Lavras Gold Corp. Intersects 1.1 g/t Gold over 228 Metres at the LDS Project, Southern Brazil
Lavras Gold Corp. Intersects 1.1 g/t Gold over
228 Metres at the LDS Project, Southern Brazil
* Drilling intersection includes 3.2 g/t gold over 62 metres
* Confirmation that Butiá and Fazenda do Posto are one, connected zone of mineralization
Toronto, Ontario--(Newsfile Corp. - September 8, 2025) -
Lavras Gold Corp. (TSXV: LGC) (OTCQX:
LGCFF)
("
Lavras Gold
" or the "
Compan
y") is pleased to release the results from 17 new drill holes
totaling 6,305 metres, testing the Butiá Gold Deposit ("Butiá" or "Butiá Gold Deposit") and the
immediately adjacent Fazenda do Posto Gold Discovery ("Fazenda" or "Fazenda do Posto"), located at
the western edge of the LDS Project in southern Brazil. Gold mineralization was intersected in 15 of the
17 holes reported in this news release. Several of these new holes returned long intervals of continuous
gold mineralization characterized by higher-grade subintervals consistent with previously disclosed
results.
These holes were designed to:
increase the confidence in the Butiá Gold Deposit (converting the Inferred Resource into the
Measured & Indicated categories),
increase the gold endowment and footprint of known mineralization of the Butiá Gold Deposit,
examine the limits of gold mineralization and metasomatic alteration found at the Fazenda do
Posto Gold Discovery, and
test for continuity of mineralization between Butiá and Fazenda do Posto.
A 25,000 metre drilling program is on-going, focusing on the Butiá and Fazenda do Posto areas, and
testing for other targets on the 23,000 hectare LDS Property.
The metallurgical test program at SGS Laboratory in Belo Horizonte, Brazil has advanced significantly
since the first round of samples was sent for testing in September 2024. A total of eight 150-kilogram
composite samples (five from the Butiá Gold Deposit and three from the Fazenda do Posto Gold
Discovery) have been sent to the lab for detailed investigation and test-work. Results will be disclosed
once the final report from SGS is received.
Today's new drill results and current 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 Discovery. With more than 58,000 metres
of drilling and 209 drill holes having been completed on the Butiá and Fazenda do Posto concessions,
an Environmental and Social Impact Study (EIA) has commenced for the project. This is the first and
most important step in positioning and de-risking the project as we begin the permitting process for a
potential commercial gold mining project in Brazil following on from a Terms of Reference Study that was
recently approved by FEPAM, the State environmental agency in Rio Grande do Sul. This activity is in
addition to the exploration program that will continue on the LDS property."
HIGHLIGHTS
Drilling
Hole 25BT062 tested the Butiá Gold Deposit and
returned:
228.0 metres grading 1.1 g/t gold
from 115.0 metres,
and including:
62.0 metres grading 3.2 g/t gold from 159.0 metres,
3.0 metres grading 2.7 g/t gold from 374.0 metres
This hole successfully scissored the high-grade interval found in 24BT034 and defined a large low to
moderate grade zone of mineralization in the gap between Butiá and Fazenda do Posto.
This hole
confirms that Butiá and Fazenda do Posto are connected
.
Hole 25BT057 tested the Butiá Gold Deposit
and intersected multiple intervals of gold mineralization.
Highlights include:
113.0 metres grading 0.8 g/t gold
from surface
and including:
14.0 metres grading 1.0 g/t gold from 23.0 metres, and
19.0 metre grading 1.2 g/t gold from 43.0.0 metres, and
16.0 metre grading 1.3 g/t gold from 69.0 metres, and
11.0 metres grading 0.9 g/t gold from 102.0 metres
Hole 25FP039 tested the Fazenda do Posto Gold Discovery and
intersected multiple intervals of
gold mineralization. Highlights include:
44.0 metres grading 2.3 g/t gold
from 325.0 metres
and including:
13.0 metres grading 3.6 g/t gold from 331.0 metres
;
2.0 metres grading 15.2 g/t gold from 391.0 metres
Hole 25FP045 tested the Fazenda do Post Gold Discovery and returned multiple intervals of
gold mineralization.
