Gold Project, to local mining company Mineração Aldeia de Vale Eireli, in exchange for a 2% Net Smelter Return Royalty on production. The Tocantins Gold Project, which is located near the town of Conceição de Tocantins in Central Brazil,
September 5, 2019 (TSX Venture: LRA) - Lara Exploration Ltd. (“Lara” or “the Company”), is pleased to
report that it has signed a Definitive Agreement transferring all its rights and obligations for the Tocantins
Gold Project, to local mining company Mineração Aldeia de Vale Eireli, in exchange for a 2% Net Smelter
Return Royalty on production.
The Tocantins Gold Project, which is located near the town of Conceição de Tocantins in Central Brazil,
comprises a two exploration licenses totalling 14,329 hectares, covering Lower Proterozoic age greenstone
lithologies that have been mined for gold sporadically since colonial times. Vale S.A. (“Vale”) carried out
the first systematic exploration of the area in the 1990’s, targeting gold associated with low -angle thrust
faults and fold structures , completing 180 shallow reverse circulation drill holes (totalling 9,129 metres)
outlining several near -surface gold occurrences. Further work undertaken more recently by a junior
explorer, included twelve diamond drill holes (totalling 1,731 metres) , targeting higher grade plunging
zones in fold noses. The best results from this program were intercepts of 2 metres at an average grade of
18.97 grams per tonne gold (“g/tAu”) from drill hole TO -08, and 17 metres at 3.93 g/tAu, including 4
metres at 9.01 g/tA u and 2 metres at 11.05 g/tAu from drill hole TO -09 (see Company news release of
February 1, 2016 for details).
About Lara Exploration
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 , deposits and royalties located
mostly in Brazil and Peru. Lara’s common shares trade on the TSX Venture Exchange under the symbol
"LRA".
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 In strument 43-101 Standards of
Disclosure for Mineral Projects and has approved the technical disclosure and verified the technical
information in this news release.
For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or
contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.
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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Lara Exchanges Tocantins Gold Property Interest for 2% NSR Royalty
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