Lavras Gold to fly drone aeromagnetic survey at LDS
May 17 2022 - 6:30AM
Lavras Gold Corp. (TSXV: LGC) is preparing to launch a drone
aeromagnetic survey that will help identify additional exploration
targets for its Lavras do Sul (LDS) Project in southern Brazil.
Up to 3,357-line kilometres will be flown, covering
40% of the property that has not previously been covered by air
magnetics. The survey is one component of the Company’s strategy –
announced last week – to apply a sustained systematic and
technically-based exploration effort to the highly-prospective LDS
Project.
“This aeromagnetic survey will provide critical
information about the structural setting of the Lavras Do Sul
Intrusive Complex,” said Michael Durose, President and Chief
Executive Officer of Lavras Gold Corp. “The gold mineralization at
the LDS Project is structurally controlled, so this data will
provide eagerly anticipated valuable insight for our exploration
targeting.”
Stratus Aeronautics Inc., which flew similar
surveys on the property in 2018 and 2019, will conduct the survey.
Field crews are mobilizing to site, and the survey is expected to
be completed in approximately four weeks. Once the data from the
survey is processed, it will be merged with the data from the
previous surveys and will provide magnetic data for the entire
Lavras Do Sul Intrusive Complex.
Lavras Gold: Exploring to realize the
potential of a multi-million ounce district in southern
Brazil
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. Located in the state of Rio
Grande do Sul, the LDS Project is believed to host an alkaline
porphyry gold-copper system. More than 23 gold prospects centred on
historic gold workings have been identified on the property, which
spans more than 22,000 hectares.
The Company’s vision is to maximize shareholder
value by applying a sustained systematic and technically-based
exploration program to the LDS Project and any other opportunities
that may arise.
Follow Lavras Gold on www.lavrasgold.com, as well
as on LinkedIn, Twitter, and YouTube.
Contact information
Michael Durose |
|
Annemarie Brissenden |
President & CEO |
|
Investor Relations |
416-844-6284 |
|
416-844-6248 |
info@lavrasgold.com |
|
info@lavrasgold.com |
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FORWARD-LOOKING INFORMATIONThis news release
contains certain “forward-looking information” within the meaning
of applicable securities laws. Forward looking information is
frequently characterized by words such as “plan”, “expect”,
“project”, “intend”, “believe”, “anticipate”, “estimate”, “may”,
“will”, “would”, “potential”, “proposed” and other similar words,
or statements that certain events or conditions “may” or “will”
occur. These statements, including statements with respect to
planned exploration activities and goals, the proposed
Consolidation and the timing thereof, are only objectives and
predictions. Forward-looking information is based on the opinions
and estimates of management at the date the information is
provided, and is subject to a variety of risks and uncertainties
and other factors that could cause actual events or results to
differ materially from those projected in the forward-looking
information, including the risks and factors that generally affect
exploration and the uncertainty of exploration results and the
ability to obtain regulatory approval for the Consolidation. For a
description of the risks and uncertainties facing the Company and
its business and affairs, readers should refer to the Company’s
Management’s Discussion and Analysis and Listing Statement recently
filed under the Company’s profile on www.sedar.com. The Company
undertakes no obligation to update forward-looking information if
circumstances or management’s estimates or opinions should change,
unless required by law. The reader is cautioned not to place undue
reliance on forward-looking information.
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