Lavras Gold to fly drone aeromagnetic survey at LDS
News release 2022-5
NEWS RELEASE (May 17, 2022): Lavras Gold to fly drone aeromagnetic survey at LDS 1
Lavras Gold to fly drone aeromagnetic survey at LDS
TORONTO, ONTARIO – May 17, 2022 – Lavras Gold Corp. (TSXV: LGC) is preparing to
launch a drone aeromagnetic survey that will help identify additional exploration
targets for its Lavras do Sul (LDS) Project in southern Brazil.
Up to 3,357-line kilometres will be flown, covering 40% of the property that has not
previously been covered by air magnetics. The survey is one component of the
Company’s strategy – announced last week – to apply a sustained systematic and
technically-based exploration effort to the highly-prospective LDS Project.
“This aeromagnetic survey will provide critical information about the structural
setting of the Lavras Do Sul Intrusive Complex,” said Michael Durose, President
and Chief Executive Officer of Lavras Gold Corp. “The gold mineralization at the
LDS Project is structurally controlled, so this data will provide eagerly anticipated
valuable insight for our exploration targeting.”
Stratus Aeronautics Inc., which flew similar surveys on the property in 2018 and
2019, will conduct the survey. Field crews are mobilizing to site, and the survey is
expected to be completed in approximately four weeks. Once the data from the
survey is processed, it will be merged with the data from the previous surveys and
will provide magnetic data for the entire Lavras Do Sul Intrusive Complex.
Lavras Gold: Exploring to realize the potential of a
multi-million ounce district in southern Brazil
Lavras Gold (TSXV: LGC) is a Canadian exploration company focused on realizing
the potential of the Lavras do Sul gold project (LDS Project) in Brazil. Located in
the state of Rio Grande do Sul, the LDS Project is believed to host an alkaline
porphyry gold-copper system. More than 23 gold prospects centred on historic
gold workings have been identified on the property, which spans more than
22,000 hectares.
The Company’s vision is to maximize shareholder value by applying a sustained
systematic and technically-based exploration program to the LDS Project and any
other opportunities that may arise.
Follow Lavras Gold on www.lavrasgold.com, as well as on LinkedIn, Twitter, and
YouTube.
Contact information
Michael Durose Annemarie Brissenden
President & CEO Investor Relations
416-844-6284 416-844-6284
[email protected] [email protected]
News release 2022-5
NEWS RELEASE (May 17, 2022): Lavras Gold to fly drone aeromagnetic survey at LDS 2
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FORWARD-LOOKING INFORMATION
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 statements with respect to planned exploration activities and goals, the proposed Consolidation
and the timing thereof, 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 and the ability to obtain regulatory approval for the
Consolidation. For a description of the risks and uncertainties facing the Company and its business and
affairs, readers should refer to the Company’s Management’s Discussion and Analysis and Listing Statement
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.