| Announcement Date: | 2022-06-06 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | NI43-101 |
| Company name: | Lavras Gold Corp. |
| Project name: | Lavras do Sul |
| Location: | Brazil |
| Commodities: | Gold |
| Highlight: | Updated Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | TORONTO, ONTARIO – June 6, 2022 – Lavras Gold Corp. (TSXV: LGC) has achieved its first short-term goal for 2022. An NI 43-101 compliant mineral resource estimate has been completed for the Cerrito Gold Project at its LDS Project in Brazil. The resource shows that Cerrito has an indicated gold resource of 187,650 ounces and an inferred gold resource of 293,468 ounces. “Combining this gold resource estimate for the Cerrito Gold Prospect with the previously announced 500,000 ounces from our Butiá Gold Prospect moves us to our first million ounce milestone at LDS,” said Michael Durose, the Company’s President and Chief Executive Officer. “This is a major step toward unlocking the potential gold mineral endowment of LDS, which we have only just begun to understand. We look forward to releasing results of active drilling at the Zeca Souza, Matilde, and Matilde Extension prospects soon.” The gold resource for the Cerrito Prospect has been estimated according to standards set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101). The Cerrito gold resource calculation is based on a drilling database of 92 diamond drill holes totaling 14,593 metres of drilling. Distances between drill holes varied from 25 and 100 meters from which 24 |
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