Highlights include:
77.0 metres grading 1.5 g/t gold from 128.0 metres including
:
19.0 m grading 0.3 g/t gold from 130.0 metres
12.0 metres grading 4.1 g/t gold from 155.0 metres
8.0 metres grading 0.2 g/t gold from 177.0 metres
11.0 metres grading 5.1 g/t gold from 185.0 metres and including
1.0 metres grading 41.7 g/t gold from 194.0 metres
3.0 metres grading 1.4 g/t gold from 202.0 metres
1.0 metre grading 0.4 g/t gold from 230.0 metres
"We are very pleased with the structural, geological and geochemical information that we have observed
from the drilling at Butiá and Fazenda do Posto, as it marks significant progress for us toward our goal
of identifying an economically feasible gold mine on this property," commented President & CEO
Michael Durose. "Including historical drilling, more than 58,000 metres and 209 drill holes have been
completed on these two concessions, defining a mineralized gold system that begins at surface to
depths of more than 400 metres. Gold mineralization has been traced along a northwest-southeast strike
for nearly 700 metres.
"Furthermore, we believe the exploration potential in this area remains significant, as we have not yet
identified the outer limits of the mineralization here. Our understanding of the geological controls to
mineralization has been greatly enhanced since announcing the discovery hole 23FP002 at Fazenda do
Posto in September 2023. In addition to finding more gold, these most recent drilling results also
indicate that the metasomatic alteration footprint associated with this gold system is kilometres in scale,
with the intensity of alteration seemingly increasing to the northwest. Our exploration work has also
confirmed hydrothermal alteration south and north of the current mineralized footprint. More exploration
work needs to be completed to unlock and understand the full potential of this unique geological setting.
Having said this, we do believe that the project is sufficiently advanced to undertake an environmental
and social impact study for a phase one commercial gold mining project. This study follows from the
recently approved Terms of Reference Study from FEPAM - the State environmental agency of Rio
Grande do Sul. This is a significant de-risking step required to achieve our goal of defining an
economically viable commercial gold mine for the LDS Project".
Click here
for additional comments from CEO Michael Durose.
[* Footnote: Butiá hosts an Estimated Mineral Resource of 12.9MM tonnes at a grade of 0.91g/t gold
for 377,000 ounces of gold in the Measured and Indicated categories and 3.7MM tonnes at a grade of
0.97 g/t gold for 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
These drilling results from the Butiá and Fazenda do Posto areas are a continuation of drilling that has
been on-going since June 2023. Including the holes disclosed in today's press release, a total of 94 drill
holes totaling 28,544 metres have been disclosed at Butiá and Fazenda do Posto by Lavras Gold. This
includes results from 45 drill holes totaling 12,385 metres for Butiá and 49 drill holes totaling 16,159
metres for Fazenda do Posto. Overall, including historical drilling, 209 holes and more than 58,000
metres of drilling have been completed on these two concessions.
In today's press release, results for four new drill holes at Butiá and 13 new drill holes testing Fazenda do
Posto are released.
Figure 1
is a general location map for the LDS Project deposits and targets. Details of the locations of
the new drill holes can be found in the plan view in
Figure 2.
The locations of all drill holes from 2023,
2024 and 2025 is shown in
Figure 3.
Figure 4
shows a long section looking northeast of all drill holes
disclosed since 2023.
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
across a postulated northeast trending structural corridor and fill in gaps interpreted from northwest-
southeast cross-sections of previous drilling. All but one of the holes were drilled with an azimuth
oriented 110 degrees and/or 290 degrees.
Highlights of the recent drilling results from the Butiá area are as follows:
Drill hole 25BT062
was collared in the northeast portion of the Butiá Gold Deposit and drilled on an
azimuth of 290 degrees and an inclination of 60 degrees. The hole was designed to scissor the high-
grade interval found in 24BT034 and test for deeper gold mineralization in a gap that exists between
Butiá and Fazenda do Posto.
The hole successfully scissored the high-grade interval found in 24BT034
and defined a large low to moderate grade zone of mineralization in this gap.
