Copper Project, in the Carajás Province of northern Brazil . PDH-18-02 intercepted 210.90 metres (“m”) from surface with an average grade of 0.39% copper and 50 parts per billion (“ppb”) gold (0.42 % copper equivalent). Within this wider zone, there is an intercept of 114.58m (between 51.47m and 166
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April 24th, 2018 (TSX Venture: LRA) - Lara Exploration Ltd. (“Lara” or “the Company”), is pleased to
report results for a further two diamond drill holes completed in the first quarter of 2018 at the Planalto
Copper Project, in the Carajás Province of northern Brazil . PDH-18-02 intercepted 210.90 metres (“m”)
from surface with an average grade of 0.39% copper and 50 parts per billion (“ppb”) gold (0.42 % copper
equivalent). Within this wider zone, there is an intercept of 114.58m (between 51.47m and 166.25m down
hole) with an average grade of 0.55% copper and 68ppb gold (0.59 % copper equivalent). The second hole,
PDH-18-01, which was collared approximately 200m to the south of PDH-18-02, intersected from the
surface 51.1m at an average grade of 0.27 % Cu with a higher-grade core zone of oxide mineralization with
10m at 0.71% Cu between 4.2m and 14.2m down hole.
Miles Thompson, President and CEO of Lara commented: “We are pleased to be able to report another long
intercept in copper mineralization and to confirm the historical drill data for this project. We are also very
encouraged to have hit some more massive chalcopyrite in the hole we are drilling currently.
Drillhole UTM-N UTM-E From (m) To (m) Interval
(m)
Cu
(%)
Au
(ppb)
CuEq
(%)
18-01 9294871 637063 0.00 51.10 51.10 0.27
including 4.20 14.20 10.00 0.71
18-02 9295001 636973 0.00 210.90 210.90 0.39 50 0.42
including 51.67 166.25 114.58 0.55 68 0.59
and 121.04 158.70 37.71 0.78 116 0.86
Copper equivalent values for by-product gold are calculated using a copper price of US$3.00/lb and a
gold price of US$1,340/oz. No allowance is made for losses in a normal mining situation.
PDH-18-01 was collared approximately 200m to the southeast of PDH-18-02, drilled at an angle of 5 0
degrees at an azimuth of 0 40 degrees, to test a mafic saprolite exposure where surface channel sampling
indicated an anomalous oxide copper zone of 45m at 0.24% Cu in the eastern part of the main copper -in-
soil anomaly. The preliminary interpretation is that this hole intersected the near surface part of a zone of
mineralization dipping at a low angle (25 -35 degrees) to the southwest. Down the hole the mineralization
is hosted by a partially weathered gabbro intrusive that is trun cated at 51m by a thick granite-syenite
intrusive body that persisted to 113m down the hole, at which point the hole was abandoned.
Lara Intercepts Another 114.58 Metres Averaging 0.59% Copper Equivalent at the
Planalto Copper Project in Brazil
TSX-Venture: LRA
Suite 501-543 Granville Street
Vancouver BC, Canada
V6C 1X8
www.laraexploration.com
T: 604.669.8777
F: 604.688.1157
News Release
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PDH-18-02 was drilled at an angle of 60 degrees at an azimuth of 270 degrees and was collared close to a
previous historic drill hole (F73) and was designed as a twin for that historic hole. The company has not
been able to locate the drill cores for F73 to verify the historic data so opted to drill the twin. PD-18-02 is
located approximately 200m to the northeast of Lara hole 17-01, for which a wide zone of copper
mineralization was reported previously (see Lara news release of 28-02-2018). For the down hole interval
of 188.29m (4.85m to 193.14m) the weighted average grade is 0.42% Cu and this is in close agreement
with the historic data which, had indicated a zone of mineralization of 188m at 0.4% Cu between 4m and
192m down hole. This gives the company confidence that it can use the historic data for the other historic
drillhole, F74, at least in the interpretation to develop a geological model of the mineralized zone.
PDH-18-02 shows several intersections at better than 0.5% Cu in the upper part of the hole , with the best
down hole intersection of 37.71m at 0.78% Cu and 116ppb Au, from 121.04m to 158.70m down hole. There
is still insufficient drilling to interpret the attitudes of these higher-grade copper zones. The c opper
mineralization occurs as chalcopyrite , as disseminations and as vein filling in a stock -work-like fracture
vein set, with the higher grades usually closely associated with zones, centimeters to meters-wide of strong
K-feldspar–magnetite alteration that is flanked by wider zones of biotite and chlorite alteration in the gabbro
and mafic meta-volcanic host rocks.
A further drill hole PDH-18-03, which is still in progress, was collared 250m to the west from PDH-18-02
on the same drill section, is designed as a scissor-hole to intercept the mineralized zone seen in PDH-18-02
from 80m to 150m down the dip to the west. Geological logging for this hole has identified narrow zones
of massive chalcopyrite up to 0.84m wide in the drill cores within wide zones of dis seminated and stock
work vein style copper mineralization. This massive chalcopyrite is the first indication for the presence of
possible feeder zones for the mineralizing fluids seen so far in the drilling. Assay results are expected to be
available by middle May.
Sampling methodology, Chain of Custody, Quality Assurance and Quality Control
All rock channel and drill core sampling was carried out by or under the supervision of the Company Vice-
President Exploration and the chain of custody of the samples and drill core from the project area to the
company’s sample preparation facility in Canaa dos Carajás was continuously monitored. Sample intervals
for channel sampling varied between 2m and 4m and for drill core the sampling interval varied from a little
less than 1m to a maximum of 1.5m being guided by the degree of copper mineralization and rock types.
Blank and certified reference materials were inserted approximately every 20 th sample and the company
routinely reanalyses laboratory pulps and crushed rejects for a number of samples from previous sample
batches with each sample batch . The samples were delivered to SGS -Geosol in Parauapebas where they
were crushed and pulverized. S ample pulps are dispatched to by SGS-Geosol to their own analytical
laboratory at Vespasiano, near Belo Horizonte, Minas Gerais State, Brazil. The pulps are subjected to Agua
Regia digestion with copper and 36 other elements being determined by ICP. Gold was determined by fire
assay fusion and an atomic absorption (AAS) finish on a 50-gram charge. Copper values above 1% Cu are
determined by fusion with sodium peroxide with an IC P OES finish. SGS -Geosol routinely runs , and
reports, results for a number of certified copper and gold standards and blank samples with each sample
batch.
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Check assays for copper and gold determinations are routinely carried out on a number of reject material
samples from SGS-Geosol at a second commercial laboratory in Parauapebas.
Michael Bennell, Lara’s Vice President Exploration and a Fellow of the Australasian Institute of Mining
and Metallurgy (AusIMM), is a Qualified Person as defined by National Instrument 43-101 Standards of
Disclosure for Mineral Projects and has approved the technical disclosure and verified the technical
information in this news release.
About Lara
Lara is an exploration company following the Prospect Generator business model, which aims to minimize
shareholder dilution and financial risk by generating prospects and exploring them in joint ventures funded
by partners. The Company currently holds a diverse portfolio of prospects and deposits located mostly in
Brazil and Peru. Lara’s common shares trade on the TSX Venture Exchange under the symbol "LRA".
For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or
contact Chris MacIntyre, VP Corporate Development, at +1 416 346-7660.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or
accuracy of this release.
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