Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Lavras Gold Corp. (LGC) has filed the technical report for the mineral resource estimate on the Cerrito Gold Prospect
  • The resource estimate shows that Cerrito has an indicated gold resource of 187,650 ounces and an inferred gold resource of 293,468 ounces
  • The Cerrito gold resource calculation is based on a drilling database of 92 diamond drill holes totalling 14,593 metres
  • Lavras Gold (TSXV: LGC) is a Canadian exploration company focused on exploring the Lavras do Sul gold project (LDS Project) in Brazil
  • Lavras Gold Corp. (LGC) is unchanged on the day, trading at C$0.41 per share at 2 pm ET

Lavras Gold Corp. (LGC) has filed the technical report for the mineral resource estimate on the Cerrito Gold Prospect.

The resource estimate shows that Cerrito has an indicated gold resource of 187,650 ounces and an inferred gold resource of 293,468 ounces.

NI 43-101 MINERAL RESOURCE ESTIMATE FOR CERRITO GOLD PROSPECT

ClassTypeTonnesGold (g/t)Gold (oz)Gold (g/t)Gold (oz)
IndicatedSaprolite474,4610.8713,3270.7811,858
Hard rock7,774,7630.78195,7590.70175,792
InferredSaprolite286,2350.807,3380.666,094
Hard rock12,871,2420.76314,3290.69287,374

Notes:

  • Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources estimated will be converted into mineral reserves
  • Assumes a gold cut-off grade of 0.3 grams per tonne (g/t)
  • High grade samples were capped at a grade of 3.07 g/t for the capped resource estimate

The Cerrito gold resource calculation is based on a drilling database of 92 diamond drill holes totalling 14,593 metres of drilling. Distances between drill holes varied from 25 and 100 meters from which 24 vertical sections were created having a north-south orientation and an average distance of 50 meters between sections.

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.

Lavras Gold Corp. (LGC) is unchanged on the day, trading at C$0.41 per share at 2 pm ET.

More From The Market Herald
VR Resources - CEO, Dr. Michael Gunning.

" VR (TSXV:VRR) intersects more critical mineralization

VR Resources (VRR) has discovered another high-grade zone of critical metals mineralization at its Hecla-Kilmer Property in Ontario.

" U3O8 Corp. (TSX:UWE) appoints new board chairman and CEO

U3O8 Corp. (UWE) announced that Dr. Richard Spencer has transitioned from President and Chief Executive Officer to Chairman of the Board.

" Gratomic (TSXV:GRAT) unveils graphite deposit extension in Brazil

Gratomic (GRAT) has a trenching program underway on its Capim Gross Project in Brazil.
The Market Herald Video

" Tocvan Ventures (CSE:TOC) announces latest drill results from Pilar

Tocvan Ventures Corp. (TOC) has completed the latest stage of drilling at its Pilar Au-Ag Project in Sonora, Mexico.