This hole confirms that
Butiá and Fazenda do Posto are connected
. Gold mineralization starts from surface and includes
the following highlights:
4.0 metres grading 0.8 g/t gold from surface
4.,0 metres grading 0.2 g/t gold from 12.0 metres
6.0 metres grading 0.5 g/t gold from 55.0 metres
17.0 metres grading 0.2 g/t gold from 64.00 metres
228.0 metres grading 1.1 g/t gold
from 115.0 metres,
and including:
62.0 metres grading 3.2 g/t gold from 159.0 metres,
3.0 metres grading 2.7 g/t gold from 374.0 metres
Drill hole 25BT057
was collared in the central portion of Butiá and drilled on an azimuth 110 degrees
with the goal of scissoring drillhole 25BT047 and testing the extension of gold mineralization to the east.
The hole successfully encountered a long interval of gold mineralization beginning at surface, and then
moderate to lower grade gold deeper down the hole. Highlights include:
113.0 metres grading 0.8 g/t gold
from surface and including:
14.0 metres grading 1.0 g/t gold from 23.0 metres and including:
19.0 metre grading 1.2 g/t gold from 43.0.0 metres, and
16.0 metre grading 1.3 g/t gold from 69.0 metres, and
11.0 metres grading 0.9 g/t gold from 102.0 metres
Highlights of drill results from the Fazenda do Posto target area are as follows:
Hole 25FP039
was a large step-out hole collared 215 metres northwest of the western edge of Fazenda
do Posto and drilled on an azimuth of 110 degrees and a dip of 60 degrees. The purpose of the hole
was to test for gold mineralization west of the current known mineralization at Fazenda do Posto and test
for the down plunge extension of high-grade mineralization found in 23FP011, 23FP006 and 23FP002.
The hole confirmed high-grade gold mineralization 100 metres below previously known mineralization at
23FP011.
Furthermore, these results together with drillhole 25FP042 confirm that the
metasomatic alteration footprint extends for at least 300 metres from the western edge of
Fazenda do Posto
. Highlights of drilling include:
44.0 metres grading 2.3 g/t gold
from 325.0 metres
and including:
13.0 metres grading 3.6 g/t gold from 331.0 metres
2.0 metres grading 15.2 g/t gold from 391.0 metres
Drill hole 25FP042
was another large step-out hole collared 300 metres northwest of the western edge
of Fazenda do Posto. The hole was drilled on an azimuth of 110 degrees and a dip of 60 degrees. The
purpose was to test for hydrothermal alteration and gold mineralization to the west of Fazenda do Posto.
The hole returned extensive metasomatic alteration and returned three small intervals of low-grade gold
within the first 115 metres. A longer, 71.0 metre, interval of a deeper zone of gold mineralization was
encountered and represents the down plunge extension of gold mineralization of Fazenda do Posto. A
summary of results is as follows:
2.0 metres grading 0.3 g/t gold from 1.0 m
1.0 metre grading 0.3 g/t gold from 82.0 m
1.0 metre grading 0.2 g/t gold from 114.0 m
71.0 metres grading 0.5g/t gold from 401.0 m including
5.0 metres grading 1.1 g/t gold from 405.0 metres
3.0 metres grading 3.6 g/t gold from 451.0 metres
Hole 25FP045 tested the Fazenda do Post target and returned multiple intervals of gold
mineralization.
The hole was collared in the central-west portion of Fazenda do Post and oriented with
an azimuth of 220 degrees and a dip of 60 degrees. The purpose of the hole was to test for the
extension of mineralization approximately 50 metres northwest of mineralization encountered in
23FP006. Highlights include:
77.0 metres grading 1.5 g/t gold from 128.0 metres including
:
19.0 m grading 0.3 g/t gold from 130.0 metres
12.0 metres grading 4.1 g/t gold from 155.0 metres
8.0 metres grading 0.2 g/t gold from 177.0 metres
11.0 metres grading 5.1 g/t gold from 185.0 metres and including
1.0 metre grading 41.7 g/t gold from 194.0 m
3.0 metres grading 1.4 g/t gold from 202.0 metres
1.0 metre grading 0.4 g/t gold from 230.0 metres
Hole 25BT050 tested the Fazenda do Posto target and
intersected multiple intervals of gold
mineralization. The hole was collared in the north-central portion of Fazenda do Posto and collared with
an azimuth orientation of 290 degrees, and a dip of 60 degrees. Highlights include:
44.0 metres grading 0.3 g/t gold from 5.0 metres
81.0 metres grading 0.6 g/t gold
from 82.0 metres
:
63.0 metres grading 0.8 g/t gold from 178.0 metres including:
5.0 metres grading 1.7 g/t gold from 181.0 metres;
11.0 metres grading 1.9 g/t gold from 204.0 metres
3.0 metres grading 2.5 g/t gold from 238.0 metres
21.0 metres grading 1.2 g/t gold from 247.0 metres
Please refer to
Table 1
for a complete list of all drill holes and detailed assay results disclosed in this
press release.
