-60
0
412.17
25BT048
218148
6586288
393
290
-60
0
171.96
25BT049
218186
6586356
382
290
-60
0
340.31
Figure 2. Plan View Showing Butiá Gold Deposit Relative to Casa Velha Target and North 020
Lineament
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Figure 3. Plan View of 2023, 2024 and 2025 Butiá Drill Holes and Gold Assay Grades
To view an enhanced version of this graphic, please visit:
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