Lavras Gold provides exploration update for LDS Project
News release 2023-17
NEWS RELEASE: Lavras Gold provides exploration update for LDS Project (October 11, 2023) 1
Lavras Gold provides exploration update for LDS Project
TORONTO, ONTARIO – October 11, 2023 – Lavras Gold Corp. (TSXV: LGC, OTCQB: LGCFF)
has extended its 16,000-metre drill program to 20,000 metres, and with two drills turning
at site, is actively following up on the Fazenda do Posto discovery at its LDS Project in
southern Brazil.
“With the closing of our recent financing, Lavras Gold is well-funded to follow up on its
recent discovery at Fazenda do Posto and work to increase the footprint of the Butiá Gold
Deposit along the western portion of the property,” said Michael Durose, President and
CEO of Lavras Gold. “We are also continuing with our regional exploration initiatives,
including soil sampling, aimed at defining new exploration targets for future drilling.”
The Company expects to focus its drilling over the foreseeable future at Fazenda do Posto
and the Butiá Gold Deposit, where the goal is to define the geometry and gold grade
distribution of these areas and ultimately grow its overall gold inventory.
Two drills are currently turning, one at Fazenda do Posto and one at Butiá. Once the drill
core has been logged and assay results have been obtained and interpreted, the results
will be disclosed. The typical turnaround time is approximately six to eight weeks.
“This is an exciting time for our Company,” added Durose. “We are entering the spring
and summer dry season in southern Brazil and expect the field exploration program to
ramp up as conditions improve. We have a lot of work ahead of us that will generate
significant future news flow.”
About Lavras Gold
Lavras Gold Corp. (TSXV: LGC, OTCQB: LGCFF) is a Canadian exploration company focused
on realizing the potential of a multi-million-ounce gold district in southern Brazil. Its
Lavras do Sul Project is located in Rio Grande do Sul State, and is primarily an intrusive
hosted gold system of possible alkaline affinity. More than 23 gold prospects centred on
historic gold workings have been identified on the property, which spans more than
22,000 hectares. Follow Lavras Gold on www.lavrasgold.com, as well as on LinkedIn,
Twitter, and YouTube.
Contact information
Michael Durose, President and CEO | Annemarie Brissenden, Investor Relations
[email protected] |+1-416-844-6284
DISCLAIMER AND FORWARD-LOOKING INFORMATION
Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of the content of this news release.
This news release contains certain “forward-looking information” within the meaning of applicable securities laws.
Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”,
“anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain
events or conditions “may” or “will” occur. These statements, including those on planned exploration activities and goals,
are only objectives and predictions. Forward-looking information is based on the opinions and estimates of management
at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those projected in the forward-looking information, including the
risks and factors that generally affect exploration and the uncertainty of exploration results. For a description of the risks
and uncertainties facing the Company and its business, refer to the Company’s Management’s Discussion and Analysis
recently filed under the Company’s profile on www.sedar.com. The Company undertakes no obligation to update forward-
looking information if circumstances or management’s estimates or opinions should change, unless required by law. The
reader is cautioned not to place undue reliance on forward-looking information.