Table 1. Summary of Drill Hole Composites from the Butiá Gold Deposit and Fazenda do Posto
Gold Discovery
Drill Hole
From
To
Interval
Gold grade
Comment
(metres)
(metres)
(metres)
(grams/tonne)
Butiá
25BT055
53.00
66.00
13.00
1.320
Episyenite/Perthitic
Granite
25BT057
0.00
113.00
113.00
0.805
Episyenite
including
23.00
37.00
14.00
1.044
Episyenite
including
43.00
62.00
19.00
1.157
Episyenite
including
69.00
85.00
16.00
1.273
Episyenite
including
102.00
113.00
11.00
0.945
Episyenite
151.00
155.00
4.00
1.013
Perthitic Granite
including
151.00
152.00
1.00
2.743
Perthitic Granite
189.00
199.00
10.00
0.205
Perthitic Granite
213.00
216.00
3.00
0.293
Perthitic Granite
245.00
247.00
2.00
0.216
Perthitic Granite
281.00
285.00
4.00
0.377
Episyenite
25BT058
No Significant Values
Perthitic Granite
25BT062
0.00
4.00
4.00
0.761
Saprolite
including
3.00
4.00
1.00
1.743
Saprolite
12.00
16.00
4.00
0.196
Saprolite
55.00
61.00
6.00
0.529
Perthitic Granite
including
58.00
59.00
1.00
2.133
Perthitic Granite
64.00
81.00
17.00
0.166
Perthitic Granite
115.00
343.00
228.00
1.132
Perthitic
Granite/Episyenite
including
159.00
221.00
62.00
3.188
Episyenite
374.00
377.00
3.00
2.702
Episyenite
386.00
403.00
17.00
0.228
Perthitic Granite
452.00
464.00
12.00
0.258
Perthitic Granite
Fazenda do Posto
24FP033
218
219
1
0.396
Granodiorite
434
436
2
0.294
Episyenite
527
529
2
0.226
Episyenite
25FP037
2
3
1
0.514
Saprolite
154
155
1
0.732
Perthitic Granite
158
160
2
0.273
Episyenite
170
171
1
0.353
Episyenite
183
184
1
0.236
Perthitic Granite
187
189
2
0.204
Perthitic Granite
25FP038
167
177
10
0.217
Perthitic Granite
182
185
3
2.548
Perthitic Granite
191
194
3
0.219
Perthitic Granite
25FP039
325
369
44
2.278
Episyenite
including
331
344
13
3.637
Episyenite
391
393
2
15.217
Perthitic Granite
including
392
393
1
29.467
Perthitic Granite
407
420
13
0.212
Perthitic Granite
including
414
420
6
0.375
Perthitic Granite
25FP040
No Significant Values
Metasomatite/PG
25FP041
1
6
5
0.205
Saprolite
41
42
1
0.221
Perthitic Granite
60
62
2
0.981
Episyenite
67
68
1
0.262
Perthitic Granite
165
166
1
0.781
Perthitic Granite
204
217
13
0.33
Perthitic Granite
237
239
2
0.353
Episyenite
25FP042
1
3
2
0.267
Saprolite
82
83
1
0.273
Metasomatite
114
115
1
0.229
Metasomatite
401
472
71
0.506
Episyenite/Perthitic
Granite
including
405
410
5
1.091
Episyenite
including
451
454
3
3.586
Episyenite
25FP043
85
107
22
0.241
Perthitic Granite
including
87
88
1
1.454
Perthitic Granite
Drill Hole
From
To
Interval
Gold grade
Comment
(metres)
(metres)
(metres)
(grams/tonne)
241
242
1
0.352
Perthitic Granite
273
279
6
0.788
Episyenite
including
275
276
1
2.497
Episyenite
290
298
8
0.473
Episyenite/Perthitic
Granite
including
297
298
1
2.053
Episyenite/Perthitic
Granite
315
325
10
0.279
Perthitic Granite
including
