Manganese Project in northern Brazil, to local mining company Seven Mineração Limitada, in exchange for BRL 250,000 in cash (equivalent to approximately US$60,975) and a royalty of US$2/ton of ore taken from the property.
September 10, 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 Cumaru
Manganese Project in northern Brazil, to local mining company Seven Mineração Limitada, in exchange
for BRL 250,000 in cash (equivalent to approximately US$60,975) and a royalty of US$2/ton of ore taken
from the property.
The Cumaru Manganese Project comprises two exploration licenses totalling 8,915 hectares in area, located
near the town of C umaru do Norte in Pará State, northern Brazil , registered as part of Lara’s on-going
generative program for gold and copper around the Carajás Mineral Province. Exploration work did not
encounter significant gold or copper values but did identify lateritic manganese mineralization. Seven
Mineração has made agreements with the local landowners and is currently undertaking additional
exploration and permitting work, with a view to starting pilot mining in the near term.
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 p ortfolio 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 o f 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.
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 Cumaru Property Interest for US$2/ton Royalty
TSX-Venture: LRA
Suite 501-543 Granville Street
Vancouver BC, Canada
V6C 1X8
www.laraexploration.com
T: 604.669.8777
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News Release