315
316
1
0.925
Perthitic Granite
24FP044
No Significant Values
Metasomatite/PG
25FP045
128
205
77
1.54
Metasomatite
including
130
149
19
0.309
Metasomatite
including
155
167
12
4.062
Albitite
including
177
185
8
0.223
Albitite
including
185
196
11
5.128
Albitite
and including
194
195
1
41.65
Albitite
including
202
205
3
1.403
Albitite
230
231
1
0.400
Albitite
282
286
4
1.278
Perthitic Granite
24BT050
5
49
44
0.308
Perthitic
Granite/Episyenite
58
60
2
0.232
Episyenite
82
163
81
0.55
Episyenite
178
241
63
0.828
Episyenite/Perthitic
Granite
including
181
186
5
1.712
Perthitic Granite
including
204
215
11
1.852
Episyenite
Including
230
231
1
1.107
Episyenite/Perthitic
Granite
including
238
241
3
2.462
Episyenite/Perthitic
Granite
247
268
21
1.238
Episyenite
Including
254
264
10
2.066
Episyenite
including
266
268
2
1.356
Episyenite
24BT051
1
2
1
22.525
Saprolite
115
118
3
0.204
Perthitic Granite
197
199
2
0.268
Perthitic Granite
221
224
3
0.260
Perthitic Granite
234
251
17
0.512
Episyenite
384
400
16
4.020
Perthitic Granite
including
388
392
4
15.318
Perthitic Granite
416
420
4
0.286
Perthitic Granite
430
431
1
0.279
Perthitic Granite
24BT054
2
50
48
0.452
Episyenite/Perthitic
Granite
including
4
12
8
0.929
Episyenite
including
21
23
2
1.188
Episyenite
including
32
34
2
1.076
Episyenite
81
93
12
0.312
Perthitic Granite
99
102
3
0.203
Episyenite
104
105
1
0.244
Perthitic Granite
109
135
26
0.309
Episyenite/Perthitic
Granite
144
163
19
0.203
Perthitic Granite
232
235
3
0.257
Perthitic Granite
238
239
1
0.270
Perthitic Granite
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.
Drill Hole
From
To
Interval
Gold grade
Comment
(metres)
(metres)
(metres)
(grams/tonne)
Table 2. Butiá and Fazenda do Posto Drill Hole Coordinates
Drill
Elevation
Azimuth
Dip
Start Depth
Final Depth
Hole
Easting
Northing
(metres)
(Degrees)
(Degrees)
(metres)
(metres)
25BT055
218136
6586374
394.0
110
-60
0
158.4
25BT057
218101
6586441
381.0
110
-60
0
365.1
25BT058
218258
6586322
389.0
110
-60
0
181.7
25BT062
218188
6586512
382.0
290
-60
0
508.3
24FP033
217636
6586932
381.0
110
-60
0
607.2
25FP037
217846
6586430
395.4
110
-60
0
228.5
25FP038
217832
6586285
406.3
110
-60
0
340.0
25FP039
217666
6586702
406.5
110
-60
0
447.8
25FP040
217838
6586833
393.5
110
-60
0
411.0
25FP041
217969
6586326
390.0
110
-60
0
288.0
25FP042
217583
6586756
393.0
110
-60
0
513.9
25FP043
217898
6586508
383.0
110
-60
0
348.4
25FP044
217766
6585968
401.0
110
-60
0
416.6
25FP045
217875
6586679
381.0
220
-60
0
398.4
25BT050
217990
6586537
384.9
290
-60
0
319.4
25BT051
218017
6586643
380.3
290
-60
0
466.0
25BT054
217974
6586482
382.0
290
-60
0
307.2
Figure 1 - LDS Project Deposit, Discovery and Target Locations
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10429/265446_1b08bf6764fb5839_002full.jpg